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#2231992 - 02/27/20 10:25 PM Format of early withdrawal penalty change for CD's
Oursisnottoreasonwhy Offline
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Oursisnottoreasonwhy
Joined: Nov 2004
Posts: 503
Central Illinois
If we are wanting to change our early withdrawal penalties, do we have to disclose what the old penalty was and what the new penalty going forward will be, on the maturity notices that we send out? Or can we simply disclose on the maturity notice the new penalties? Should the new penalties be highlighted in any manner or listed in the same format and font as the rest of the notice??

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#2231998 - 02/27/20 10:50 PM Re: Format of early withdrawal penalty change for CD's Oursisnottoreasonwhy
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,353
Galveston, TX
Just the new penalties going forward.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2232009 - 02/28/20 01:30 AM Re: Format of early withdrawal penalty change for CD's Oursisnottoreasonwhy
Oursisnottoreasonwhy Offline
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Oursisnottoreasonwhy
Joined: Nov 2004
Posts: 503
Central Illinois
Thanks RL

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