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#1727471 - 08/03/12 08:59 PM Periodic Statement Question
leo_bsayer Offline
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When a bank produces a statement to fulfill Reg E requirements, is there also a requirement to include those items on the statement that are not electronic? If so, where could I find that?

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#1727569 - 08/06/12 02:00 PM Re: Periodic Statement Question leo_bsayer
John Burnett Offline
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John Burnett
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Cape Cod
There is nothing in Regulation E that requires that the periodic statement include information on transactions that are not EFTs subject to the regulation.
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John S. Burnett
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#1727576 - 08/06/12 02:11 PM Re: Periodic Statement Question leo_bsayer
leo_bsayer Offline
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Posts: 645
Thanks John. Are there any Reg DD requirements? I couldn't find anything about it there, either.

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#1727589 - 08/06/12 02:26 PM Re: Periodic Statement Question leo_bsayer
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Negative. However, I do think you run into what's expected. After all, what is a statement of account if it doesn't included transactional information? And, in order to trigger the customer's responsibility for statement verification and notification of unauthorized items and alterations under UCC 4-406, you have to at minimum show the payment of the items on the periodic statement.
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John S. Burnett
BankersOnline.com
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