Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does DIB determine ownership of funds?

determine dib funds ownership
0
Posted

How does DIB determine ownership of funds?

0

A. The DIB presumes that funds are owned as shown in the Deposit Account Records of the insured depository institutions. If DIB determines that the Deposit Account Records of the institution are not ambiguous, those records are binding to the depositor. No other records are considered in determining legal ownership.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123