Can separate advertising information (re: a new product) be included with a CD Maturity Notice?
Can a Certificate of Deposit be purchased with loan proceeds and that CD be pledged as the collateral?
I have a borrower who is using a CD as security for a loan to purchase a vacation home. What if any disclosures are needed?
For Certificates of Deposit that are multi-party accounts, are we required to get the original signature of all parties at the onset of the account? Or is this a best practice consideration? I'm not concerned w/ the closing of the account, only at opening.
We are looking to change (strengthen) the penalties on CD maturities - what type or time frame of notice do we have to provide for those changes going forward?
Is it necessary to provide a customer with a periodic statement for a monthly transfer of interest from a certificate of deposit to one of their accounts at another financial institution?
If we have a CD that automatically renews and the term is longer than one year, do we need to send the customer a new certificate and TISA disclosures?
A customer wants to pledge Certificates of Deposits from other banks as collateral for a loan at our bank. Where do I find forms and what are disclosures? $100,000 10years monthly payments set up like a mortgage payment.
What disclosures are required to open a certificate of deposit account?
On a consumer loan secured by a certificate of deposit, is it required for the "Required Deposit" box to be checked in the Fed box disclosures?