Common use of Our Responsibility for Errors Clause in Contracts

Our Responsibility for Errors. If we are responsible for an erroneous action or transaction, we may be liable to you for losses up to the amount of the action or transaction unless otherwise required by law. We will not be liable for losses arising from: 1) insufficient funds to complete a transac- tion, 2) your negligence or the negligence of others, 3) your failure to follow any time limits, deadlines or amount limits as explained in the MSA, your other contracts and loans with us, as applicable, 4) circumstances beyond our control that prevent the performance of an action or transaction (such as natural disasters or other emer- gencies or problems), 5) occasions where you or we have entered information about an account, loan, product, service, action, trans- action or you in our records on your request that you could have reviewed, changed, corrected and/or terminated but failed to do so, or 6) any losses caused by your failure to follow any term of the MSA, your other contracts or loans with us, as applicable. Our con- duct in managing all products, services, actions and transactions will constitute the use of ordinary care if such conduct is consistent with applicable law, Federal Reserve regulations and operating cir- culars, clearing house rules and general banking practices followed in the area in which we service the accounts with us. If we ever disburse an amount of funds greater than you request or order to any person or organization you know (e.g., relative, friend, em- ployee, business associate, creditor, etc.), you agree to assist us in recovering our funds, including participation in collection, litiga- tion and prosecution. Finally, if you report that an action or trans- action on an account, loan, product or service is erroneous or un- authorized, and we determine the action or transaction was taken, conducted and/or assisted by your family member, friend or em- ployee (which is potentially a crime), we will investigate your use of ordinary care concerning the action or transaction. If we determine you failed to use ordinary care (i.e., were negligent) concerning the action or transaction on the account, loan, product or service (and the loss is not covered by the Electronic Fund Transfer Act), you agree to take responsibility for recovering any loss. You under- stand you are in the best position to address the loss and potential crime with your family member, friend or employee, rather than im- posing the cost on the members of our Credit Union.

Our Responsibility for Errors. If we are responsible for an erroneous action or transaction, we may be liable to you for losses up to the amount of the action or transaction unless otherwise required by law. We will not be liable for losses arising from: 1) insufficient funds to complete a transac- tion, 2) your negligence or the negligence of others, 3) your failure to follow any time limits, deadlines or amount limits as explained in the MSABSA, your other contracts and loans with us, as applicable, 4) circumstances beyond our control that prevent the performance of an action or transaction (such as natural disasters or other emer- gencies or problems), 5) occasions where you or we have entered information about an account, loan, product, service, action, trans- action or you in our records on your request that you could have reviewed, changed, corrected and/or terminated but failed to do so, or 6) any losses caused by your failure to follow any term of the MSABSA, your other contracts or loans with us, as applicable. Our con- duct in managing all products, services, actions and transactions will constitute the use of ordinary care if such conduct is consistent with applicable law, Federal Reserve regulations and operating cir- culars, clearing house rules and general banking practices followed in the area in which we service the accounts with us. If we ever disburse an amount of funds greater than you request or order to any person or organization you know (e.g., relative, friend, em- ployee, business associate, creditor, etc.), you agree to assist us in recovering our funds, including participation in collection, litiga- tion and prosecution. Finally, if you report that an action or trans- action on an account, loan, product or service is erroneous or un- authorized, and we determine the action or transaction was taken, conducted and/or assisted by your family member, friend or em- ployee (which is potentially a crime), we will investigate your use of ordinary care concerning the action or transaction. If we determine you failed to use ordinary care (i.e., were negligent) concerning the action or transaction on the account, loan, product or service (and the loss is not covered by the Electronic Fund Transfer Act)service, you agree to take responsibility for recovering any loss. You under- stand you are in the best position to address the loss and potential crime with your family member, friend or employee, rather than im- posing the cost on the members of our Credit Union.

