Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network

   

















    Site Map

    Our Sponsors

    Home










Compliance Gurus
Lending Gurus
Security Gurus
Marketing Gurus
Technology Gurus
eBanking Gurus

Print Friendly! Email This Article! Discuss NOW!


Does the Error Resolution Notice Change the Terms?
Answer by John Burnett, BOL Guru
Guru BIOS

Question: Does an error resolution notice on the back of a bank statement make Reg E apply to commercial accounts, even though Reg E does not cover commercial accounts? Our bank statements are preprinted with this on them, and we use them for consumer and business accounts alike.

Answer: I don't believe this brings the commercial accounts under Regulation E. However, you raise an excellent point. Banks should try to draw bright lines wherever possible. The statement on the back concerning error resolution might have a heading reading: "Notice to Consumer Accounts."

First published on BankersOnline.com 9/6/04







Home | Compliance | Lending | Operations | Security | Marketing | Technology | eBanking
BOL Archives    Privacy Policy    Important Disclaimer   Recommend This Site !   Contact Us


BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.