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#2054425 - 12/16/15 04:35 PM adverse action needed?
Banker57 Offline
Gold Star
Joined: Jul 2010
Posts: 439
Minnesota
When closing a deposit account due to repeated Reg D violations is an Adverse Action Notice required? Or simply a final letter stating the account has been closed here is a check for the final balance? The consumer has already been sent the first, second and third letters informing what action will be taken,

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Deposits and Payments
#2054437 - 12/16/15 04:53 PM Re: adverse action needed? Banker57
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Adverse action rules do not apply to closing a checking account. Just send a letter.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#2054438 - 12/16/15 04:54 PM Re: adverse action needed? Banker57
Banker57 Offline
Gold Star
Joined: Jul 2010
Posts: 439
Minnesota
Thank you Kathleen!

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