12 CFR 12.102 - National bank use of electronic communications as customer notifications.

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§ 12.102 National bank use of electronic communications as customer notifications.
(a) In appropriate situations, a national bank may satisfy the “written” notification requirement under §§ 12.4 and 12.5 through electronic communications. Where a customer has a facsimile machine, a national bank may fulfill its notification delivery requirement by sending the notification by facsimile transmission. Similarly, a bank may satisfy the notification delivery requirement by other electronic communications when:
(1) The parties agree to use electronic instead of hard-copy notifications;
(2) The parties have the ability to print or download the notification;
(3) The recipient affirms or rejects the trade through electronic notification;
(4) The system cannot automatically delete the electronic notification; and
(5) Both parties have the capacity to receive electronic messages.
(b) The OCC would consider the permissibility of other situations using electronic notifications on a case-by-case basis.

Title 12 published on 2014-01-01

no entries appear in the Federal Register after this date.

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United States Code

Title 12 published on 2014-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 12 after this date.

  • 2014-10-08; vol. 79 # 195 - Wednesday, October 8, 2014
    1. 79 FR 60762 - Defining Larger Participants of the Automobile Financing Market and Defining Certain Automobile Leasing Activity as a Financial Product or Service
      GPO FDSys XML | Text
      Proposed rule with request for public comment.
      Comments must be received on or before December 8, 2014.
      12 CFR Parts 1001 and 1090