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#2199355 - 11/29/18 02:09 PM Truth in Savings and Electronic Funds Transfer
Likes to Comply Offline
Diamond Poster
Joined: Nov 2008
Posts: 1,062
In the mountains
We would like to put our customers on notice that we can alert them by telephone, text messaging and email regarding suspected fraud, suspicious activity or identity theft and security data breaches. Are there any restrictions in TIS or EFT rules that indicate that we cannot add anything more than the required disclosures?
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Operations Compliance
#2199515 - 11/30/18 04:36 PM Re: Truth in Savings and Electronic Funds Transfer Likes to Comply
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,796
Cape Cod
None. TISA and EFTA disclosures can be combined into a comprehensive document, and there's no prohibition on adding more information. I do suggest that you keep this info on security alerts separate from the TISA/EFTA info (they can go in the same omnibus document (such as a disclosure pamphlet) but should be in their own section of the document).
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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