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#530454 - 04/11/06 09:24 PM Periodic Statements
1944 Offline
Junior Member
Joined: Jul 2004
Posts: 36
I know Reg DD states that we don't have to send a periodic statement and Reg E states that we have to for EFT activity, but is there any other regulation that tells me I have to send a periodic statement?

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#530455 - 04/19/06 11:07 AM Re: Periodic Statements
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Regulation E is the only regulation that requires a periodic statement be sent. While regulation DD does not require sending a statement, it does affect the content of any periodic statement you send. The uniform commercial code marks the time in which the customer has to review a statement from the time the statement is sent, but contains no explicit requirement to send a statement.

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