Notice of ATM/Night Deposit Facility User Precauti

Posted By: Patricia

Notice of ATM/Night Deposit Facility User Precauti - 05/08/19 07:41 PM

Can the Notice of ATM/Night Deposit Facility User Precautions be a separate disclosure or does it need to be included in the Reg E initial disclosure?
Posted By: Adam Witmer

Re: Notice of ATM/Night Deposit Facility User Precauti - 05/09/19 12:02 PM

Well, I'm not sure what exactly you include in that notice. If any of the items required to be disclosed in 1005.7 are included in that notice (and not also included elsewhere in your EFT disclosure), then it should be included. While night deposits are not EFTs (and thus not needed in the EFT disclosure), certain ATM disclosures would need to be in your EFT disclosure (such as ATM limits, fees etc.)
Posted By: rlcarey

Re: Notice of ATM/Night Deposit Facility User Precauti - 05/09/19 01:12 PM

This notice would be based on State law. It is in Texas.