Common use of VERIFICATION OF ACCOUNT Clause in Contracts

VERIFICATION OF ACCOUNT. The Depositor will examine each statement of account for the Account and verify the completeness and correctness of the statement of account for the Account. Within 30 days of the date of mailing the statement of account for the Account or making it available for pick up, the Depositor will point out the following to the Credit Union in writing: a) any errors, irregularities or omissions in the statement of account for the Account, and b) any debits wrongly made. From and after the expiration of the 30-day period (except for errors or irregularities pointed out in writing to the Credit Union before the 30 days expire), the Depositor is deemed to have acknowledged that: a) the statement of account for the Account and the balances shown on the statement of account for the Account are correct, b) all amounts charged to the Account are valid, c) the Depositor is not entitled to be credited with any amount not shown on the statement of account for the Account, d) the Depositor has verified the validity of any cheques, other Instruments and instructions, and e) the use of any service shown is correct. After the expiration of the 30-day period (except for errors or irregularities pointed out in writing to the Credit Union before the 30 days expire) the Depositor may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Credit Union for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon a cheque, other Instrument or instruction that is forged, unauthorized or fraudulent. Nothing in this section 45 limits in any way the rights of the Credit Union under this Agreement including, without limitation, the rights of the Credit Union under sections 8, 12, and 44.

VERIFICATION OF ACCOUNT. The Depositor Trustee will examine each statement of account for the Account and verify the completeness and correctness of the statement of account for the Account. Within 30 days of the date of mailing the statement of account for the Account or making it available for pick up, the Depositor Trustee will point out the following to the Credit Union in writing: a) any errors, irregularities or omissions in the statement of account for the Account, and b) any debits wrongly made. From and after the expiration of the 30-day period (except for errors or irregularities pointed out in writing to the Credit Union before the 30 days expire), the Depositor Trustee is deemed to have acknowledged that: a) the statement of account for the Account and the balances shown on the statement of account for the Account are correct, b) all amounts charged to the Account are valid, c) the Depositor Trustee is not entitled to be credited with any amount not shown on the statement of account for the Account, d) the Depositor Trustee has verified the validity of any cheques, other Instruments and instructions, and e) the use of any service shown is correct. After the expiration of the 30-day period (except for errors or irregularities pointed out in writing to the Credit Union before the 30 days expire) the Depositor Trustee may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Credit Union for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon a cheque, other Instrument or instruction that is forged, unauthorized or fraudulent. Nothing in this section 45 limits in any way the rights of the Credit Union under this Agreement including, without limitation, the rights of the Credit Union under sections 8, 12, and 44.

VERIFICATION OF ACCOUNT. The Depositor will examine each statement of account for the Account and verify the completeness and correctness of the statement of account for the Account. Within 30 days of the date of mailing the statement of account for the Account or making it available for pick up, the Depositor will point out the following to the Credit Union in writing: a) any errors, irregularities irregularities, or omissions in the statement of account for the Account, and b) any debits wrongly made. From and after the expiration of the 30-day period (except for errors or irregularities pointed out in writing to the Credit Union before the 30 days expire), the Depositor is deemed to have acknowledged that: a) the statement of account for the Account and the balances shown on the statement of account for the Account are correct, b) all amounts charged to the Account are valid, c) the Depositor is not entitled to be credited with any amount not shown on the statement of account for the Account, d) the Depositor has verified the validity of any cheques, other Instruments Instruments, and instructions, and e) the use of any service shown is correct. After the expiration of the 30-day period (except for errors or irregularities pointed out in writing to the Credit Union before the 30 days expire) ), the Depositor may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Credit Union for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon a cheque, other Instrument Instrument, or instruction that is forged, unauthorized unauthorized, or fraudulent. Nothing in this section 45 44 limits in any way the rights of the Credit Union under this Agreement including, without limitation, the rights of the Credit Union under sections 8, 1211, and 4443.