{"id":1999,"date":"2020-02-21T16:22:36","date_gmt":"2020-02-21T16:22:36","guid":{"rendered":"https:\/\/albanknews.com\/?p=1999"},"modified":"2020-02-21T16:22:36","modified_gmt":"2020-02-21T16:22:36","slug":"compliance-qa-six-transaction-limit-and-reg-d","status":"publish","type":"post","link":"https:\/\/albanknews.com\/?p=1999","title":{"rendered":"Compliance Q&#038;A: Six Transaction Limit and Reg D"},"content":{"rendered":"<p><strong>Question:<\/strong><\/p>\n<p>In regard to the six-transaction limit imposed in Regulation D, can a bank reduce this limit to only two transactions?<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Answer:<\/strong><\/p>\n<p>Yes, the bank may set stricter limits than required under Reg. D. There is not a prohibition in doing using a stricter limit as long as it is disclosed in the bank&#8217;s account agreement to avoid any potential UDAAP issues.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><strong>Compliance Alliance offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email <a href=\"mailto:info@compliancealliance.com\">info@compliancealliance.com<\/a>. <u>Not a member? <\/u><\/strong>Learn more about membership with Compliance Alliance by attending one of our live demos:<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/url.emailprotection.link\/?bgfKpcUeZYYIn7chQQb6xKZflS0-__CdNCewlF-xjnUN3H25l-GfGPeUO7Edxtwyz8vMIr1BvLi6KYmMu-L5pI7z-ZUOs49_JrJaP8cjhUYAprTNl0o9HhKyFXWv39JNQcezI9vzWZtPHj6ICc6PgDXadkoDqknpp4i_XS7Yspho~\">Live demo on Tuesday, February 25<sup>th<\/sup>@ 10: 00 am CT.<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/url.emailprotection.link\/?bREZexHaXCwu4Pb4Lq5falMJzEClPq3LNRUKBR6CEemc6C9hiXJTRETFjnaWeiVV3pUoWn2Ft4xzntlEKgVu6_V1giPDmkqlZhZUBYyA_W4nJbmQ5gelOY3WkkmnFBdaz749yiCsIofm0rKsuhYV02RE6fRMl1G_5t4R1sIn2Nl0~\">Live demo on Thursday , February 27<sup>th<\/sup>@ 1:00 pm CT. <\/a><\/strong><\/li>\n<\/ul>\n<p>Compliance rules and regulations change quickly! For timely compliance updates,<a href=\"https:\/\/url.emailprotection.link\/?bwKfDDWcZW0NjoeiYuOKWEt_I2qYWyzZk_6BvOcrZxBe-BM4qT-xEWhLKvMlJIObIyFNMcIjNZroZIuUKw2PDgQ~~\"><strong>subscribe to Compliance Alliance\u2019s email newsletters<\/strong><\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: In regard to the six-transaction limit imposed in Regulation D, can a bank reduce this limit to only two transactions? &nbsp; Answer: Yes, the bank may set stricter limits than required under Reg. D. There is not a prohibition in doing using a stricter limit as long as it is disclosed in the bank&#8217;s account agreement to avoid any potential UDAAP issues. &nbsp; &nbsp; Compliance Alliance offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email info@compliancealliance.com. Not a member? Learn more about membership with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1070,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19,33,23],"tags":[],"class_list":["post-1999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-compliance-qa","category-publications","has_thumb"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/albanknews.com\/wp-content\/uploads\/2017\/11\/compliance-alliance.png?fit=800%2C800&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p4Y3P2-wf","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts\/1999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1999"}],"version-history":[{"count":1,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts\/1999\/revisions"}],"predecessor-version":[{"id":2001,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts\/1999\/revisions\/2001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/media\/1070"}],"wp:attachment":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}