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#8146 - 11/22/05 04:02 PM dba account & reg e
Anonymous
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Does Reg E apply to DBA accounts?

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#8147 - 11/22/05 04:10 PM Re: dba account & reg e
John Burnett Administrator Offline
Compliance is my life

Registered: 10/27/00
Posts: 12642
If by "DBA account" you mean a business account of a sole proprietor, the answer is "No." For transactions to be covered by Regulation E, they have to pass a couple of tests. First, the account has to held by a natural person. A sole prop clearly fits that test. Second, the account has to be opened and maintained primarily for personal, family, or household use. A sole prop business account flunks that test.

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