Account disclosures.

CFR · 2024-01-01 · US · Title 12

(a) (ii) (2) (ii) In providing disclosures upon request, the institution may: (A) Specify an interest rate and annual percentage yield that were offered within the most recent seven calendar days; state that the rate and yield are accurate as of an identified date; and provide a telephone number consumers may call to obtain current rate information. (B) State the maturity of a time account as a term rather than a date. (b) (1) (ii) (A) The fact that the interest rate and annual percentage yield may change; (B) How the interest rate is determined; (C) The frequency with which the interest rate may change; and (D) Any limitation on the amount the interest rate may change. (2) (ii) (3) ( ( ( (B) Except for the balance to open the account, the disclosure shall state how the balance is determined for these purposes. (ii) (iii) (4) (5) (6) (i) (ii) (iii) (iv) (7) (c) (2)

official document · source cfr-2024 · id 12:§ 1030.4