TISA / NCUA – Under TISA and the NCUA’s regulation, what are the maturity notice requirements for term share accounts longer than one year that do not renew automatically?

Compliance > Regulation DD - TISA
Q:  Under TISA and the NCUA’s regulation, what are the maturity notice requirements for term share accounts longer than one year that do not renew automatically?
 
A:     For term share accounts with a maturity longer than one year that do not renew automatically at maturity, credit unions shall disclose to members the maturity date and whether dividends will be paid after maturity. The disclosures shall be mailed or delivered at least 10 calendar days before maturity of the existing account.
 
 
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