Calendar of Events

Critical Issues on Certificates of Deposit (CDs)

11/28/2017, 10:00 AM to Noon

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

Critical Issues on Certificates of Deposit (CDs)


Presented by Deborah Crawford
Tuesday, November 28th, 2017
10:00 am - 12:00 pm CT
 

Covered Topics:

  • What is a CD in 2017? Do we need to issue statements on CDs?
  • What disclosures should we give when we open a CD? What maturity notices?
  • Can the financial institution offset a CD?
  • Can the names on a CD be changed?
  • What happens on a CD secured loan with a pay on death?
  • What notifications do we have to send for a "change in terms" under TISA?
  • Can we waive CD penalties? Can a penalty be waived for certain circumstances?
  • What happens when the accountholder loses a CD? Do we still do loss of CD affidavit?
  • What is meant by paperless CDs?
  • Do we have to have all the owners sign a CD? Is that true for insurance purposes?
  • How do we issue the check when we cash a CD?
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