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#462087 - 11/28/05 04:07 PM Reg D CD withdrawal w/out penalty
02bonne Offline
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Joined: Nov 2005
Posts: 620
I recently got a list of CDs that were closed without penalty and the email mentioned something about reg D, but never mentioned why it was monitored. What reg D concern would there be about customers withdrawing CDs without penalty?

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#462088 - 11/28/05 04:47 PM Re: Reg D CD withdrawal w/out penalty
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,468
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Get to some of the basics of the Reg. Go to this 204.2 section of Reg. D, do an Edit > Find (on this page) and enter "early" as your key word. You'll see the information on early withdrawal penalties.

I'll discuss this in my Auditing Deposit Products webinar. (The promo material isn't there yet, bit will be soon.)
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#462089 - 11/28/05 05:22 PM Re: Reg D CD withdrawal w/out penalty
02bonne Offline
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Joined: Nov 2005
Posts: 620
Thanks, that helped alot. Makes sense now.

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