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#1548690 - 05/10/11 02:55 PM CD maturity notices
SUSANE1 Offline
Platinum Poster
Joined: Mar 2008
Posts: 808
refresh memory... how far in advance do you send a maturity notice and also... for interest notice?

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Operations Compliance
#1548799 - 05/10/11 04:02 PM Re: CD maturity notices SUSANE1
Y'all Comply Offline
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Y'all Comply
Joined: Aug 2010
Posts: 214
Land of Pears
See Regulation DD Sec. 230.5 Subsequent disclosures it depends on the term of the CD.

(b) Notice before maturity for time accounts longer than one monththat renew automatically
(1) Maturities of longer than one year
(2) Maturities of one year or less but longer than one month

(c) Notice before maturity for time accounts longer than one year that do not renew automatically
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#1549595 - 05/11/11 05:55 PM Re: CD maturity notices Y'all Comply
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
Interest notices are not required, they are a customer courtesy.
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