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POD Beneficiary Signing Security Agreement

Answered by: 

Question: 
Does a POD beneficiary of a pledged CD, or Savings account need to sign the security agreement?
Answer: 

No, they have no ownership in the account, and the owner can change the POD beneficiary at any time.

First published on BankersOnline.com 3/13/06

First published on 03/13/2006

Filed under: 
Filed under lending as: 
Filed under security as: 

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