Skip to content

Reg On Negative Balance Accts from OD Privilege

Question: 
What regulation (section, paragraph, etc.) states that accounts with a negative balance as a result of utilizing overdraft privilege will be closed after 'X' number of days?
Answer: 

by Randy Carey:
Here is one resource, refer to Classification and Charge-Off.

https://www.occ.treas.gov/publications/p...ated-credit.pdf

Or the 2005 Interagency OD Guidance:

https://www.fdic.gov/news/news/financial/2005/fil1105.html

Answer: 

by Jim Bedsole:

Note that in the interagency guidance document Randy provided, the section that talks about charge offs (Safety & Soundness Considerations) says it applies to ALL overdraft balances, not just those created by a formal OD protection program.

First published on 11/26/2017

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics