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#46320 - 12/02/02 08:06 PM MMDA disclosures
Anonymous
Unregistered

MMDA account for a partnership, will EFT and Reg CC disclosure apply?
Thanks for your help!!

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Operations Compliance
#46321 - 12/02/02 08:24 PM Re: MMDA disclosures
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,750
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"E" is a consumer reg so it won't apply to a business account. "CC" is not strictly a consumer reg so it could. Being a "savings" account though, it is excluded under the definitions (see the OSC). (I answered a "CC" question, AND I had a filling done at lunch. )
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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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#46322 - 12/02/02 08:26 PM Re: MMDA disclosures
Lestie G Offline

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Joined: May 2002
Posts: 3,608
Near the Land of Enchantment
Fillings, kidney stones, being deleted from BOL - you're just really having a rough week! Maybe trials and adversity make CC not seem so yukky.
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Opinions my own.

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#46323 - 12/02/02 08:33 PM Re: MMDA disclosures
Andy_Z Offline
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Andy_Z
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Posts: 27,750
On the Net
AND the OCC published its Q1-03 CRA schedule today. I'm there.
_________________________
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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#46324 - 12/02/02 08:38 PM Re: MMDA disclosures
Anonymous
Unregistered

you are right Andy, it is excluded from Reg CC account definition. Reg CC commentary 229.2(a)

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#46325 - 12/02/02 08:42 PM Re: MMDA disclosures
complyguy Offline
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complyguy
Joined: May 2001
Posts: 494
PA
Andy - I thought the conditions were Reg CC and a ROOT CANAL! What's up? Still not up to speed coming back from vacation?

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#46326 - 12/02/02 10:01 PM Re: MMDA disclosures
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,750
On the Net
A filling was as close as I could get. And kidney stones is NO vacation. I assure you of that.
_________________________
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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#46327 - 12/03/02 02:12 PM Re: MMDA disclosures
complyguy Offline
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complyguy
Joined: May 2001
Posts: 494
PA
Sorry, Andy. I skipped over the part about kidney stones. I'll bet you wish you could have, too.

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#46328 - 12/03/02 03:18 PM Re: MMDA disclosures
Anonymous
Unregistered

Been there had that. Its no walk in the park or should I say "Its a real pain in my back".

Andy, hope you're feeling better and welcome back on BOL.
Hey, BOL calm down we'll be all right. We're really getting way too paranoid around here...anyway, welcome back, Andy.

p.s. You just gotta believe!



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