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When notifying customers of a Unsecured LOC annual fee change, do we have any latitude in changing the format of G-21? Can the information be disclosed in a letter rather than the recommended tabular format?
Please and thank you.
The format requirements in 1026.9(c)(2)(IV)(D) state that the disclosure needs to be substantially similar to the model format. I don’t think a letter format would be substantially similar.
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