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Reg O Overdraft Monitoring-Business DDA Accounts

As it pertains to Reg O and overdraft monitoring: Are business DDA accounts ​for​ which directors are signers to be included in the overdraft monitoring process?

by Randy Carey:

Related interests are not subject to the fee restrictions but an overdraft is a loan and may need prior board approval depending on the amount of credit outstanding to the director and their related interests.


by John Burnett:

In the event the business account is a sole proprietorship owned by the director, it would be treated the same as the director's personal account(s) for Reg O purposes.

First published on 12/24/2017

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