Wire Fraud Sample Clauses
The Wire Fraud clause is designed to address the risks associated with electronic funds transfers, particularly the potential for fraudulent interception or misdirection of payments. In practice, this clause typically requires parties to verify payment instructions through secure channels and may specify procedures for confirming bank account details before transferring funds. Its core function is to protect both parties from financial loss due to wire fraud by establishing clear protocols for verifying payment information and reducing the likelihood of falling victim to scams.
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Wire Fraud. If you receive any electronic communication directing you to transfer funds or provide
1. The possession of the Property shall be delivered to Buyer at closing within days beginning 119
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Wire Fraud. Email is not always secure or confidential. Never respond to a request that you send funds or nonpublic personal
Wire Fraud. If you receive any electronic communication directing you to transfer funds or provide nonpublic personal information, even if electronic communication appears to be from Broker or Title Company, do not respond until you verify the authenticity by direct communication with Broker or Title Company. Do not rely on telephone numbers provided in the electronic communication. Such requests may be part of a scheme to steal funds or use your identity.
Wire Fraud. If, at any time, you receive an email communication that (i) requests sensitive financial information or provides wire transfer instructions, and (ii) purports to come from your listing agent, a Compass representative, or other third party, it may be fraudulent. Do not wire money without verbally verifying the wire instructions with your Designated Agent/Compass Representative and confirming with the intended recipient. Compass is not responsible for and will be held harmless for any fraudulent wire transfer.
Wire Fraud. If you receive any electronic communication directing you to transfer funds or provide X
Wire Fraud. ▇▇▇▇▇ should never transmit nonpublic personal information, such as credit or debit card, bank account or routing numbers, by email or other unsecured electronic communication. There are numerous e-mail phishing scams that involve fraudulent requests to wire funds in conjunction with a real estate transaction. If ▇▇▇▇▇ receives any electronic communication directing the transfer of funds or to provide nonpublic personal information, even if that electronic communication appears to be from Broker or Designated Representative, do not respond. Such requests, even if they may otherwise appear to be from Broker, could be part of a scheme to defraud Buyer by misdirecting the transfer of funds or using Buyer or ▇▇▇▇▇▇’s identity to commit a crime. If Buyer should receive wiring instructions via electronic means that appear to be from a legitimate source involved in Buyer’s real estate transaction, Buyer should verify – using contact information other than that provided in the communication – that the instructions were sent by an actual representative of the requesting company. Conversely, if ▇▇▇▇▇ has provided wiring instructions to a third party, it is important to confirm with the representative of said company that the wire instructions are not to be substituted without Buyer’s verified written consent. When wiring funds, never rely exclusively on an e-mail, fax or text communication.