Common use of Notice of Error Clause in Contracts

Notice of Error. If We receive notice of error pursuant to the Electronic Funds Transfer Act, Regulation E, or other law concerning an Entry processed or authorized to be processed to an account with Us, You agree that You will, within two (2) Business Days after written or oral notice from Us, provide Us with the authorization from client to debit or credit the client’s account and, if applicable, provide proof of sending notice to the client of the varying amount, or other proof satisfactory to Us that the error alleged did not occur. If the referenced docu- ments or proof are not delivered timely, or the documents or proof provided to Us do not provide a reasonable basis for determining that no error occurred, or if the error alleged did occur, We may charge You for the amount of the alleged error and for any penalty imposed upon Us.

Notice of Error. If We we receive a notice of error pursuant to the Electronic Funds Transfer Act, Federal Reserve Regulation E, or other law concerning an Entry processed or authorized to be processed to an account with Usus, You agree that You willyou must, within two (2) Business Days after written or oral notice from Usnotice, provide Us us with the authorization from client to debit or credit the clientdepositor’s account and, if applicable, provide proof of sending notice to the client depositor of the varying amount, or other proof satisfactory to Us us that the error alleged did not occur. If the referenced docu- ments documents or proof are not delivered timely, or the documents or proof provided to Us do not provide give us a reasonable basis for determining that no error occurred, or if the error alleged did occur, We we may charge You you for the amount of the alleged error and for any penalty imposed upon Usus.