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Annual Disclosure In Lobby- Section 350.7

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Question: 
Curious if the Annual Disclosure in the lobby for customers and general public require the phrase "The first copy of the annual disclosure statement shall be provided to a requester free of charge in regards to Section 350.7"
Answer: 

The notice has to indicate that the statement is available and provide an address and telephone number to which a request for a copy of the statement must be directed.

Although the first copy of the statement must be provided free of charge, that fact does not have to be included in the notice. I suggest that including that fact in the notice is a good idea, if you charge for more than one copy.

First published on 08/23/2015

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