Which statement is false regarding disclosures when opening a joint checking account?

The statement that must be regarded as false is that disclosures must be provided to both account holders before the account is opened. In the case of joint checking accounts, it is permissible to provide disclosures to either one of the account holders, which meets the regulatory requirements, as long as the information is adequately communicated. This flexibility allows institutions to streamline the account opening process without needing to deliver disclosures to both parties simultaneously.

The other options reflect accurate interpretations of the regulatory guidelines for disclosures in joint account situations. For instance, disclosures can indeed be provided in any order and on multiple pages, allowing for a customizable presentation of information that suits the institution’s approach. Furthermore, if the account is being opened online, providing disclosures via email is acceptable as long as both parties have given their consent, aligning with consumer protection and digital communication practices. These provisions help ensure that consumers remain informed while also enabling institutions to facilitate account openings more efficiently.