What is the timeframe for a bank to provide account disclosures if the consumer is not present at account opening?

The timeframe for a bank to provide account disclosures when the consumer is not present at account opening is indeed within 10 business days. The Truth in Savings Act requires financial institutions to ensure that consumers receive important information regarding the terms and conditions of their accounts, even if they are not physically present at the time of account opening. This requirement helps ensure transparency and allows consumers to understand their rights and responsibilities concerning their accounts.

Sending the disclosures within 10 business days ensures that the consumers have the information they need in a timely manner, allowing them to make informed decisions about their accounts. This compliance with the Truth in Savings Act is crucial for protecting consumers and maintaining trust in financial institutions.