Electronic Funds Transfer Disclosures from Compliance Logic System (CLS) for Deposit
Advanced intelligence in compliance documentation
CLS for Electronic Funds Transfer addresses critical disclosure items with regard to Regulation E based on the interview answers that the financial professional supplies. A complete description of the account holder’s liability, limitations on types of transfer transactions, definition of the institution’s business day, institution contact information, and more are generated based on the specific requirements of an institution’s electronic service. The convenient interview method of CLS allows institutions to precisely describe their electronic services and any conditions affecting service availability, liability, and fees. Disclosures can be updated quickly when services are modified, and as new EFT services are added, CLS easily adds new supporting disclosures at no extra cost. With CLS, there is no limit on how many versions of disclosures the institution can create or modify.
Contact CSi today at info@compliancesystems.com to learn how CSi IntelleDoc Solutions for Deposit can help your institution meet its business challenges.
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