Posted By: Mickey
Access device Application - 02/25/03 08:20 PM
We currently require all customers sign an application when signing up for Telephone banking. Other banks have open enrollment where they can call telephone banking and sign up right then. My question is....is there any requirement that we must have a signed application? I don't see anything in Reg E stating we must have a written application. My people would like to start open enrollment and as of now I can't find anything saying this is not permissible.
Reg E says we can not issue an access device without written or oral authorization from the cusotmer. Would this constitute oral authorization?
Reg E says we can not issue an access device without written or oral authorization from the cusotmer. Would this constitute oral authorization?