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#1092861 - 12/05/08 08:17 PM HSA and Reg DD
gadawg1 Offline
Gold Star
Joined: Sep 2006
Posts: 419
Georgia
Are HSA subject to the requirements of Reg DD?

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Deposits and Payments
#1093108 - 12/06/08 04:22 PM Re: HSA and Reg DD gadawg1
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,367
Galveston, TX
If they are held in a deposit account - yes:

Sec. 230.2 Definitions.

For purposes of this part, the following definitions apply:

(a) Account means a deposit account at a depository institution that is held by or offered to a consumer. It includes time, demand, savings, and negotiable order of withdrawal accounts. For purposes of the advertising requirements in Sec. 230.8 of this part, the term also includes an account at a depository institution that is held by or on behalf of a deposit broker, if any interest in the account is held by or offered to a consumer.
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