Regulation J

Definition of "Regulation J"
  1. Rules developed by the Federal Reserve Board for overseeing the process of gathering checks and other forms of cash and non-cash payments, as well as handling return check situations within Federal Reserve Banks
How to use "Regulation J" in a sentence
  1. Banks must adhere to Regulation J when dealing with check collections and handling returned checks.
  2. Regulation J outlines the procedures for handling non-cash items within Federal Reserve Banks.
  3. In the event of a returned check, Regulation J provides the guide on how Federal Reserve Banks should proceed.

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