Answer by David Dickinson:Possibly the Reg E error resolution notice if your institution doesn't provide a notice with each statement. [205.8(b)]
Answer by John Burnett:If an open-end creditor doesn't provide a short-form billing rights disclosure with each periodic statement, a long-form disclosure of those rights is an annual requirement. To be totally accurate, the requirement is that the long-form notice be delivered at intervals of not less than 6 months and not more than 18 months. Refer to Regulation Z, sections 226.6 and 226.9.
Answer by Andy Zavoina:Loans with RESPA escrow would see an annual statement as well. What isn't mentioned here is any state imposed requirement. Some states have this for varied topics such as such as ATM security tips.
First published on BankersOnline.com 10/23/06