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#1760988 - 11/27/12 04:42 PM MO - Max CD Penalty
Slowpanic Offline
100 Club
Slowpanic
Joined: Mar 2010
Posts: 119
USA
I have looked but haven't been able to find any on this. Is there a max amount that can be charged as an early withdraw penalty for CD's? I know there is a minimum, but we are looking to change what we currently charge and I don't want to be out of compliance. Thanks

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#1761007 - 11/27/12 05:06 PM Re: MO - Max CD Penalty Slowpanic
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 78,632
Galveston, TX
A quick scan of MO banking laws and regulations did not turn up any mention of early withdrawal penalties.
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#1761029 - 11/27/12 05:27 PM Re: MO - Max CD Penalty Slowpanic
Slowpanic Offline
100 Club
Slowpanic
Joined: Mar 2010
Posts: 119
USA
Thank You. I agree, I couldn't find anything either. Just checking with the experts. Thanks

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#1761908 - 11/28/12 08:47 PM Re: MO - Max CD Penalty Slowpanic
buggs Offline
Power Poster
Joined: May 2005
Posts: 8,487
Missouri law is silent on the question, which means you can charge whatever you wish, as long as the feds don't think it's unfair, deceptive, or abusive. wink

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