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If certain conditions are met, U.S. Treasury Checks must receive next day availability. I have found that the tool provided by the FDIC (link below) can be very helpful in determining the timeline for the different types of checks. The entire document is helpful, but the charts start 25 pages in…
Based on my understanding of the situation, I believe you would use the date of deposit, not the date of the notice. But also, wouldn’t you also have the option to charge it back and suspend the funds, pending the actual returned item?
Following up-
If we are depending on certain disclosures to be on the application, could they be posted on the bank’s website and not have to be delivered via an E-SIGN compliant method? If they are there and the customer chooses to download them electronically, then we’re not forcing it upon them to accept disclosures electronically. It was their initiative.
We’re using DocuSign for our loan disclosures. It has worked well so far. We vetted several vendors and found that many had different interpretations of demonstrable consent. We felt comfortable with DocuSign’s process.
If we are depending on certain disclosures to be on the application, could they be posted on the bank’s website and not have to be delivered via an E-SIGN compliant method? If they are there and the customer chooses to download them electronically, then we’re not forcing it upon them to accept disclosures electronically. It was their initiative.
I’m asking because we generally provide the apps on paper, but if they are forwarded to the customer to fill out via email, we are thinking they have to go through DocuSign unless they are to download them from the bank’s website.
Brody’s Cause, David Madrid, Citizens National Bank, Group 3
…because I like the cause. He’s giving the winnings back to the college that helped make him a success.
I will be attending. I have been to state conferences and schools, but never the ABA conference. I am looking forward to it.
