We are eliminating some outdated deposit products and converting these customers to our standard products. The changes to the accounts are minimal, if any othr than what the account type is called. My question is must we send complete new disclosures or can we send a letter stating what the changes are?

When we did this, we sent a letter 30 days before the change with a table showing changes - because there were things changing. We also included a new TISA disclosure.

We followed the procedures described by rrush.

Thank you!

There is no uniform answer. If any change involves something that is required to be in a TISA disclosure, then you follow TISA's rules. You would make the decision one account type at a time.