H.R. 1724 — A bill to limit the number of days a depository institution may restrict the availability of funds which are deposited by check or any other similar instrument.

Summary

Entitles an individual to withdraw funds deposited into such individual's account at a depository institution: (1) after one business day if such deposit was a check or similar instrument issued by the Federal Government or any State or local government; and (2) after four business days if such deposit was a check or similar instrument issued by anyone else.

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Legislative Actions

1985-03-26
Introduced in House
1985-03-26
Introduced in House
1985-03-26
Referred to House Committee on Banking, Finance and Urban Affairs.
1985-03-26
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

A bill to limit the number of days a depository institution may restrict the availability of funds which are deposited by check or any other similar instrument.

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Summary

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