Web Page Funds Availability Disclosures

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Question:

On our Deposit Accounts web page, we discuss the types of accounts we offer. An account cannot be opened on our web site. Do we need to place our Funds Availability Disclosure on the page?

Answer:

The only reason you would need to place Reg CC disclosures on your web site would be that you have discontinued delivering these disclosures in paper form. Even if you add an online application for new transaction accounts, you can still give paper disclosures if you can deliver them in a timely fashion.

First published on BankersOnline.com 9/15/03