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#895597 - 01/29/08 06:10 PM Reg CC - Customer Notice of Hold
phantom Offline
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phantom
Joined: Oct 2005
Posts: 8
Virginia
What are the required components to disclose on the customer Notice of Hold form for Reg CC? Is amount of deposit required?

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Audit
#895776 - 01/29/08 09:41 PM Re: Reg CC - Customer Notice of Hold phantom
'Lil Freak! Offline
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'Lil Freak!
Joined: Sep 2005
Posts: 10,595
The psych ward
For case-by-case delays you only need to disclose the amount of the deposit that is being delayed (§229.16)
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No, I didn't lose my mind. It got scared and ran away.

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#895907 - 01/30/08 02:37 AM Re: Reg CC - Customer Notice of Hold 'Lil Freak!
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 77,209
Galveston, TX
Actually, there are four required disclosures:

The notice shall include the following information--
(A) A number or code, which need not exceed four digits, that identifies the customer’s account.
(B) The date of the deposit;
(C) The amount of the deposit that is being delayed; and
(D) The day the funds will be available for withdrawal.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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