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Dormant Notice on Certificates of Deposit

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Question: 
Are we required to send a Dormant Notice on Certificates of Deposit regardless of the length of the CD? I believe that if there is no customer contact after the first renewal it should fall under the dormant laws and/or regs.
Answer: 

The answer to this will be based on your specific state's unclaimed property laws.

First published on BankersOnline.com 10/04/10

First published on 10/04/2010

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