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#667918 - 01/18/07 04:34 PM changed fees notice quest.
Trees Offline
Power Poster
Joined: Apr 2005
Posts: 4,013
We increased fees on a couple lesser used services. (duplicate statements). We sent out a fee schedule with monthly statements. Fees will change in March so we are ahead of the 30 day notice. However, did we have to point our which fees were changed? The schedule lists off deposit account type fees with the march 1st date...I didn't see where the reg specified that we had to point out the fees, esp. on ones that are not often used.

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Deposits and Payments
#668431 - 01/18/07 11:29 PM Re: changed fees notice quest. Trees
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
Refer to the Commentary to ยง230.5(a)(1) #1 where it states that if you provide revised account disclosures, the changed term must be highlighted in some manner.
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David Dickinson
http://www.bankerscompliance.com

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#668550 - 01/19/07 02:45 PM Re: changed fees notice quest. David Dickinson
IUalum Offline
Platinum Poster
IUalum
Joined: Mar 2002
Posts: 942
Kentucky
We place an asterisk (*) next to any fee that has changed, pointing to a footnote that says "denotes fee change."
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