Library of Congress October 8, 2010 – Federal Register Recent Federal Regulation Documents

Minimum Balance Requirement and Automatic Replenishment Option for Deposit Account Holders
Document Number: 2010-25129
Type: Proposed Rule
Date: 2010-10-08
Agency: Library of Congress, Agencies and Commissions, Copyright Office, Copyright Office, Library of Congress
The Copyright Office is proposing to amend its regulations to set the minimum level of activity required to hold a deposit account at 12 transactions per year; require deposit account holders to maintain a minimum balance in that account; mandate the closure of a deposit account the second time it is overdrawn; and offer deposit account holders the option of automatic replenishment of their account via their bank account or credit card.