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#721840 - 04/25/07 06:20 PM Reg O - Overdrafts - Joint accounts
wanted Offline
Member
wanted
Joined: Oct 2001
Posts: 99
United States
When a director or executive officer has more than one joint checking account, does all the accounts need the REG O overdraft protection? Example: Director has personal checking account and also has joint checking account with an adult child.

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Lending Compliance
#722166 - 04/26/07 03:55 AM Re: Reg O - Overdrafts - Joint accounts wanted
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
If he is a joint owner - yes.
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#722544 - 04/26/07 05:00 PM Re: Reg O - Overdrafts - Joint accounts wanted
wanted Offline
Member
wanted
Joined: Oct 2001
Posts: 99
United States
Thanks for responding. I will now finish the project/review.

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