Skip to content

Is a voicemail a Reg E Claim?

Answered by: 

Question: 
If a consumer leaves a voicemail stating name and account number and that there are a couple Amazon charges on their account that are not theirs, is that a valid notification of claim? Sometimes we cannot get back in touch with a member and if they didn't state specifically a date and amount does this still start the investigation timeclock?
Answer: 

Notice from the consumer (1005.11(b)) requires that the bank be able to identify the customer and account and why they believe an error has happened. It could be the person’s name and account number, but

they could have a unique name that clearly identifies them or a SSAN as an example. If the person says $100 was taken the bank should quickly review transactions. If there is one debit in that amount that may well be it. If there are multiple $100 transfers, or multiple transfers that could total $100 then it is not clear. In your example, if there is one Amazon charge on the account that would identify it. If there are many and the customer has a history of charges there, I would say clarification is needed. In that event I would say the bank has not been notified correctly as there is no expectation that every single or series of debits totaling the claim amount or to Amazon, be investigated.

In that case attempts should be made to call, email, text, contact via internet banking or snail mail the customer for clarification. Document your efforts and why the description was considered insufficient.

First published on 11/28/2021

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