Skip to content

Sending Statements for Accounts with Zero Balances

Answered by: 

A customer has a zero balance on a home equity or prime line. Are we still required to send a statement?

If there was debit or credit activity during the billing cycle, yes. If there was no debit or credit activity, no.

First published on 10/04/10

First published on 10/04/2010

Filed under: 
Filed under lending 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