Are notices required for AFT payments on loans, specifically changes in payments on variable rate products (commercial and consumer)? We have variable rate loan customers who were used to getting these statements so they could fund their accounts before the payment was taken.

From the definitions in Reg E, it would appear that notices are NOT required for AFT's, but for automatic (preauthorized)payments from outside the institution, they would be (ยง205.10(d)(1)).