Frequently Asked Questions
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
- When must a depositor file a claim?
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
- Does the borrower’s obligations to the institution continue after the institution is closed?
Did You Know?
- Misconception: Deposit insurance can be claimed while the member institution is still continuing in operation. - Fact: Deposit insurance is ONLY activated upon closure of a member institution.
