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FDIC Federal Register Citations



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FDIC Federal Register Citations

Bow Mills Bank and Trust


From: Tony Pucci [mailto:tpucci@bowmillsbank.com]
Sent: Thursday, June 03, 2004 10:45 AM
To: Comments
Subject: Overdraft Protection Guidance

The guidance suggests that overdrafts created under an overdraft protection program should be "charged off within 30 days from the date of the first overdrawn". Although reference is made to other regulatory guidance providing exception to the 30 day charge off guidance, we feel that 60 + days is more manageable, givine the systematic collection process in most overdraft protection programs.



Anthony J. Pucci
Sr. VP/Treasurer
Bow Mills Bank and Trust
503 South Street
Bow NH 03304

 

Last Updated 04/28/2004 regs@fdic.gov

Last Updated: August 4, 2024