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Old 04-06-2013
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Re: Buying A Boat

Originally Posted by huntermj View Post
Yes everything is in order as far as the paperwork goes. its USGS registered in his name. and the surveyor did the background on it.
He says he does not like to deposit more then 10 grand in his bank account as that requires the bank to notify the government.
i was just surprised by the request.
I'm pretty sure the bank does not have to notify the feds for check deposits.

It used to be only for cash greater than 10k.

Has that changed?
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