12 U.S.C. § 4307 — Periodic statements
submitted 35 years ago by Pub. L. 102-242 to r/title-12-BANKS-AND-BANKING · 63 words · no verdicts yet
Each depository institution must clearly disclose four pieces of information with every periodic account statement. They are the annual percentage yield earned, interest earned, fees or charges, and number of days in the reporting period.
Each depository institution* must include on or with every periodic statement it gives an account* holder a clear and conspicuous disclosure of: (1) the annual percentage yield* earned; (2) the interest* earned; (3) fees or charges imposed; and (4) the number of days in the reporting period.
Each depository institution* shall include on or with each periodic statement provided to each account* holder at such institution a clear and conspicuous disclosure of the following information with respect to such account:
The annual percentage yield* earned.
The amount of interest* earned.
The amount of any fees or charges imposed.
The number of days in the reporting period.
Source credit: (Pub. L. 102–242, title II, § 268, Dec. 19, 1991, 105 Stat. 2338.)
- 1991Enacted · Pub. L. 102-242 · 105 Stat. 2338
A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-242 on 1991-12-19.
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