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Longevity of Online Statements

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Is there a rule in place for how long a bank must make online account statements readily available to their customers who utilize the internet to pull their statements from the bank?

90 days based on the interim rules.

Section 205.17 Requirements for electronic communication.

2. 90-day rule. The actual disclosures provided to the consumer must be available for at least 90 days, but the financial institution has discretion to determine whether they should be available at the same location for the entire period.

First published on 6/3/02

First published on 06/03/2002

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Filed under technology as: 

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