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#1616586 - 10/17/11 08:50 PM CTR Exemptions
Daylily Offline
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Joined: Apr 2009
Posts: 13
Georgia
If someone that is currently exempt closes their account, are we required to file a revocation of the exemption?

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#1616625 - 10/17/11 09:50 PM Re: CTR Exemptions Daylily
PeeWee Offline
Gold Star
Joined: Aug 2007
Posts: 254
No, you are not required to file a revocation.

Per the exemption form, "A bank may, but is not required to, use this form to notify the Treasury that the bank has revoked the designation of a customer as an exempt person."

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#1616707 - 10/18/11 12:52 PM Re: CTR Exemptions PeeWee
Daylily Offline
New Poster
Joined: Apr 2009
Posts: 13
Georgia
Thank you!

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