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#2214965 - 06/05/19 12:04 PM POS (point of sale) Booklet and account disclosure
CU3840 Offline
Junior Member
Joined: Jun 2019
Posts: 38
As Reg Z requires account disclosures, how do other banks ENSURE the point of sale booklet is given to a customer to review prior to applying in the store?

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Operations Compliance
#2215022 - 06/05/19 05:23 PM Re: POS (point of sale) Booklet and account disclosure CU3840
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,923
Galveston, TX
What is a "point of sale booklet"??
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2215054 - 06/05/19 07:43 PM Re: POS (point of sale) Booklet and account disclosure rlcarey
CU3840 Offline
Junior Member
Joined: Jun 2019
Posts: 38
Like a brochure, it contains the important info about your account, account summary table, cardholder agreement and customers billing rights, etc. All the Reg Z required disclosures a customer can read before applying for the account.

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#2215056 - 06/05/19 08:18 PM Re: POS (point of sale) Booklet and account disclosure CU3840
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,923
Galveston, TX
As far as I am aware, the required disclosures have to be on the solicitation/application form. So I am a little confused.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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