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UC IRVINE ADMINISTRATIVE POLICIES & PROCEDURES

BUSINESS AND FINANCIAL AFFAIRS
Financial Services
Sec. 704-13: Campus Cashiering Check Endorsement Standards - Policy

Responsible Administrator: Assistant Vice Chancellor - Accounting & Fiscal Services
Revised: March 1997

Check Endorsement Policy

The Expedited Funds Availability Act, Regulation CC was enacted to improve funds availability and expedite the return of checks. This banking law became effective September 1, 1988, and the Federal Reserve Board began implementation on that date. Specific implementing guidelines define criteria for the placement, content, and ink color of endorsement areas on the back of checks for the depository bank (bank of first deposit), subsequent endorsers (paying banks), and corporate or payee endorsers (campus departments, payee signatures). All campus departments/offices/units which receive or handle checks must comply with these check endorsement standards and are required to use endorsement stamps which meet the specified criteria outlined in The Expedited Funds Availability Act, Regulation CC Check Endorsement Standards.


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