When must the Truth in Savings Act disclosures be provided?

The correct response indicates that Truth in Savings Act disclosures must be provided at account opening and before any changes in terms or fees. This is aligned with the primary goal of the TISA, which is to ensure that consumers receive clear and comprehensive information regarding the terms and conditions associated with their savings accounts.

Providing disclosures at account opening ensures that customers are fully informed about interest rates, fees, and other critical account features right from the start, allowing them to make informed comparisons with other accounts. Additionally, requiring disclosures before any changes in terms or fees keeps consumers adequately informed about any adjustments that could affect their account, thereby promoting transparency and consumer protection. This proactive approach helps customers understand the costs and benefits of their accounts, fostering informed decision-making.

The other options do not capture the core provisions of TISA accurately, as they either suggest less frequent disclosure or conditions that do not align with the regulatory framework established by the act. This highlights the importance of timely and relevant disclosures in maintaining consumer trust in financial institutions.