Common use of Suspension of an Action or Transaction Clause in Contracts

Suspension of an Action or Transaction. For your and our protection and/or to manage our business, you understand we may suspend (hold and delay) an action or trans- action on an account, loan, product or service for any reason not prohibited by law, including: 1) methods inoperative due to emer- gencies or problems, 2) the product or service has been terminat- ed, 3) we are unable to contact you, 4) failure to provide required ID or information, 5) failure to use a required method or docu- ment, 6) exceeding a limit or an amount set by us, 7) failure to meet a minimum balance for thirty (30) days, 8) inactive or aban- doned products or services, 9) deposited check funds are not available, 10) funds are collateral for an obligation, 11) overuse of actions on products or services, 12) any lost or stolen check, card or access device, 13) a breach of or unauthorized access to a product or service, 14) business or compliance purposes, 15) to stop or prevent a loss, 16) the appearance of lack of capacity or victim of undue influence, 17) failure to comply with any term of a contract, 18) funds held or offset per a security interest or lien, 19) account and/or funds held for a dispute or uncertainty, 20) unpaid check(s) or EFT(s) for insufficient funds or stop pay, 21) deposit- ed item(s) charged back for nonpayment or a claim, 22) a gar- nishment, levy or similar legal claim or notice, 23) default on any obligation, 24) limited to a savings account and voting by mail, 25) ineligible for membership, 26) membership terminated, 27) notifi- cation of death, 28) the owner for IRS reporting is removed or de- ceased, 29) causing us a loss, 30) not voluntarily repaying a loss, 31) anything unethical or unlawful concerning our business, 32) belief an action or transaction may be fraudulent, 33) any altera- tion, forgery or fraud concerning our business, 34) any falsifica- tion or misrepresentation concerning our business, 35) any al- leged crime concerning our business, 36) abuse of or threats to anyone associated with us, or 37) any other reason we believe is appropriate to manage the business of our Credit Union.

Suspension of an Action or Transaction. For your and our protection and/or to manage our business, you understand we may suspend (hold and delay) an action or trans- action on an account, loan, product or service for any reason not prohibited by law, including: 1) our methods are inoperative due to emer- gencies emergencies or problems, 2) the product or service has been terminat- edter- minated, 3) we are unable to contact you, 4) failure to provide required ID re- quired documentation, information or informationID, 5) failure to use a required method or docu- mentdocument, 6) exceeding a limit or an amount set by us, 7) failure to meet a minimum balance for thirty (30) days, 8) inactive or aban- doned abandoned products or services, 9) deposited check funds are not available, 10) funds are collateral for an obligation, 11) overuse of actions on our products or services, 12) any lost or stolen check, card or access device, 13) a breach of or unauthorized access to a product or service, 14) business or compliance purposes, 15) to stop or prevent a loss, 16) the appearance of potential lack of capacity or victim of undue influence, 17) failure to comply with any term of a contract, 18) funds held or offset per a security interest or lien, 19) account and/or funds held for a dispute or uncertainty, 20) unpaid check(s) or EFT(s) for insufficient funds or stop paypayment orders, 21) deposit- ed depos- ited item(s) charged back for nonpayment or a claim, 22) a gar- nishmentgarnish- ment, levy or similar legal claim or notice, 23) default on any obligationobli- gation, 24) limited to a savings account and voting by mail, 25) ineligible for membership, 26) membership terminated, 27) notifi- cation of death, 28) the owner for IRS reporting is removed or de- ceased, 29) causing us a loss, 30) not voluntarily repaying a loss, 31) anything unethical or unlawful concerning you or your or our business, 32) our belief that an action or transaction may be fraudulentfraud- ulent, 33) any altera- tionalteration, forgery or fraud concerning you or your or our business, 34) any falsifica- tion falsification or misrepresentation concerning you or your or our business, 35) any al- leged alleged crime concerning you or your or our business, 36) abuse of or threats to anyone associated associ- ated with us, or 37) any other reason we believe is appropriate to manage the business of our Credit Union.