Service Charge on Small Accounts

PURPOSE: An association may make a service charge on a small account provided that the requirements of this regulation are met. (1) An association may make a service charge against any savings account provided that thirty (30) days prior to making the first service charge the association has mailed to the holder on such account, at his/her last known address, a notice that service charges will be made in accordance with this regulation. (2) Nothing contained in this rule shall apply to accounts authorized by 4 CSR 260-10.050 of this chapter. AUTHORITY: section 369.299, RSMo 1994.* This rule originally filed as 4 CSR 26010.040. This rule previously filed as 4 CSR 140-22.040. Original rule filed Sept. 28, 1971, effective Oct. 8, 1971. Amended: Filed Oct. 15, 1980, effective Jan. 12, 1981. Amended: Filed Feb. 8, 1982, effective May 13, 1982. Amended: Filed Aug. 15, 1983, effective Nov. 11, 1983. Changed to 4 CSR 140-22.040, effective July 6, 1994. Moved to 20 CSR 1140-22.040, effective Aug. 28, 2006. *Original authority: 369.299, RSMo 1971, amended 1994.