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#1193537 - 06/01/09 01:25 PM Reg E - Periodic Statement Disc
Dazed Auditor Offline
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Dazed Auditor
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Acceptance, USA America
I have a couple of questions concerning how transactions are to be disclosed on periodic statements for Reg E.

1. Section 205.9(b) requires the name of any third party to or from funds were transferred. Does this include POS transaction and online bill pay?

2. For non bank owned ATM transfers (other than deposits) where the terminal location is to be disclosed on the statement, would server room in Modesto, CA be sufficient? I was thinking the street address would be required.
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#1193546 - 06/01/09 01:37 PM Re: Reg E - Periodic Statement Disc Dazed Auditor
BrendaC Offline
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Did you look at Reg E's Official Staff Interpretations? I think you may find the guidance you need there.
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#1193548 - 06/01/09 01:38 PM Re: Reg E - Periodic Statement Disc Dazed Auditor
John Burnett Offline
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1. Yes. It also includes and third party transfer initiated at an ATM (although I don't think they are common).

2. There's a lot of flexibility in what gets used to ID the terminal location on the statement. In addition to the city and state (or foreign country), there should be one of the following: (a) the street address; (b) a generally accepted name for the location [for example, Central Square or Grand Central Station]; or (c) the name of the owner/operator of the terminal [Macy's; First National Bank]. Or, you can provide the city and state and the owner/operator of the terminal. You should review section 205.9(b) and the Official Staff Interpretations of that section.
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#1193596 - 06/01/09 02:26 PM Re: Reg E - Periodic Statement Disc John Burnett
Dazed Auditor Offline
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I will review the commentary. Thanks.
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#1195767 - 06/04/09 02:59 PM Re: Reg E - Periodic Statement Disc Dazed Auditor
Andy_Z Offline
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