Q: Suppose a depository institution has account agreements with its "savings deposit" customers that require the depository institution to enforce the six transfer limit. Suppose further that the depository institution would like to amend those account agreements so that the depository institution no longer has a contractual obligation to enforce the six transfer limit on its "savings deposit" accounts. Does the interim final rule require the depository institution to amend those agreements in any particular way?
A: No. The interim final rule does not specify the manner in which depository institutions that choose to amend their account agreements may do so.