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#2178669 - 05/18/18 02:15 PM Business Accounts - Error Resolution
complofcr Offline
100 Club
Joined: Apr 2010
Posts: 180
SE USA
Can someone tell me what the error resolution procedures are for a business account? In reading the reg it states consumer but I don't see a specific exclusion for business accounts.
Thanks!

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#2178672 - 05/18/18 02:20 PM Re: Business Accounts - Error Resolution complofcr
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,618
Galveston, TX
What regulation? Regulation E? It does not apply to business purpose accounts.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2178687 - 05/18/18 02:46 PM Re: Business Accounts - Error Resolution complofcr
complofcr Offline
100 Club
Joined: Apr 2010
Posts: 180
SE USA
So if a business customer finds an error is there a time limit on when they have to notify the bank?

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#2178690 - 05/18/18 02:52 PM Re: Business Accounts - Error Resolution complofcr
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,618
Galveston, TX
What sort of error are you referring too? A error involving ACH, debit card? The rules are different, so you are going to have to get much more specific.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2178699 - 05/18/18 03:02 PM Re: Business Accounts - Error Resolution complofcr
complofcr Offline
100 Club
Joined: Apr 2010
Posts: 180
SE USA
Sorry! I'm not sure what kind of error. I was asked the question and didn't realize there were different rules.

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