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#1580372 - 07/20/11 03:58 PM REG CC Notice of Hold form error
CARM9 Offline
100 Club
Joined: Feb 2011
Posts: 112
If the bank sends a notice of hold to a client with an error on the form, i.e. hold amount, that is identified by the bank the next business day, would sending a corrected notice of hold form to the client resolve the violation of Reg CC in the examiners eyes?

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Deposits and Payments
#1580456 - 07/20/11 05:21 PM Re: REG CC Notice of Hold form error CARM9
GuitarDude Online
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GuitarDude
Joined: Nov 2004
Posts: 5,924
So Cal
It may depend on your specific examiner as far as resolution is concerned, but correcting the notice and sending it to the customer goes a long way in showing that you are monitoring yourself and making a good faith effort to do the right thing IMO. Taking steps to prevent the recurrence of errors goes a long way as well.
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