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#1308582 - 12/17/09 08:09 PM Reg GG
dg Offline
Platinum Poster
Joined: Jan 2005
Posts: 811
Pacific NW
Does this apply to all existing commercial transaction accounts or just those opened going forward from the new effective date?

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Deposits and Payments
#1308878 - 12/17/09 11:33 PM Re: Reg GG dg
Doug Hendrickson Offline
Power Poster
Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
All existing commercial accounts and all new accounts going forward.
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I hear and I forget. I see and I remember. I do and I understand.--Confucius

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#1309546 - 12/18/09 07:54 PM Re: Reg GG Doug Hendrickson
dg Offline
Platinum Poster
Joined: Jan 2005
Posts: 811
Pacific NW
So we will need to disclose this in advance. Now that the effective date has changed does it matter when customer notification is?

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#1309601 - 12/18/09 08:54 PM Re: Reg GG dg
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,418
Galveston, TX
The law is in effect, the mandatory compliance date has just been postponed.
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