Timing requirements for periodic statements

first_imgPeriodic statements are required for various types of accounts that credit unions offer. While sending a periodic statement is essential to ensuring compliance with the periodic statement requirements, it is also important to send it at the right time. Timing is also important because notice requirements for error resolution under Regulation E and billing errors under Regulation Z are, in part, dependent on when a periodic statement is sent.For share accounts, such as savings and checking accounts, the periodic statement rules are in Regulation E. While section 707.6 of NCUA’s Truth in Savings regulation provides disclosure requirements for periodic statements, it does not actually require credit unions to provide statements. Instead, section 1005.9(b) of Regulation E requires statements for each month in which an electronic fund transfer is made to or from the account. Neither the rule nor the commentary provides a specific timing requirement for when the statement must be sent after the close of the month. Credit unions may want to review any applicable state law and account agreements to determine whether they impose any specific timing requirement. In the absence of any state law or contractual provision, it will be up to the credit union to determine when to provide the periodic statement. In making this determination, credit unions may also want to consider that the timeline for reporting errors does not begin until a periodic statement is sent.The rules for certain lending products provide more clear timing requirements. Before diving in to these rules, it is important to note that Regulation Z only has a periodic statement requirement for closed-end mortgages. Credit unions are not required to provide statements for products such as personal loans, car loans or private education loans. For these loans, credit unions will need to look to state law or the loan agreement for any periodic statement requirements. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Twisters Battle Crusaders On The Diamond

first_imgOA vs. Whitewater Crusaders (home school team) (4-27).WC         000 102 3             6    5   4OA          120 213 x             9    6   2OA Hitting:  Adam Huber 1-2, 2 runs, 2 bb, sb; Chase Hogg 1-3, bb, rbi; Matt Sedler  1-4, run; Michael Hoff 0-1, run, sac fly rbi, 2 bb; Dalton Mooney 0-2, 2 bb; Zach Wegman 1-4, run, rbi; Jordan Stenger 1-3, 2 runs, sac fly rbi; Zach West 0-1, run, bb; Hunter Sullivan 1-2, rbi; Glenn Geraci 0-1, run, 2 bb, sac bunt.OA Pitching:  Michael Hoff  5 IP, 3 runs, 2 earned, 4 hits, 4 k, 4 bb, hbp.    Win.  Jordan Stenger 2 IP, 3 runs, 1 earned, 1 hit, 1 k, 4 bb.Varsity record: 5-7Next game: Saturday (4-29) vs. Madison Shawe.Courtesy of Twisters Coach Doug Behlmer.last_img read more

Lakers guard Avery Bradley to miss another week; Kyle Kuzma questionable for Dallas

first_img Lakers, Clippers schedules set for first round of NBA playoffs AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with Packers“Well, I’m just happy for him because it’s no fun sitting, especially when he’s off to such a strong start to his season,” he said. “So I’m just happy he’s going to get out and sweat a little more and start his progression towards the future.”There was other discouraging injury news: Kyle Kuzma did not practice Saturday afternoon, after spraining his left ankle late in the third quarter of Friday’s 125-103 victory over Washington. While he attempted to play through it, he left the game for the locker room early.He’s questionable to play against Dallas on Sunday afternoon.Aside from losing DeMarcus Cousins in the offseason, the Lakers have largely been dealing with minor, nagging injuries. Many of these have been borne by Anthony Davis, who has missed just one game but has been hit with shoulder and rib injuries during the season.Davis said it’s unlikely that he, much less the rest of the Lakers, will change his style of play to be more cautious about getting hurt. Newsroom GuidelinesNews TipsContact UsReport an Error Locking into Sunday won’t be a problem for the Lakers, who are facing Dallas for the first time since a thrilling 119-110 overtime victory over the upstart Mavericks on the road. Since that game, second-year forward Luka Doncic has been lighting the league aflame: He’s third in the league in scoring (30.8 ppg), second in assists (9.6 apg) and 17th in rebounding (9.9 rpg). Following a 42-point outburst in Phoenix on Friday night, Doncic became only the third player in NBA history to average a triple-double while scoring at least 30 points per game.His stat-sheet filling has drawn comparisons to Lakers star LeBron James, but the Lakers don’t necessarily agree with that. Vogel still acknowledged preparing to guard Doncic – who had 31 points, 15 assists and 13 rebounds in the last game – was going to make him lose sleep. Danny Green compared him to another natural scorer with some craftiness.“I compare him to a bigger Lou (Williams), where he gets to that left hand, and he gets that step back or fadeway, and you can’t really touch him,” Green said. “You’ve got to make sure you play good defense without fouling him.” Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed EL SEGUNDO — For the first time in weeks, Avery Bradley hit the practice floor.There was some good news Saturday following Bradley’s medical re-evaluation: The Lakers’ starting guard was cleared to start “basketball progression.” But the nebulous term means Bradley, who has dealt with a hairline fracture in his right leg, has further to go. He will also miss at least four more games, bringing his total to 13 missed starts for the 17-2 Lakers.The Lakers haven’t lost a game among the nine Bradley has missed, but the impact has been felt defensively: The Lakers have slipped in defensive rating from first to fifth. They’ve sported just the 10th-best defensive rating in the NBA over the past nine games (106.3).Bradley’s recovery has progressed from swimming and running on an Alter-G treadmill to now being able to bear full weight on his injured leg. He’s been a sideline presence as well. Frank Vogel was glad to see him back doing basketball activities.center_img Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers How athletes protesting the national anthem has evolved over 17 years Lakers practice early hoping to answer all questions “I don’t play careful,” he said. “If I’m gonna play, I’m gonna play. And I do what I gotta do to help the team win. So I still play the same exact way. If I step on the floor, then I’m gonna give it my all.”Lakers kick off challenging stretchAfter going 14-1 in November, one of the best records in a single month in franchise history, the Lakers face a significantly rockier challenge.After facing 11 opponents with losing records last month, December will flip the script: 10 of the Lakers’ 14 upcoming opponents are above .500. That comes with the additional difficulty of playing nine road games (the Lakers have yet to lose away from Staples Center).While the Lakers spouted off typical cliches about taking one game at a time, they also recognized how difficult the slate will get. Vogel called for a mental reset from his team.“Today we did talk about, ‘OK, in November we had a great month. That’s behind us. We’re 0-0 now,’” he said. “So every night is going to be a little more difficult than we faced last month. Yeah, we set the stage for what this month is going to look like and now, let’s lock into this one game.”Related Articleslast_img read more