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#1940771 - 07/14/14 10:03 PM change of address notice
newbank Offline
Member
Joined: Dec 2007
Posts: 78
If the customer has made a change of address, is it required to send the notice to customer after change made?
Currently, we don't send out the notice.

Thanks.

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#1940796 - 07/15/14 12:22 PM Re: change of address notice newbank
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,414
There is no regulation requiring this. It might be a good practice/control to verify the address change.

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#1941756 - 07/16/14 07:24 PM Re: change of address notice newbank
bluesky Offline
Member
Joined: Jul 2005
Posts: 85
Years ago we implemented a process of sending a letter to the old address and the new address. This is an area for potential fraud, we think it's good practice.

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