Posted By: ComplianceGuru89, CRCM
Safety Deposit Box - 06/28/18 02:56 PM
I've been posed with several safety deposit box questions, but I'm having some difficulty finding guidance... What type of notices need to be sent to the consumer if we were to remove the boxes from a location? No longer offering that service at that particular location. I found information if we were closing a branch with boxes, but the branch will still be open.
Also, are we able to restrict box openings to only consumers with other accounts with us? (loan, DDA, SAV, etc) My gut is telling me no, but I haven't found anything in writing that backs that feeling.
Sorry if it seems like a stupid question. I just can't find what I need
Also, are we able to restrict box openings to only consumers with other accounts with us? (loan, DDA, SAV, etc) My gut is telling me no, but I haven't found anything in writing that backs that feeling.
Sorry if it seems like a stupid question. I just can't find what I need