Our Responsibility for Errors. ‌ If we are responsible for an erroneous action or transaction, we may be liable to you for losses up to the amount of the action or transaction unless otherwise required by law. We will not be liable for losses arising from: 1) insufficient funds to complete a transac- tion, 2) your negligence or the negligence of others, 3) your failure to follow any time limits, deadlines or amount limits as explained in the MSA, your other contracts and loans with us, us as applicable, 4) circumstances beyond our control that prevent the performance of an action or transaction (such as natural disasters or other emer- gencies or problems), 5) occasions where you or we have entered information about an account, loan, product, service, action, trans- action or you in our records on your request that you could have reviewed, changed, corrected and/or terminated but failed to do so, or 6) any losses caused by your failure to follow any term of the MSA, your other contracts or loans with us, us as applicable. Our con- duct in managing all products, services, actions and transactions will constitute the use of ordinary care if such conduct is consistent with applicable law, Federal Reserve regulations and operating cir- culars, clearing house rules and general banking practices followed in the area in which we service the accounts with usour accounts. If we ever disburse an amount of funds greater than you request or order to any person or organization you know (e.g., relative, friend, em- ployeeemployee, business associate, creditor, etc.), you agree to assist us in recovering our funds, including participation in collection, litiga- tion litigation and prosecutionprosecu- tion. Finally, if you report that an action or trans- action transaction on an accountac- count, loan, product or service is erroneous or un- authorizedunauthorized, and we determine the action or transaction was taken, conducted and/or assisted by your family member, friend or em- ployee employee (which is potentially a crime), we will investigate your use of ordinary care concerning the action or transaction. If we determine you failed to use ordinary care (i.e., were negligent) concerning the action or transaction on the account, loan, product or service (and the loss is not covered by the Electronic Fund Transfer Act), you agree to take responsibility re- sponsibility for recovering any loss. You under- stand understand you are in the best position to address the loss and potential crime with your family fam- ily member, friend or employee, rather than im- posing imposing the cost on the members of our the Credit Union.

Our Responsibility for Errors. If we are responsible for an erroneous action or transaction, we may be liable to you for losses up to the amount of the action or transaction unless otherwise required by law. We will not be liable for losses arising from: 1) insufficient funds to complete a transac- tiontransaction, 2) your negligence or the negligence of others, 3) your failure to follow any time limits, deadlines or amount limits as explained in the MSA, your other contracts con- tracts and loans with us, us as applicable, 4) circumstances beyond our control that prevent pre- vent the performance of an action or transaction (such as natural disasters or other emer- gencies emergencies or problems), 5) occasions where you or we have entered information about an account, loan, product, service, action, trans- action transaction or you in our records on your request that you could have reviewed, changed, corrected and/or terminated but failed to do so, or 6) any losses caused by your failure to follow any term of the MSA, your other contracts or loans with us, us as applicable. Our con- duct conduct in managing all products, services, actions and transactions will constitute the use of ordinary care if such conduct is consistent with applicable law, Federal Reserve regulations and operating cir- cularscirculars, clearing house rules and general banking practices followed in the area in which we service the accounts with usour accounts. If we ever disburse an amount of funds greater than you request or order to any person or organization you know (e.g., relativerela- tive, friend, em- ployeeemployee, business associate, creditor, etc.), you agree to assist us in recovering our funds, including participation in collection, litiga- tion litigation and prosecution. Finally, if you report that an action or trans- action transaction on an account, loan, product or service is erroneous or un- authorizedunauthorized, and we determine the action or transaction was taken, conducted and/or assisted by your family member, friend or em- ployee employee (which is potentially a crime), we will investigate your use of ordinary care concerning concern- ing the action or transaction. If we determine you failed to use ordinary care (i.e., were negligent) concerning the action or transaction on the account, loan, product or service (and the loss is not covered by the Electronic Fund Transfer Act), you agree to take responsibility for recovering any loss. You under- stand understand you are in the best position posi- tion to address the loss and potential crime with your family member, friend or employeeem- ployee, rather than im- posing imposing the cost on the members of our the Credit Union.

Our Responsibility for Errors. ‌ If we are responsible for an erroneous action or transaction, we may be liable to you for losses up to the amount of the action or transaction transac- tion unless otherwise required by law. We will not be liable for losses arising from: 1) insufficient funds to complete a transac- tiontransaction, 2) your negligence or the negligence of others, 3) your failure to follow any time limits, deadlines or amount limits as explained in the MSA, your other contracts and loans with us, us as applicable, 4) circumstances beyond our control that prevent the performance of an action or transaction (such as natural disasters or other emer- gencies emergencies or problems), 5) occasions where you or we have entered information about an accountac- count, loan, product, service, action, trans- action transaction or you in our records on your request that you could have reviewed, changed, corrected and/or terminated but failed to do so, or 6) any losses caused by your failure to follow any term of the MSA, your other contracts or loans with us, us as applicable. Our con- duct conduct in managing all products, servicesser- vices, actions and transactions will constitute the use of ordinary care if such conduct is consistent with applicable law, Federal Reserve regulations and operating cir- cularscirculars, clearing house rules and general banking practices followed in the area in which we service the accounts with usour ac- counts. If we ever disburse an amount of funds greater than you request re- quest or order to any person or organization that you know (e.g., relativerel- ative, friend, em- ployeeemployee, business associate, creditor, etc.), you agree to assist us in recovering our funds, including participation in collectioncollec- tion, litiga- tion litigation and prosecution. Finally, if you report that an action or trans- action transaction on an account, loan, product or service is erroneous or un- authorizedunauthorized, and we determine that the action or transaction was taken, conducted and/or assisted by your family member, friend or em- ployee employee (which is potentially a crime), we will investigate your use of ordinary care concerning the action or transaction. If we determine that you failed to use ordinary care (i.e., were negligent) concerning the action or transaction on the account, loan, product or service (and the loss is not covered by the Electronic Fund Transfer Act), you agree to take responsibility for recovering any loss. You under- stand understand that you are in the best position to address the loss and potential crime with your family member, friend or employee, rather than im- posing the cost on the members of our the Credit Union.

