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#2256730 - 07/15/21 02:49 PM Statement generation
Comprunx3 Offline
Member
Joined: Oct 2015
Posts: 86
Can a FI stop producing (not mailing - producing) statements after 7 years of no activity if there are no ACH transactions or interest generated.

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Deposits and Payments
#2256731 - 07/15/21 02:56 PM Re: Statement generation Comprunx3
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
Not if they are not being returned undeliverable. Plus, at what point will you escheat the funds to the State?
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