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#2188065 - 08/05/18 12:06 AM Reg E Annual Notice Electronic
Anonymous
Unregistered

“Reg E subpart A (1005.8 (b)) related to the annual error resolution notice requirement states that the notice must be "mailed or delivered" on an annual basis. Is it ok to post the notice to the website for consumers to view or is that not enough to meet the requirement, if they have agreed to receive electronic notifications?

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#2188068 - 08/05/18 02:20 AM Re: Reg E Annual Notice Electronic Anonymous
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,179
Toano, VA
Section 1005.4(a)(1) says "the disclosures required by this part may be provided to the consumer in electronic form, subject to compliance with the consumer-consent and other applicable provisions of (ESIGN)." If post-notice-on-website was included in your preconsent disclosures and tested as part of the "test drive" accompanying the act of consenting, then you're covered. The fact that you're asking this question suggests that this delivery method is an afterthought or a unilateral change.
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