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#1740284 - 09/12/12 06:49 PM Reg E Disclosure vs Application
Compliance Lover Offline
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Posts: 555
Is it necessary for a new account customer to sign a copy of the EFT disclosure for us that states they have received it?
(This is in addition to their ATM/Debit card application)
The form has the signature line built in, but to my knowledge there is no such requirement in Reg E.

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eBanking / Technology
#1740319 - 09/12/12 07:36 PM Re: Reg E Disclosure vs Application [Re: Compliance Lover]
John Burnett Online
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John Burnett
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Cape Cod
And to my knowledge, you are correct. It's not required. Your well-documented and correct procedures for providing the disclosures are all that is required.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
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#1740337 - 09/12/12 07:52 PM Re: Reg E Disclosure vs Application [Re: John Burnett]
Compliance Lover Offline
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Joined: Aug 2008
Posts: 555
Ok, thanks.

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