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#911712 - 02/27/08 09:02 PM Reg DD -fees on the stmt
Compliance2U Offline
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Compliance2U
Joined: Apr 2006
Posts: 110
Midwest
Is it o.k. on a periodic checking statement to just list each fee involved with online bill pay as "online billpay fee"? The fees may be for any transaction that initiated with the bill pay feature, such as stop pay, return item, etc. Or do we need to itemize each fee since we don't total them and itemize the monthly total at the bottom of the statement? HELP!!

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#912081 - 02/28/08 03:23 PM Re: Reg DD -fees on the stmt Compliance2U
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
230.6 (3) Fees imposed.

Fees required to be disclosed under Sec. 230.4(b)(4) of this part that were debited to the account during the statement period. The fees shall be itemized by type and dollar amounts. Except as provided in ยง 230.11(a)(1) of this part, when fees of the same type are imposed more than once in a statement period, a depository institution may itemize each fee separately or group the fees together and disclose a total dollar amount for all fees of that type.
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