Periodic expenses means11/28/2023 ![]() ![]() Information about a particular transaction in an existing account. For purposes of § 1030.8(b) of this part through § 1030.8(e) of this part, information given to consumers about existing accounts, such as current rates recorded on a voice-response machine or notices for automatically renewable time account sent before renewal. In-person discussions with consumers about the terms for a specific account. Rate sheets in a newspaper, periodical, or trade journal (unless the depository institution, or a deposit broker offering accounts at the institution, pays a fee for or otherwise controls publication). Examples of messages that are not advertisements are: Messages that are provided along with information about the consumer's existing account and that promote another account at the institution.Ģ. Messages in a newspaper, magazine, or promotional flyer or on radio. Messages on a computer screen in an institution's lobby (including any printout) other than a screen viewed solely by the institution's employee. Messages on automated teller machine (ATM) screens. Advertisements include commercial messages in visual, oral, or print media that invite, offer, or otherwise announce generally to prospective customers the availability of consumer accounts - such as: (b) Advertisement means a commercial message, appearing in any medium, that promotes directly or indirectly:ġ. Contractual arrangements such as repurchase agreements, interest rate swaps, and bankers acceptances. Securities or obligations of a depository institution. The term “account” does not apply to all products of a depository institution. Accounts opened by an executor in the name of a decedent's estate.ģ. Trust accounts opened by a trustee pursuant to a formal written trust agreement (not merely declarations of trust on a signature card such as a “Totten trust,” or an IRA and SEP account). ![]() Accounts established to make periodic disbursements on construction loans. ![]() Mortgage escrow accounts for collecting taxes and property insurance premiums. Examples of accounts not subject to the regulation are: Payable on death (POD) or “Totten trust” accounts.Ģ. Individual retirement accounts (IRAs) and simplified employee pension (SEP) accounts. Accounts denominated in a foreign currency. Deposit accounts opened as a condition of obtaining a credit card. Interest-bearing and noninterest-bearing accounts. Examples of accounts subject to the regulation are: ![]()
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