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Truncated account number on notices

Question: 
When identifying a consumer’s deposit account in a notice under the Payday Lending Rule, can we use a truncated account number?
Answer: 

Yes. In fact, if you provide the account number to identify the consumer’s deposit account, the complete number cannot be used. You must truncate the number as illustrated on the model forms.

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First published on 07/14/2019

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