Credit Union Liability. The Credit Union may be liable for your losses or damages (not to exceed the amount of the transaction), if the Credit Union does not properly complete a transaction according to this Agreement, except as otherwise provided by law. The Credit Union’s actions will constitute the exercise of ordinary care if such actions or non-actions are consistent with applicable state law, Federal Reserve regulations and operating letters, and other general banking practices followed. You agree that the Credit Union may accept and rely on facsimiles of your signature(s) or a scanned signature on any deposit or withdrawal forms, loan requests, order or other notices regarding any account with the Credit Union. The Credit Union shall not be responsible for any loss incurred as a result of its acting upon or executing any requests, order or instructions that the Credit Union believes to be genuine. The Credit Union may refuse to execute any facsimiles request or order.
Appears in 9 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
