Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 1140 - Division of Finance
Chapter 22 - Association's Savings Accounts
Section 20 CSR 1140-22.040 - Service Charge on Small Accounts
Universal Citation: 20 MO Code of State Regs 1140-22.040
Current through Register Vol. 49, No. 6, March 15, 2024
PURPOSE: An association may make a service charge on a small account provided that the requirements of this regulation are met.
(1) An association may make a service charge against any savings account provided that thirty (30) days prior to making the first service charge the association has mailed to the holder on such account, at his/her last known address, a notice that service charges will be made in accordance with this regulation.
(2) Nothing contained in this rule shall apply to accounts authorized by 4 CSR 260-10.050 of this chapter.
*Original authority: 369.299, RSMo 1971, amended 1994.
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