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#1835613 - 07/23/13 06:06 PM 30 minute rule
HR Banker Offline
Diamond Poster
Joined: Oct 2002
Posts: 1,027
If we do not meet the definition of remittance transfer provider based on the exemption of 100 or less then does that mean that the 30 minute cancellation rule also does not apply to us?

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Remittance Transfer Rule
#1835640 - 07/23/13 06:36 PM Re: 30 minute rule HR Banker
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Since it is a requirement of subpart B of Regulation E, and because you're exempt from compliance with subpart B, you would not be subject the 30-minute cancellation rule.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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