Business Accounts - Error Resolution

Posted By: complofcr

Business Accounts - Error Resolution - 05/18/18 02:15 PM

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!
Posted By: rlcarey

Re: Business Accounts - Error Resolution - 05/18/18 02:20 PM

What regulation? Regulation E? It does not apply to business purpose accounts.
Posted By: complofcr

Re: Business Accounts - Error Resolution - 05/18/18 02:46 PM

So if a business customer finds an error is there a time limit on when they have to notify the bank?
Posted By: rlcarey

Re: Business Accounts - Error Resolution - 05/18/18 02:52 PM

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.
Posted By: complofcr

Re: Business Accounts - Error Resolution - 05/18/18 03:02 PM

Sorry! I'm not sure what kind of error. I was asked the question and didn't realize there were different rules.