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Regulation DD (12 CFR 230), which implements the Truth in Savings Act (TISA), Preview on Page 1

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No. Regulation DD only applies to accounts issued by depository institutions. Non-banks and credit unions are not affected.
Regulation DD requires depository institutions to disclose the terms of deposit accounts to consumers so that they can make informed decisions. A general description of the regulation, by section, follows.
TISA was designed to enable consumers to make informed decisions about bank accounts. It requires banks to provide to consumers disclosures about terms and costs of deposit accounts and imposes requirements for deposit account advertisements.
The Truth in Savings Act, as part of the Federal Deposit Insurance Corporation Improvement Act of 1991, was signed into law by President George H.W. Bush (R) on December 19, 1991. The act requires financial institutions to disclose to consumers the annual percentage yield on savings accounts.
A non-regulated savings account is a savings account that does not fall under the regulations of a regulated savings account.
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Examples of fees that are not maintenance or activity fees include: Fees not required to be disclosed under section 230.4(b)(4), Check-printing fees, Balance-inquiry fees, Stop-payment fees and fees associated with checks returned unpaid, Fees assessed against a dormant account, and Fees for ATM or
Disclosures upon request ( 230.4(a)(2)) A depository institution must provide full account disclosures, including complete fee schedules, to a consumer upon request. Institutions must comply with all requests for this information, whether or not the requestor is an existing customer or a prospective customer.
The Truth in Savings Act applies to individuals opening personal accounts. However, the act does not apply to business accounts, corporate accounts, or organizations (such as nonprofits) that open a business deposit account.

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