Disclosure acknowledgment.

CFR · 2024-01-01 · US · Title 12

(a) (1) The institution is not federally insured; and (2) If the institution fails, the Federal Government does not guarantee that the depositor will get back the depositor's money. (b) (1) The institution has obtained the depositor's signed written acknowledgement described in paragraph (a) of this section; or (2) The institution makes an attempt, sent by mail no later than 45 days after the effective date of the conversion or merger, to obtain the acknowledgment. In making such an attempt, the institution must transmit to each depositor who has not signed and returned a written acknowledgement described in paragraph (a) of this section: (i) A conspicuous card containing the information described in paragraphs (a)(1) and (2) of this section, and a line for the signature of the depositor; and (ii) Accompanying materials requesting the depositor to sign the card, and return the signed card to the institution. (c) (i) The depositor has signed a written acknowledgement described in paragraph (a) of this section; or (ii) The institution has transmitted to the depositor: (A) A conspicuous card containing the information described in paragraphs (a)(1) and (2) of this section, and a line for the signature of the depositor; and (B) Accompanying materials requesting that the depositor sign the card, and return the signed card to the institution. (2) An institution described in paragraph (c)(1) of this section must have made the transmission described in paragraph (c)(1)(ii) of this se

official document · source cfr-2024 · id 12:§ 1009.5