March 2, 2011 - 2:02pm
#1
Good afternoon all,I was doing a Branch audit recently and ran into a question regarding the placement of the Funds Availability Notice in the Lobby. The Official Staff Interpretation for the regulation states "The notice...must be posted in a place where consumers seeking to make deposits are likely to see it before making their deposits. For example, the notice might be posted at the point where the line forms for teller service in the lobby." Can the notice be posted in a waiting area (for example, where someone would sit while waiting to talk with a loan officer)? I'm thinking that most members making deposits don't visit the waiting area. They go straight to the teller area.Thanks,Mark Jenkins, Internal Auditor
