Depositors Insurance Fund Requirements

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Depositors Insurance Fund Requirements
Answer by Andy Zavoina, BOL Guru
BIO AND CONTACT INFO

Question: When a bank is a member of the Depositors Insurance Fund, are they required to include this disclosure in all advertising - particularly television ads? Can you give me a legal citation to refer to?

Answer: 12 CFR 328.3 requires this when you advertise deposit products. Exceptions are under (c) of this cite which includes
(9) Advertisements by television, other than display advertisements, which do not exceed thirty (30) seconds in time;

First published on BankersOnline.com 9/16/02

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