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#1517198 - 03/03/11 06:25 PM Reg E - provisional credit when claim withdrawn
mmumm Offline
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Joined: Jul 2008
Posts: 163
Santa Cruz, California
If a customer withdraws their Reg E claim, but we have already provided provisional credit, do we need to notify them that either:
1. the provisional credit will be reversed in 5 bus days, or
2. reverse the credit immediately but let customer know that we will will honor checks, drafts, etc for the next 5 bus days

...or can we just reverse the provisional credit immediately and not have to give the customer the 5 days in either option above?

Thanks!

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eBanking / Technology
#1518092 - 03/07/11 01:04 AM Re: Reg E - provisional credit when claim withdrawn mmumm
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,750
On the Net
I don't recall this being addressed in the reg. But if the claim is withdrawn, I see no reason for the PC to be left in their account. They are either whole, or there was no claim.
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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

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#1519515 - 03/09/11 06:57 PM Re: Reg E - provisional credit when claim withdrawn Andy_Z
sonny Offline
New Poster
Joined: Aug 2010
Posts: 16
Just curious why anything to do with reg e gets moved to ebanking and tech?

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#1519585 - 03/09/11 08:04 PM Re: Reg E - provisional credit when claim withdrawn sonny
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Because it deals with electronic banking questions.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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#1520939 - 03/11/11 08:47 PM Re: Reg E - provisional credit when claim withdrawn John Burnett
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,750
On the Net
It makes searching and researching easier when we can keep the topics in categories.
_________________________
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

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