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  • BC-4.17 BC-4.17 Blocking Customer Accounts

    • BC-4.17.1

      Conventional retail bank licensees must not block the accounts of a customer (who has a financing arrangement with it) due to customer’s termination from his or her employment or retirement regardless of the bank’s contractual rights to take such action. Banks instead must agree on other arrangements with the customer for the repayment of the financing.

      Added: April 2020