Disclosures to Open a Certificate of Deposit Acct.

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Question:

What disclosures are required to open a certificate of deposit account?

Answer:

Regulation DD's account disclosure requirements are found in Section 1030.4(b) Some of those listed would not be relevant to a time deposit and need not be made. Those found in subparagraph (6) are unique to time deposits.

First published on BankersOnline.com 3/26/12