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- Title
When Is an Unauthorized Electronic Funds Transfer Claim Time Barred? Navigating Through Article 4A's Repose and Limitation Periods.
- Authors
Hargitai, Peter P.
- Abstract
If a bank accepts an unauthorized order, the bank must refund the payment to the customer with interest. The bank has a few key defenses, including that the customer failed to timely object to the order. This article focuses on the timing of the customer's objection. In order to preserve its claims, by when must the customer object to the disputed transaction or bring a lawsuit?.
- Subjects
BANKING industry customer services; BANKING laws; ELECTRONIC funds transfers; BOND refunding; DEFENSE (Civil procedure)
- Publication
Banking Law Journal, 2016, Vol 133, Issue 10, p609
- ISSN
0005-5506
- Publication type
Article