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#739280 - 05/23/07 10:55 PM Reg DD, change notices
~MunQue~ Offline
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~MunQue~
Joined: Jul 2006
Posts: 718
HERE! I'm here!
When you send out a notice 30 days before a change is in effect, is it required to bold the changes?
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#739296 - 05/23/07 11:53 PM Re: Reg DD, change notices ~MunQue~
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,763
Central City, NE
You must draw attention to the changes some how. This doesn't have to be bold print. It could be a letter explaining the changes.

Refer to the Commentary to 230.5(a)(1):
1. Form of notice. Institutions may provide a change-in-term notice on or with a periodic statement or in another mailing. If an institution provides notice through revised account disclosures, the changed term must be highlighted in some manner. For example, institutions may note that a particular fee has been changed (also specifying the new amount) or use an accompanying letter that refers to the changed term.
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David Dickinson
http://www.bankerscompliance.com

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