Which of the following is a requirement for account disclosures under TISA?

Under the Truth in Savings Act (TISA), one of the key requirements for account disclosures is that they must be provided in writing before the account is opened. This requirement ensures that consumers have access to crucial information regarding the terms and conditions of their accounts, including fees, interest rates, and other important features. By providing this information upfront, consumers can make an informed comparison between different financial institutions and their offerings.

Providing disclosures in writing before account opening serves to enhance transparency and protect consumers from unexpected fees or conditions that were not clearly communicated. It also allows individuals to review the details at their convenience, which is important for understanding the product they are considering.

While oral disclosures or providing information after the account is opened can occur in some contexts, they do not meet the strict requirements set by TISA, which emphasizes the importance of pre-opening written disclosures.