Uniform Commercial Code (UCC): Primary framework for secured transactions, particularly Article 9 (??9-104) regarding control of deposit accounts, Article 8 for investment securities, and Article 1 for general provisions
Federal Reserve Regulation CC: Governs availability of funds and collection of checks in deposit accounts, crucial for determining when funds become available under the control agreement
Federal Deposit Insurance Act: Establishes the system of deposit insurance and regulates how deposit accounts are protected in case of bank failure
USA PATRIOT Act: Sets requirements for account opening procedures and customer identification programs that must be followed when establishing controlled accounts
State Banking Laws: State-specific regulations and UCC variations that may affect the control agreement's implementation and enforcement in particular jurisdictions
Federal Bankruptcy Code: Governs treatment of secured claims, automatic stay provisions, and perfection/priority rules in bankruptcy scenarios
Securities Exchange Act: Relevant when the controlled account involves securities or investment products, establishing additional regulatory requirements
Bank Secrecy Act: Establishes anti-money laundering requirements and reporting obligations for financial institutions handling controlled accounts
Electronic Funds Transfer Act: Regulates electronic fund transfers and establishes rights and responsibilities for parties involved in electronic banking transactions
FDIC Rules: Determines deposit insurance coverage and bank resolution procedures that may affect the control agreement's operation
