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#1811270 - 05/06/13 03:54 PM Discontinued Passbook Savings Account
SunnyFL, CRCM Offline
100 Club
Joined: Sep 2004
Posts: 205
We no longer open new Passbook savings accounts although we will continue to service those that we do have. Can we remove them from our Schedule of Fees and Services (this is a short description of accounts offered, minimum balance reqirements, fees and charges, etc. A "pretty" brochure - separate from disclosures.)?

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Operations Compliance
#1811290 - 05/06/13 04:29 PM Re: Discontinued Passbook Savings Account SunnyFL, CRCM
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,629
Cape Cod
Yes. You don't have to provide disclosures on accounts you no longer offer as new accounts. You would continue, however, to provide existing account holders with any change in terms notices under Reg DD.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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