1. No, unless a state law includes such a requirement
2. It's not incorrect to provide an APY on a business account, but it might lead someone to believe that other aspects of Truth in Savings Act or Regulation DD requirements will apply, and that's not true.
3. There are no stupid questions.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8