For our printed notice:
Since we're CIP-ing people who get added as new joint signers on existing accounts, we're adding wording that it pertains to new signers as well as new accounts. But it's pretty much staying close to the standard.
For our verbal notice (accounts initiated in the call center):
We decided the standard wording was extremely cumbersome for our call center reps to have to read, so we shortened it quite a bit for their script. That one currently reads:
“Federal law requires us to obtain and verify information that identifies each person on an account. We will need the names, addresses, dates of birth, Taxpayer Identification Numbers and other identifying information from each signer when you open an account or add any new signers.”
Still pretty nasty to have to read out loud to someone, but better than the long version.
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Just a lowly 1st Year Law Student ("1L"), so don't take anything I say seriously!