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Reply To: Periodic Statement

Home Forums Truth in Savings Act/ Regulation DD Periodic Statement Reply To: Periodic Statement

#12121

rcooper
Keymaster

As you stated, Reg DD does not apply to business accounts, so you are not required to comply with the statement requirements and I’m not aware of similar requirements for business accounts. With that said, it may be beneficial to customers for you to include this information at no extra effort on your behalf. You should also review your account agreement to ensure you are providing the information/frequency agreed upon in the contract.