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Fair Lending and Overdrafts

Answered by: 

Question: 
Can we have different overdraft limits based on account type?
Answer: 

Regulation B considers an overdraft to be an extension of credit. We can offer different limits by account type provided that the qualifications to obtain the account are not based on any prohibited basis.

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Learn more about Brian Crow’s webinar The Maze of Overdraft Compliance

First published on 09/27/2020

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