§5015 Study and Report on Funds Availability

Summary

The Board must study how this chapter is being put into practice and what effects it has. The study must check how often checks are cleared without returning the paper check to the paying bank; whether banks make funds available for local and nonlocal checks before maximum hold periods end; how long depositary banks take to learn that checks were not paid; any change in check-related losses; and whether the time and dollar limits in sections 4002 and 4003, as they were on October 28, 2003, are appropriate. Before the end of the 30-month period beginning on the effective date of this chapter, the Board must give Congress a report with the study results and any recommendations for new laws.