Certified Regulatory Compliance Manager (CRCM) Practice Exam

When an exception hold is placed on a deposit, it typically involves a delay in the availability of funds. The rules governing this are outlined in federal regulations, which categorize the types of holds that can be placed on deposits and outline the timelines for when funds must be made available. In the case of exception holds, generally, a portion of the deposited funds is made available quickly, while other amounts remain inaccessible for a longer period due to certain factors, such as the size of the deposit or the account history. Under the Correct answer, $5,000 is available by Tuesday, which aligns with regulations that allow for immediate availability of at least the first $200 and usually a further amount shortly thereafter. The remaining $7,000 is then made available by the following Monday. This timeline reflects a common practice where portions of larger deposits are staggered for availability, providing timely access to some funds while maintaining security protocols for larger amounts that may pose risks of non-collection or fraud. This structured release of funds ensures that both the institutional integrity is maintained and that the depositor has access to a reasonable portion of their funds in a timely manner.