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Substitute Disclosures required?

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Question: 
Do we give out substitute disclosures at new accounts?
Answer: 

No. Institutions quit mailing out checks and statements many years ago. Your only requirement now would be to give out when you charge back a substitute check.

Learn more about Deborah Crawford's
New Account Procedures-40 Ownership Typesg webinar.

First published on 01/07/2024

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