Common use of Credit Union Liability Clause in Contracts

Credit Union Liability. If we do not properly complete a transaction according to the Membership and Account Agreement Disclosure, we will be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by law. We will not be liable if: (1) your account contains insufficient funds for the transaction; (2) circumstances beyond our control prevent the transaction; (3) your loss is caused by you or another financial institution’s negligence; or (4) your account funds are subject to legal process or other claim. We will not be liable for consequential damages, except liability for wrongful dishonor. We exercise ordinary care if our actions or non actions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearing house rules and general banking practices followed in the area we serve. You grant us the right, in making payments of deposited funds, to rely exclusively on the form of the account and the terms of the Membership and Account Agreement Disclosure. Any conflict between what you or our employees may say or write will be resolved by reference to the Membership and Account Agreement Disclosure.

Appears in 5 contracts

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

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Credit Union Liability. If we do not properly complete a transaction according to the Membership and Account Agreement DisclosureAgreement, we will be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by law. We will not be liable if: (1) your account contains insufficient funds for the transaction; (2) circumstances beyond our control prevent the transaction; (3) your loss is caused by you your or another financial institution’s negligence; or (4) your account funds are subject to legal process or other claim. We will not be liable for consequential damages, except liability for wrongful dishonor. We exercise ordinary care if our actions or non actions nonactions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearing house rules clearinghouse rules, and general banking financial institution practices followed in the area we serve. You grant us the right, in making payments of deposited funds, to rely exclusively on the form of the account and the terms of the this Membership and Account Agreement DisclosureAgreement. Any conflict between what you or and our employees may say or write will be resolved by reference to the this Membership and Account Agreement DisclosureAgreement.

Appears in 4 contracts

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

Credit Union Liability. If we do not properly complete a transaction according to the Membership and Account Agreement Disclosure, we will be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by law. We will not be liable if: (1) your account contains insufficient funds for the transaction; (2) circumstances beyond our control prevent the transaction; (3) your loss is caused by you or another financial institution’s 's negligence; or (4) your account funds are subject to legal process or other claim. We will not be liable for consequential damages, except liability for wrongful dishonor. We exercise ordinary care if our actions or non actions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearing house rules and general banking practices followed in the area we serve. You grant us the right, in making payments of deposited funds, to rely exclusively on the form of the account and the terms of the Membership and Account Agreement Disclosure. Any conflict between what you or our employees may say or write will be resolved by reference to the Membership and Account Agreement Disclosure.

Appears in 3 contracts

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

Credit Union Liability. If we do not properly complete a transaction according ac- cording to the Membership and Account Agreement Disclosurethis Agreement, we will be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by law. We will not be liable li- able if: (1) your account contains insufficient funds for the transaction; (2) circumstances circum- stances beyond our control prevent the transaction; (3) your loss is caused by you your or another financial institution’s negligence; or (4) your account funds are subject to legal process or other claim. We will not be liable for consequential damages, except liability for wrongful dishonor. We exercise ordinary care if our actions or non non-actions are consistent with applicable state law, Federal Reserve federal reserve regulations and operating letterslet- ters, clearing house rules clearinghouse rules, and general banking financial institution practices followed in the area we serve. You grant us the right, in making payments of deposited funds, to rely exclusively on the form of the account and the terms of the Membership and Account Agreement Disclosurethis Agreement. Any conflict between what you or our employees may say or write will be resolved by reference to the Membership and Account Agreement Disclosurethis Agreement.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Credit Union Liability. If we do not properly complete a transaction according to the Membership and Account Agreement Disclosurethis Agreement, we will be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by lawlaw . We will w ill not be liable liable, for example, if: (1) your account contains insufficient funds for the transaction; (2) circumstances beyond our control prevent the transaction; (3) your loss is caused by you your or another financial institution’s ' s negligence; or (4) your account funds are subject to legal process or other claim. We will w ill not be liable for consequential damages, except liability for wrongful dishonor. We exercise ordinary care if our actions or non actions nonactions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearing house rules clearinghouse rules, and general banking financial institution practices followed follow ed in the area we serve. You grant us the right, in making payments of deposited funds, to rely exclusively on the form of the account and the terms of the Membership and Account Agreement Disclosurethis Agreement. Any conflict between regarding what you or and our employees may say or write will w rite w ill be resolved by reference to this Agreement. The amount of our liability shall not exceed $50, the Membership and Account Agreement Disclosureamount of the transaction, or the amount or your loss, whichever is less, except as otherw ise required by law .

Appears in 1 contract

Samples: Membership and Account Agreement

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Credit Union Liability. If we do not properly complete a transaction according to the Membership and Account Agreement Disclosure, we will be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by law. We will not be liable if: (1) your account contains insufficient funds for the transaction; (2) circumstances beyond our control prevent the transaction; (3) your loss is caused by you or another financial institution’s 's negligence; or (4) your account funds are subject to legal process or other claim. We will not be liable for consequential damages, except liability for wrongful dishonor. We exercise ordinary care if our actions or non non-actions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearing house rules and general banking practices followed in the area we serve. You grant us the right, in making payments of deposited funds, to rely exclusively on the form of the account and the terms of the Membership and Account Agreement Disclosure. Any conflict between what you or our employees may say or write will be resolved by reference to the Membership and Account Agreement Disclosure.

Appears in 1 contract

Samples: Membership and Account Agreement

Credit Union Liability. If we do not properly complete a transaction according to the Membership and Account Agreement Disclosurethis Agreement, we will be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by law. We will not be liable if: (1) your account contains insufficient funds for the transaction; (2) circumstances beyond our control prevent the transaction; (3) your loss is caused by you your or another financial institutioninsti- tution’s negligence; or (4) your account funds are subject to legal process or other claim. We will not be liable for consequential damages, except liability for wrongful dishonor. We exercise ordinary care if our actions or non non-actions are consistent with applicable state law, Federal Reserve federal reserve regulations and operating letters, clearing house rules clearinghouse rules, and general banking gen- eral financial institution practices followed in the area we serve. You grant us the right, in making payments of deposited funds, to rely exclusively on the form of the account and the terms of the Membership and Account Agreement Disclosurethis Agreement. Any conflict between what you or our employees may say or write will be resolved by reference to the Membership and Account Agreement Disclosure.or

Appears in 1 contract

Samples: Membership and Account Agreement

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