Common use of Rights Regarding Substitute Checks Clause in Contracts

Rights Regarding Substitute Checks. In certain cases, federal law provides a special procedure allowing you to request a refund for losses suffered if a substitute check is posted to your account (i.e. you think the Credit Union withdrew an incorrect amount from your account or that the Credit Union withdrew money from your account more than once for the same check). i. The losses you may attempt to recover under this procedure may include the amount withdrawn from your account and the fees that resulted from the withdraw

Rights Regarding Substitute Checks. In certain cases, federal law provides a special procedure allowing you to request a refund for losses suffered if a substitute check is posted to your account (i.e. you think the Credit Union withdrew an incorrect amount from your account or that the Credit Union withdrew money from your account more than once for the same check). i. The losses you may attempt to recover under this procedure may include the amount withdrawn from your account and the fees that resulted from the withdraw e. Non-Sufficient Funds).