Common use of Claims for Lost, Destroyed or Stolen Official Checks or Money Orders Clause in Contracts

Claims for Lost, Destroyed or Stolen Official Checks or Money Orders. If a Credit Union Official Check or Money Order is lost, destroyed or stolen, you may be able to assert a claim with respect to the Official Check or Money Order, if permitted under applicable law. You must provide us with exact information to identify the Official Check or Money Order. Timing of your claim must conform to applicable law; and we must receive sufficient advance notice to allow us a reasonable opportunity to act on your request. Our stop payment fee for checks also applies to a claim with respect to an Official Check or Money Order, whether or not your claim is enforceable. Although your claim may be enforced, you may remain liable to any item holder, including us. You agree to indemnify and hold the Credit Union harmless from all costs, including attorney's fees, damages or claims related to any action taken by the Credit Union because of a claim for a lost, destroyed or stolen Official Check or Money Order. Except as provided by law, you cannot place a stop payment order on an Official Check or Money Order. Contact the Credit Union for details.

Appears in 2 contracts

Samples: Business Membership and Account Agreement, Business Membership and Account Agreement

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Claims for Lost, Destroyed or Stolen Official Checks or Money Orders. If a Credit Union Official Check or Money Order is lost, destroyed or stolen, you may be able to assert a claim with respect to the Official Check or Money Order, if permitted under applicable law. You must provide us with exact information to identify the Official Check or Money Order. Timing of your claim must conform to applicable law; and we must receive sufficient advance notice to allow us a reasonable opportunity to act on your request. Our stop payment fee for checks also applies to a claim with respect to an Official Check or Money Order, whether or not your claim is enforceable. Although your claim may be enforced, you may remain liable to any item holder, including us. You agree to indemnify and hold the Credit Union harmless from all costs, including attorney's ’s fees, damages or claims related to any action taken by the Credit Union because of a claim for a lost, destroyed or stolen Official Check or Money Order. Except as provided by law, you cannot place a stop payment order on an Official Check or Money Order. Contact the Credit Union for details.

Appears in 1 contract

Samples: Membership and Account Agreement

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Claims for Lost, Destroyed or Stolen Official Checks or Money Orders. If a Credit Union Official Check or Money Order is lost, destroyed or stolen, you may be able to assert a claim with respect to the Official Check or Money Order, if permitted under applicable law. You must provide us with exact information to identify the Official Check or Money Order. Timing of your claim must conform to applicable law; and we must receive sufficient advance notice to allow us a reasonable opportunity to act on your request. Our stop payment fee for checks also applies to a claim with respect to an Official Check or Money Order, whether or not your claim is enforceable. Although your claim may be enforced, you may remain liable to any item holder, including us. You agree to indemnify and hold the Credit Union harmless from all costs, including attorney's ' s fees, damages or claims related to any action taken by the Credit Union because of a claim for a lost, destroyed or stolen Official Check or Money Order. Except as provided by law, you cannot place a stop payment order on an Official Check or Money Order. Contact the Credit Union for details.

Appears in 1 contract

Samples: Membership and Account Agreement

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