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#1951064 - 08/08/14 06:49 PM TIS and change to renewing CD
SouthoftheBorder Offline
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Joined: Feb 2002
Posts: 335
The South
A CD matures and customer wants to renew CD but wants to take out some funds. We do not provide a new CD. We do an internal change form that we send to Operations and provide a copy of the change form to the customer. Are we 'OK' by not providing a new TIS disclosure?

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#1951079 - 08/08/14 06:55 PM Re: TIS and change to renewing CD SouthoftheBorder
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,352
Galveston, TX
What terms required to be disclosed under Reg. DD changed from those that were included in the renewal notice???
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1951116 - 08/08/14 07:28 PM Re: TIS and change to renewing CD rlcarey
SouthoftheBorder Offline
Gold Star
Joined: Feb 2002
Posts: 335
The South
If we give a different rate/term as disclosed on the renewal notice is a new TIS required.

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#1951364 - 08/09/14 01:35 PM Re: TIS and change to renewing CD SouthoftheBorder
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,352
Galveston, TX
Yes. It is no longer the same CD.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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