We, too, use Deposit Pro and it looks like the one in the draft release notes matches the model form. We received a draft of the release notes, but also this message from them in answer to some specific questions we had:
A: I have attached DRAFT Release Notes applicable to the Texas Uniform Account Selection Form for your review. DepositPro plans to make the four changes listed below in the August release: 1) Deposit Pro uses a forward slash where the word “OR†should be. The following is from the Model Form…UNIFORM SINGLE-PARTY OR MULTIPLE-PARTY ACCOUNT SELECTION FORM NOTICE: 2) Some of the other words vary from the Model Form…for example, the Model Form uses the word “beneficiaries†where our Form uses the variation of “beneficiary(ies)…see highlighted below. 3) In some instances, Deposit Pro has left out words altogether…Where the word “name(s)†is highlighted below, it should read as name or names as shown on the Model Form. 4) Lastly, the Model Form uses numbers in front of each account Category. Deposit Pro Form does not. Our Texas counsel recommended that we make the four changes listed above identified. He recommended that we not add initial lines to the right-hand side of the form as the form would then definitely vary from the statutory form. He also indicated orally that he felt that would confuse the account selection purpose of the form. He indicated that, with these changes, that there should be no need to make the change to 14-point bold font for forms that vary from the statutory form. We have entered the following change request to make those changes: 194890. Form will be available in English only.
As a side bar - I've received differing legal opinions regarding the "other language" requirement. Some say if you use the model form, you don't need to worry about it being in another language even if the discussions are in another language. Some say you do. It's all in how you read/interpret the Act, and there's no additional guidance at this point. What I gather, though, from that information we got from DepositPro is that they feel their form meets the model, so it only needs to be in English.
The challenge we are having is how to make this form work with our online account opening format. We use Andera for online account opening, but it uses our Deposit Pro products. So, how do we essentially get that in a format where the customer "initials" on the left for just one paragraph, and then "initials" on the right for every paragraph?
What's been suggested to me at this point, is basically a radial button for the customer to choose the type, then a place where they check a box stating that they've read/reviewed the entire document, but that just doesn't seem to really match the requirement. I think there's a reason they wanted each separate paragraph initialed vs allowing a blanket statement of agreement. What I'm being told is it is going to be very costly if we have to work with D + H to get this to actually do initials in all the spots necessary.