Questions and Answers
Are we required to include a fee that we charge in the event of garnishment in our Truth-in-Savings disclosures?
No. The Reg. DD Official Staff Commentary to 12 CFR 230.4 states that you are not required to include the following in your Truth-in-Savings disclosures:
“i. fees for services offered to account and non-account holders alike, such as traveler’s checks and wire transfers (even if different amounts are charged to account holders and non-account holders)
“ii. incidental fees, such as fees associated with state escheat laws, garnishment or attorney’s fees, and fees for photocopying”.
