Uniform Commercial Code (UCC): Primary focus on Article 4 governing bank deposits and collections, establishing fundamental rules for banking transactions and account operations
Electronic Funds Transfer Act (EFTA): Federal law establishing rights, liabilities, and responsibilities of participants in electronic funds transfer systems
Bank Secrecy Act (BSA): Requires financial institutions to assist government agencies in detecting and preventing money laundering, including record keeping and reporting requirements
USA PATRIOT Act: Mandates customer identification programs and enhanced due diligence procedures for business accounts
Federal Reserve Regulation CC: Governs funds availability and collection of checks, including hold periods and disclosure requirements
Federal Reserve Regulation D: Sets reserve requirements and defines types of deposit accounts and transaction limitations
Truth in Savings Act (TISA): Requires disclosure of terms and conditions for deposit accounts, including fees, interest rates, and annual percentage yields
Gramm-Leach-Bliley Act (GLBA): Requires financial institutions to explain their information-sharing practices and protect sensitive customer data
E-SIGN Act: Provides legal recognition for electronic signatures and records in banking and commercial transactions
Uniform Electronic Transactions Act (UETA): State-level law providing consistent rules for electronic transactions and signatures
State Banking Regulations: Various state-specific requirements governing banking operations and account relationships within each jurisdiction
OFAC Compliance Requirements: Regulations requiring screening of business accounts against sanctions lists and prohibited parties
CFPB Regulations: Consumer Financial Protection Bureau rules affecting business banking relationships and consumer protection
Federal Deposit Insurance Act: Establishes deposit insurance coverage and requirements for insured deposit accounts
Know Your Customer (KYC) Requirements: Regulatory requirements for verifying business customer identity and assessing risk levels
