No.
Frequently Asked Questions
- What procedure does the DIC follow after an institution has been closed?
- Are any other cash liabilities of financial institutions covered?
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
- 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.
