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#1598464 - 08/30/11 11:54 PM Reg Q Procedures
cbailey Offline
Member
Joined: Jan 2004
Posts: 67
We have been updating procedures and have come to Reg Q. Is there any need to have one for Reg Q at this point?

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#1598465 - 08/30/11 11:57 PM Re: Reg Q Procedures cbailey
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
Reg Q has been rescinded..it no longer exists.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1598500 - 08/31/11 12:33 PM Re: Reg Q Procedures Kathleen O. Blanchard
Bob The Banker Offline
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Bob The Banker
Joined: May 2010
Posts: 958
However, parts of Reg Q were transferred to the FDIC Deposit Insurance rule 330. The aprts transferred were the definition of interest and premiums. These two parts are used to determine if a non-interest bearing account becomes interest bearing and therefore disqualified for unlimited insurance coverage, triggering the notice requirement.

This is the only lingering effects of Reg Q I can think of.

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