Common use of Your Liability for Unauthorized Use Clause in Contracts

Your Liability for Unauthorized Use. If you believe your Card or your PIN has been lost or stolen or that someone has transferred or may transfer money from your accounts without your permission, tell us AT ONCE. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account plus your credit limit. If you tell us within two (2) business days, you can lose no more than $50.00 if someone uses your Card or PIN and we can prove we could have stopped someone from using your Card or your PIN without your permission. If you do not tell us within two business days after you learn of the loss or theft of your Card or PIN and we can prove we could have stopped someone from using the Card or your PIN without your permission if you had told us, you could lose as much as $500.00. These losses occur only if you are found negligent. Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within sixty (60) days after the statement is mailed to you, you may not get back any money that you have lost after the sixty (60) days if we can prove that we could have stopped someone from taking the money if you has told us in time.

Appears in 2 contracts

Samples: Membership and Account Agreement, www.cypruscu.com

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Your Liability for Unauthorized Use. If you believe your Card or your PIN has been lost or stolen or that someone has transferred or may transfer money from your accounts without your permission, tell us AT ONCE. Telephoning is the best way of keeping keep- ing your possible losses down. You could lose all the money in your account plus your credit limit. If you tell us within two (2) business days, you can lose no more than $50.00 if someone uses your Card or PIN and we can prove we could have stopped someone from using your Card or your PIN without your permission. If you do not tell us within two business busi- ness days after you learn of the loss or theft of your Card or PIN and we can prove we could have stopped someone from using the Card or your PIN without your permission if you had told us, you could lose as much as $500.00. These losses occur only if you are found negligent. Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within sixty (60) days after the statement is mailed to you, you may not get back any money that you have lost after the sixty (60) days if we can prove that we could have stopped someone from taking the money if you has have told us in time.

Appears in 1 contract

Samples: www.cypruscu.com

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Your Liability for Unauthorized Use. If you believe your Card or your PIN has been lost or stolen or that someone has transferred or may transfer money from your accounts without your permission, tell us AT ONCE. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account plus your credit limit. If you tell us within two (2) business days, you can lose no more than $50.00 if someone uses your Card or PIN and we can prove we could have stopped someone from using your Card or your PIN without your permission. If you do not tell us within two business days after you learn of the loss or theft of your Card or PIN and we can prove we could have stopped someone from using the Card or your PIN without your permission if you had told us, you could lose as much as $500.00. These losses occur only if you are found negligent. Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within sixty (60) days after the statement is mailed to you, you may not get back any money that you have lost after the sixty (60) days if we can prove that we could have stopped someone from taking the money if you has have told us in time.

Appears in 1 contract

Samples: Membership and Account Agreement

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