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Are Notices Required When CDs Compound?

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Are notices required on CDs when they compound? What Regs apply to it?

No such notices are required. What is required, depending on the initial term of the CD account, is a pre-maturity notice that will include certain information about how the CD will or won't automatically renew.

First published on 9/15/08

First published on 09/15/2008

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Filed under compliance as: 

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