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Resources

Dodd-Frank Rule

 

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
 
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).  Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximumdeposit insurance amount ($250,000), for each deposit insurance ownership category. 
 
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit “What’s New” on www.fdic.gov
 
      
FDICEqual Housing Lender

695 Town Center, Suite 100, Costa Mesa, California 92626 (714) 431-7000
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