Common use of Timing of Bank Response Clause in Contracts

Timing of Bank Response. The Bank shall respond to such claimant within 90 days (45 days for a claim based on Disability) after receiving the claim. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional 90 days (45 days for a claim based on Disability) by notifying the claimant in writing, prior to the end of the initial 90-day period (45-day period for a claim based on Disability), that an additional period is required. The notice of extension shall set forth the special circumstances and the date by which the Bank expects to render its decision.

Timing of Bank Response. The Bank shall respond in writing to such claimant within 90 60 days (45 days for a claim based on Disability) after receiving the claimrequest for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can may extend the response period by an additional 90 60 days (45 days for a claim based on Disability) by notifying the claimant in writing, prior to the end of the initial 9060-day period (45-day period for a claim based on Disability), that an additional period is required. The notice of extension shall set forth the special circumstances and the date by which the Bank expects to render its decision.