Skip to content
BOL Conferences

Thread Options
#135924 - 12/03/03 03:52 PM Branch hours disclosure?
K8T Offline
100 Club
K8T
Joined: Sep 2003
Posts: 196
I have fallen down the rabbit ...
Can someone point me to a reg (in DD?) that states what hours need to be provided in our initial account opening disclosures tht we hand out to our deposit customers. Do we post the main office hours only with a statement that "branch hours may vary?
Thanks in advance for the help!
_________________________
Some days, it is all a mystery to me.

Return to Top
Operations Compliance
#135925 - 12/03/03 04:54 PM Re: Branch hours disclosure?
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,763
On the Net
I can't cite it. It isn't a requirement of TISA/DD.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

Return to Top
#135926 - 12/03/03 04:57 PM Re: Branch hours disclosure?
K8T Offline
100 Club
K8T
Joined: Sep 2003
Posts: 196
I have fallen down the rabbit ...
Thanks Andy- I read that Reg over again.. and couldn't find it, but I miss things many times.
_________________________
Some days, it is all a mystery to me.

Return to Top
#135927 - 12/03/03 04:59 PM Re: Branch hours disclosure?
Czargazer Offline
Gold Star
Czargazer
Joined: May 2003
Posts: 298
Pacific Northwest
I just did a search through all the regs and couldn't find anything refering to disclosing business hours specifically to new account holders.

Just to put my 2 cents worth in.
_________________________
Everyone has to make a living, mine just happens to involve thumbscrews.

Return to Top
#135928 - 12/03/03 06:47 PM Re: Branch hours disclosure?
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,763
On the Net
Quote:

Thanks Andy- I read that Reg over again.. and couldn't find it, but I miss things many times.





Ah, the power of the electronic keyword search. A most under-utilized tool.

Days open and hours are under state laws, in most cases.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

Return to Top
#135929 - 12/03/03 08:19 PM Re: Branch hours disclosure?
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
There is a reference to the cutoff hour in the model disclosures under Regulation CC. But I could not find the corresponding requirement in the regulation or commentary. In the model, the customer is told if you get your deposit to us before [time] we consider it received that day; if you get it to us after [time], we consider it received on the next business day.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  Andy_Z, John Burnett