Reg E is “use dependent”

Answered by:

Question:

I have heard that business accounts do not fall under Reg E. How does this apply to internet banking and what about a business account that is a sole proprietorship?

Answer:

Reg E is concerned with consumer asset accounts as these are subject to Reg E, but business accounts are not. This alone may save you money, time and trouble.
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A – Z of Reg E