Common use of Liability for Failure to Stop Payments of Transfers Clause in Contracts

Liability for Failure to Stop Payments of Transfers. If you order us to stop a preauthorized Electronic Funds Transfer payment three (3) business days or more before the transfer is scheduled, and we do not do so, we will be liable for your actual losses or damages.

Liability for Failure to Stop Payments of Transfers. ‌ If you order us to stop a preauthorized Electronic Funds Transfer payment three (3) business days or more before the transfer is scheduled, and we do not do so, we will be liable for your actual losses or damages.