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  3. CFPB's Regulation DD
  4. APPENDIX B to Part 1030
  5. B-3
6-6942

B-3—Model Clauses for Pre-Maturity Notices for Time Accounts

  • (a)
    Automatically renewable time accounts with maturities of one year or less but longer than one month
  •  
    Your account will mature on (date)  .
  •  
    If the account renews, the new maturity date will be (date)  .
  •  
    The interest rate for the renewed account will be   % with an annual percentage yield of   %.
  •  
    or
  •  
    The interest rate and annual percentage yield have not yet been determined. They will be available on (date)  . Please call (phone number)  to learn the interest rate and annual percentage yield for your new account.
  • (b)
    Non-automatically renewable time accounts with maturities longer than one year
  •  
    Your account will mature on (date) .
  •  
    If you do not renew the account, interest [will/will not] be paid after maturity.
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