Statement Error definition
Examples of Statement Error in a sentence
Notwithstanding the foregoing, the Bank shall have the right, at any time, upon notice to the Customer, to rectify and/or correct any Statement Error or Advice Error.
Where such examination of any account statement or confirmation discloses any Statement Error, the Account Holder must notify the Bank promptly in writing and in no event later than fourteen (14) calendar days (or such other period which may be stated in the relevant statement or confirmation) of receipt of the relevant account statement or confirmation.
E- Statement Error Resolution disclosures are available on the First Bank Chicago website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇▇▇.
If you do not report any Statement Errors to us within sixty (60) days after the first Statement on which the Statement Error occurs is sent to you or otherwise made available to you, you may be precluded from contesting transactions you think were made in error, and you will be deemed to have accepted the transactions and any additional charges assessed.
We are not liable for damages of any kind (whether consequential, special, punitive, compensatory, or otherwise), lost profits, interest, costs, expenses, fees, or attorney's fees, arising out of or related to any Statement Error, unless we have acted in bad faith.
Please refer to First National Bank Deposit Account Disclosure that addresses Statement Error Reporting timeframes.
Any amounts you or we (acting on your behalf) recover will offset any liability we have to you related to the Statement Error.
To minimize our mutual risk of loss, you must promptly and carefully examine your Statement and promptly let us know if your Statement contains any errors, forgeries, unauthorized withdrawals, transfers or other items or altered items (each a "Statement Error").
If a third party other than us may be liable to you for losses related to a Statement Error, you agree not to waive any rights you have to recover or pursue recovery from such third party.