Skip to content

Very late Reg E claims

Answered by: 

Is a bank required to investigate a claim if the customer does not report a unauthorized transaction until after the 60 days after the first statement a disputed transaction appeared on?

The bank has liability. How much liability is determined -- by an investigation. I recommend you follow what you would normally do, less the payment of provisional credit and less the required time of completion. Don’t drag it on, but get what is needed to make an informed decision as to liability.

First published on 06/06/2021

Filed under: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics