30-Day Forgery Notice Rules Deny Elder Financial Fraud Claims
When an elderly or incapacitated account holder is defrauded via forged checks over an extended hospitalization, banks can deny the resulting fraud claim by citing a 30-day statement-review window that the victim's family had no realistic way to meet. This structural rule shifts liability for extended-pattern forgery onto vulnerable account holders rather than the bank, even after a police report and formal dispute are filed.
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Consumer & Lifestyle · Personal Finance