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Truth in Savings

NCUA · final-rule · Published 2006-04-26 · Effective 2005-12-08 · 71 FR 24568

Document

Document number
06-3916
Federal Register citation
71 FR 24568
CFR reference
12 CFR 707
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2006-04-26
Effective date
2005-12-08

Abstract

As required by the Truth in Savings Act, NCUA is finalizing its rule and official staff interpretation to address the uniformity and adequacy of information provided to members when they overdraw their share accounts. The amendments address services referred to as "bounced-check protection" or "courtesy overdraft protection" that credit unions may use to pay members" checks and allow other overdrafts when there are insufficient funds in the account.

Source

Authoritative
Federal Register document
Machine
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