Our Responsibility for Errors. If we are responsible for an erroneous action or transaction, we may be liable to you for losses up to the amount of the action or transaction unless otherwise required by law. We will not be liable for losses arising from: 1) insufficient funds to complete a transac- tiontransaction, 2) your negligence or the negligence of others, 3) your failure to follow any time limits, deadlines or amount limits as explained ex- plained in the MSABSA, your other contracts and loans with us, as applicableap- plicable, 4) circumstances beyond our control that prevent the performance per- formance of an action or transaction (such as natural disasters or other emer- gencies emergencies or problems), 5) occasions where you or we have entered information about an account, loan, product, service, action, trans- action transaction or you in our records on your request that you could have reviewed, changed, corrected and/or terminated but failed to do so, or 6) any losses caused by your failure to follow any term of the MSABSA, your other contracts or loans with us, as applicableapplica- ble. Our con- duct conduct in managing all products, services, actions and transactions will constitute the use of ordinary care if such conduct is consistent with applicable law, Federal Reserve regulations and operating cir- cularscirculars, clearing house rules and general banking practices prac- tices followed in the area in which we service the accounts with us. If we ever disburse an amount of funds greater than you request or order to any person or organization you know (e.g., relative, friend, em- ployeeemployee, business associate, creditor, etc.), you agree to assist us in recovering our funds, including participation in collection, litiga- tion liti- gation and prosecution. Finally, if you report that an action or trans- action on an account, loan, product or service is erroneous or un- authorized, and we determine the action or transaction was taken, conducted and/or assisted by your family member, friend or em- ployee (which is potentially a crime), we will investigate your use of ordinary care concerning the action or transaction. If we determine you failed to use ordinary care (i.e., were negligent) concerning the action or transaction on the account, loan, product or service (and the loss is not covered by the Electronic Fund Transfer Act)service, you agree to take responsibility for recovering any loss. You under- stand you are in the best position to address the loss and potential crime with your family member, friend or employee, rather than im- posing the cost on the members of our Credit Union.

Our Responsibility for Errors. ‌ If we are responsible for an erroneous action or transaction, we may be liable to you for losses up to the amount of the action or transaction transac- tion unless otherwise required by law. We will not be liable for losses arising from: 1) insufficient funds to complete a transac- tiontransaction, 2) your negligence or the negligence of others, 3) your failure to follow any time limits, deadlines or amount limits as explained in the MSA, your other contracts and loans with us, us as applicable, 4) circumstances beyond our control that prevent the performance of an action or transaction (such as natural disasters or other emer- gencies emergencies or problems), 5) occasions where you or we have entered information about an accountac- count, loan, product, service, action, trans- action transaction or you in our records rec- ords on your request that you could have reviewed, changed, corrected cor- rected and/or terminated but failed to do so, or 6) any losses caused by your failure to follow any term of the MSA, your other contracts or loans with us, us as applicable. Our con- duct conduct in managing all products, services, actions and transactions will constitute the use of ordinary care if such conduct is consistent with applicable law, Federal Reserve Re- serve regulations and operating cir- cularscirculars, clearing house rules and general banking practices followed in the area in which we service the accounts with usour accounts. If we ever disburse an amount of funds greater than you request or order to any person or organization that you know (e.g., relative, friend, em- ployeeemployee, business associate, creditor, etc.), you agree to assist us in recovering our funds, including participation in collection, litiga- tion litigation and prosecution. Finally, if you report that an action or trans- action transaction on an account, loan, product or service is erroneous erro- neous or un- authorizedunauthorized, and we determine that the action or transaction transac- tion was taken, conducted and/or assisted by your family member, friend or em- ployee employee (which is potentially a crime), we will investigate your use of ordinary care concerning the action or transaction. If we determine that you failed to use ordinary care (i.e., were negligent) concerning the action or transaction on the account, loan, product or service (and the loss is not covered by the Electronic Fund Transfer Act), you agree to take responsibility for recovering any loss. You under- stand understand that you are in the best position to address the loss and potential crime with your family member, friend or employee, rather than im- posing imposing the cost on the members of our the Credit Union.