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Reg E Error Resolution Disclosure Requirements

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Question: 
If we do not open accounts over our web site, does the Reg E Error Resolution information need to be a disclosure on the web site?
Answer: 

205.7(a) requires you to disclose prior to an EFT. If they do not enter into their contract on-line or engage in covered e-transactions, snail mailing the disclosures is adequate.

First published on BankersOnline.com 3/3/03

First published on 03/03/2003

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