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#203420 - 06/23/04 04:47 PM Revision to Reg V - Model Notices
Beeba Offline
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Beeba
Joined: Jan 2002
Posts: 10
Amarillo, TX
Are we to give the negative information notice just approved under Regulation V to overdrawn DDA accounts if we report to agencies such as CheckSystems? The definition of "credit" under ECOA indicates to me that it includes any debt - loans as well as overdrawn accounts. I'm assuming that CheckSystems is considered a "nationwide consumer reporting agency".

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#203421 - 06/24/04 02:03 PM Re: Revision to Reg V - Model Notices
Anonymous
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yes for your reasons stated.

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#203422 - 06/24/04 02:25 PM Re: Revision to Reg V - Model Notices
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,269
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Yes. Your conclusions are correct.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#203423 - 06/24/04 03:27 PM Re: Revision to Reg V - Model Notices
Anonymous
Unregistered

When it becomes effective...right?

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#203424 - 06/24/04 04:01 PM Re: Revision to Reg V - Model Notices
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,269
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I believe the mandatory date is 12-4-04.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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