Skip to content
BOL Conferences
Learn More - Click Here!

Thread Options
#1219651 - 07/21/09 01:37 PM Reg D 7 day written notice for withdrawals
txgal, CRCM Offline
Junior Member
Joined: Jul 2006
Posts: 46
Texas
smile

For Reg D 12 CFR § 204.2(b)(3)(iii))purposes, Will someone verify the type of accounts that need to have the statement of "we may require not less than 7 days notice in writing before each withdrawal from an interest bearing account..." Should this statement be contained in the disclosure for all interest bearing accounts including NOW accounts?

Thank you in advance for your help.

Txgal

Return to Top
Operations Compliance
#1219805 - 07/21/09 03:41 PM Re: Reg D 7 day written notice for withdrawals txgal, CRCM
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
All interest-bearing checking and savings accounts. Yes, this should be in the NOW account contract.
_________________________
David Dickinson
http://www.bankerscompliance.com

Return to Top

Moderator:  Andy_Z, John Burnett