Common use of Stop Payment Request Clause in Contracts

Stop Payment Request. You may, upon timely and proper request, ask the Credit Union to stop payment on any draft or other payment order drawn upon your Share Draft Account. You may request a stop payment by telephone, mail or by appearing in person at the Credit Union. The stop payment will be effective if the Credit Union receives the order in time for the Credit Union to act upon the order and you provide the number of the account, date and number of the item, its exact amount and to whom it was issued. If you give the Credit Union incorrect or incomplete information, the Credit Union will not be responsible for failing to stop payment on an item. If the stop payment order is not received in time for the Credit Union to act upon the order, the Credit Union will not be liable to you or to any other party for payment of the item. If we re-credit your account after paying a draft over a valid and timely stop payment order, you agree to sign a statement describing the dispute with the payee, to transfer to the Credit Union all of your rights against the payee or other holders of the item and to assist the Credit Union in legal action taken against the person(s).

Stop Payment Request. You may, upon timely and proper request, may ask the Credit Union credit union to stop payment on any draft or other payment order check drawn upon your Share Draft Accountchecking account. You may request a stop payment by telephone, mail by mail, or by appearing in person at the Credit Unionperson. The stop payment will be effective if the Credit Union credit union receives the order in time for the Credit Union credit union to act upon the order and you provide state the number of the account, date and number of the item, check and its exact amount and amount. You understand that the exact information is necessary for the credit union’s computer to whom it was issuedidentify the check. If you give the Credit Union incorrect credit union incorrect, incomplete, or incomplete untimely information, the Credit Union credit union will not be responsible for failing to stop payment on an itemthe check. If the stop payment order is not received in time for the Credit Union credit union to act upon the order, the Credit Union credit union will not be liable to you or to any other party for payment of the item. If we re-credit recredit your account after paying a draft check over a valid and timely stop payment order, you agree to sign a statement describing the dispute with the payee, to transfer to the Credit Union all of your rights against the payee or other holders of the item check to the credit union, and to assist the Credit Union credit union in legal action taken against the person(s)person.