Hello BOL World! I am brand-spankin' new to BOL threads, but I'm loving them so far! I'm also pretty new to my Compliance position, so I really need all the help I can get!
In my shop, we are considering getting rid of our formal "certificates" of deposits - the real, tangible piece of paper that customers can't seem to keep tabs of. Instead, we are considering issuing just the number, a receipt, and the proper terms and disclosures to the customer.
Do any of you do something similar to this, or know of any reason we should not? Frankly, we are getting tired of babysitting the documents for our customers.
Thanks for your help!
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Me, Type A? Maybe - I'm not done analyzing it yet.