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



October 24
How to Audit Advertising - Compliance Issues Here, There, Everywhere!;
Patricia Cashman

October 29
Documenting an Applicant's Intent to be a Joint Applicant;
David Dickinson

November 4
Issues with Deceased Customers;
Mary Beth Guard and John Burnett

November 5
Vault Burglaries, Floods, Fires & Other Disasters;
Dave McGuinn

November 6
MLO v LO - Who Has to Do What?;
Jack Holzknecht and Mary Beth Guard

November 13
Domestic Violence & Workplace Violence: There Is A Link;
Shelly Collins and Dana Turner



Topic Options
Manage Topic
#659352 - 12/29/06 04:08 PM Reg E Disclosure - Business Accounts
Blogger Offline
Member

Registered: 08/03/04
Posts: 80
Loc: VA
I have noticed that our online banking disclosure for businesses has our Reg. E error resolution info in it. Also, the Reg. E error resolution info is also found on the back of all of our statments to business account holders...does this mean that we have to comply with this notice because they have been provided it?

Top
General Discussion
#659464 - 12/29/06 06:22 PM Re: Reg E Disclosure - Business Accounts [Re: Blogger]
76er Offline
100 Club

Registered: 10/01/04
Posts: 229
Loc: Up North
It is my understanding that you do not have to provide the protections of Reg E to business accounts even though you provide the error resolution notice to them. However, it is good customer service to try to assist business customers with Reg E transaction problems using the same timeframes.
_________________________
If you keep doing what you've always done, you'll get what you always got.

Top
#659503 - 12/30/06 12:28 PM Re: Reg E Disclosure - Business Accounts [Re: 76er]
John Burnett Offline
10K Club

Registered: 10/27/00
Posts: 30717
Loc: Cape Cod
You really should remove ambiguity from your online banking disclosures for businesses. Don't disclose what you aren't prepared to do. As for your statement paper, you should head the Reg. E error resolution notice with "The following applies to consumer accounts only."
_________________________
John S Burnett
BankersOnline.com

Top