§ 229.37 Variation by agreement.

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Title 12 CFR: Banks and Banking › Chapter II: FEDERAL RESERVE SYSTEM › Part 229: AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS (REGULATION CC) › Subpart C: Collection of Checks › § 229.37: § 229.37 Variation by agreement.

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

The effect of the provisions of subpart C may be varied by agreement, except that no agreement can disclaim the responsibility of a bank for its own lack of good faith or failure to exercise ordinary care, or can limit the measure of damages for such lack or failure; but the parties may determine by agreement the standards by which such responsibility is to be measured if such standards are not manifestly unreasonable.

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