---
kind: "section"
citation: "12 U.S.C. § 5015"
title: "12"
title_heading: "Banks and Banking"
number: "5015"
heading: "Study and report on funds availability"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5015"
units:
  - "Chapter 50 — Check Truncation"
---

# §5015. Study and report on funds availability

- (a) **Study—** In order to evaluate the implementation and the impact of this chapter, the [Board](/usc/12/5002.md?p=4) shall conduct a study of—
  - (1) the percentage of total [checks](/usc/12/5002.md?p=6) cleared in which the paper [check](/usc/12/5002.md?p=6) is not returned to the [paying bank](/usc/12/5002.md?p=3-C);
  - (2) the extent to which [banks](/usc/12/5002.md?p=2) make funds available to [consumers](/usc/12/5002.md?p=7) for local and nonlocal [checks](/usc/12/5002.md?p=6) prior to the expiration of maximum hold periods;
  - (3) the length of time within which [depositary banks](/usc/12/5002.md?p=3-B) learn of the nonpayment of local and nonlocal [checks](/usc/12/5002.md?p=6);
  - (4) the increase or decrease in [check](/usc/12/5002.md?p=6)-related losses over the study period; and
  - (5) the appropriateness of the time periods and amount limits applicable under sections [4002](/usc/12/4002.md) and [4003](/usc/12/4003.md) of this title, as in effect on October 28, 2003.
- (b) **Report to Congress—** Before the end of the 30-month period beginning on the effective date of this chapter, the [Board](/usc/12/5002.md?p=4) shall submit a report to the Congress containing the results of the study conducted under this section, together with recommendations for legislative action.

## Source credit

(Pub. L. 108–100, § 16, Oct. 28, 2003, 117 Stat. 1190.)

## Notes

### Editorial Notes

### References in Text

This chapter, referred to in subsec. (a), was in the original “this Act”, meaning Pub. L. 108–100, Oct. 28, 2003, 117 Stat. 1177, which is classified generally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 5001 of this title and Tables.

The effective date of this chapter, referred to in subsec. (b), is at the end of the 12-month period beginning on Oct. 28, 2003, except as otherwise specifically provided in this chapter, see section 20 of Pub. L. 108–100, set out as an Effective Date note under section 5001 of this title.

### Statutory Notes and Related Subsidiaries

### Effective Date

Section effective at the end of the 12-month period beginning on Oct. 28, 2003, see section 20 of Pub. L. 108–100, set out as a note under section 5001 of this title.