OBLIGATION: 
Midnight Deadline

ACTION REQUIRED:
Send the item by midnight on the next banking day unless Regulation CC extends the deadline.

CITATIONS:
UCC 4-301(a), 4-104(a)(10), 1-201(38); Regulation CC, 229.30(c)(1)
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OBLIGATION: 
Regulation CC return

ACTION REQUIRED:
Return the item to the depositary bank either by the two-day/four-day rule or by the forward collection rule.

CITATIONS:
Regulation CC, 229.30(a)
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OBLIGATION: 
Regulation CC notice

ACTION REQUIRED:
If the item is for $2,500 or more, give notice to the depositary bank by 4 p.m. on the second business day.

CITATIONS:
Regulation CC, 229.33