Regulatory Requirements For Dormant Accounts

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Question:

Where in the regs do you go to find more information on dormant accounts? Example: can you close a dormant or inactive account with a very small balance, and what fees can you charge on a dormant or inactive account?

Answer:

These are all state rules and you should check with local counsel or the state association for more background.

First published on BankersOnline.com 7/15/02