Common use of Inactive or Dormant Accounts Clause in Contracts

Inactive or Dormant Accounts. 7.1 We will observe the stipulations under law regarding disposal of balances for inactive and or dormant accounts that have been deemed as abandoned property. Unless we have agreed otherwise with you, we will charge the standard fees and commissions related to the management of dormant and or inactive accounts. Credit interest will cease to accrue on any accounts deemed as dormant.