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  • Cfpb Model And Sample Pre-acquisition Disclosure Forms For Prepaid Accounts 2016

Get Cfpb Model And Sample Pre-acquisition Disclosure Forms For Prepaid Accounts 2016-2025

Nder the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z). The final rule establishes pre-acquisition disclosure requirements specific to prepaid accounts. Under the final rule, financial institutions must generally provide both a short form disclosure and a long form disclosure before a consumer acquires a prepaid account. The final rule itself as well as a number of related materials are available at www.consumerfinance. gov/prepaid-rule. In.

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Overdraft Related content

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12 CFR § 1005.18 - Requirements for financial...
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The long form must include: the name of the prepaid account program; information about all fees the credit union may impose in connection with the prepaid account; a statement regarding registration and NCUA share insurance; and a statement regarding linked overdraft credit features, among other information.

Notice Duties to Customers: A financial institution must provide an initial notice of its privacy policies and practices to each customer, not later than the time a customer relationship is established.

State Administrators are requested to provide this information to all staff responsible for implementing the requirements of 12 CFR Part 1005 (Regulation E), which includes regulation of prepaid accounts, such as prepaid debit cards that disburse non-needs tested government benefits.

A financial institution must provide a notice of its privacy policies and practices with respect to both affiliated and nonaffiliated third parties, and allow the consumer to opt out of the disclosure of the consumer's nonpublic personal information to a nonaffiliated third party if the disclosure is outside of the ...

The Prepaid Rule requires prepaid account issuers to submit their prepaid account agreements to the Bureau. Issuers must make a submission whenever a new agreement is offered, a previously submitted agreement is amended, or a previously submitted agreement is no longer offered.

Section 1005.18(b)(9)(i)(C) requires a financial institution to provide pre-acquisition disclosures in a foreign language if the financial institution provides a means for the consumer to acquire a prepaid account by telephone or electronically principally in that foreign language.

The Prepaid Rule requires that the card issuer provide two disclosures, a long form and a short form, before a cardholder receives a prepaid card. Both forms describe fees, FDIC insurance, and contact information in varying detail.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232