How are periodic statements related to TISA disclosures?

Periodic statements are directly related to TISA disclosures because TISA mandates financial institutions to provide consumers with specific information about their accounts on a regular basis. These statements serve as a vital tool for keeping account holders informed about essential details such as interest rates, fees, and balances.

The requirement for sending periodic statements before account maturity underlines the importance of transparency and consumer awareness in banking practices. By providing these statements, institutions ensure that customers are continuously updated on the status of their accounts, allowing them to make informed decisions.

Therefore, the correct association with TISA disclosures is that periodic statements must indeed be sent before the account matures, ensuring that consumers have ongoing access to pertinent information throughout their relationship with the financial institution. This is part of TISA's broader goal of fostering informed banking choices and enhancing consumer protections.