I just started a Privacy compliance audit and was wondering, does a bank also have to send the annual notice to those customers who only have loans or CD accts but do not have checking or savings accounts. If that statement makes sense...I think we're only mailing to our checking account customers?

You should be mailing to all customers, not just those with checking accounts.

Right. It goes to all CUSTOMERS, anyone with an ongoing relationship with the bank, not just deposit customers.

Thanks guys...

You should review Reg P, specifically special rules for loans. Consumers can become your Customers under the special rules for loans.