Please examine your statement immediately. We will assume that the balances it shows are correct unless you notify us of any disagreement within 60 days.
The Billing Rights Summary applies only to consumer accounts held by a natural person established primarily for personal, family, or household purposes.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR BILL
If you think your statement is wrong, or if you need more information about a transaction on your statement, write us on a separate sheet at P.O. Box 431, Hebron, ND 58638 as soon as possible. We must hear from you no later than 60 days after we sent you the first statement on which the error or problem appeared. You can telephone us, but doing so will not preserve your rights.
In your letter, give us the following information:
You do not have to pay any amount in question while we are investigating, but you are still obligated to pay parts of your statement that are not in question. While we investigate your question, we cannot report you as delinquent or take any action to collect the amount you question.
SPECIAL RULE FOR CREDIT CARD PURCHASES. If you have a problem with the quality of goods or services that you purchased with a credit card, and you have tried in good faith to correct the problem with the merchant, you may not have to pay the remaining amount due on the goods or services. You have this protection only when the purchase price was more than $50 and the purchase was made in your home state or within 100 miles of your mailing address. If we own or operate the merchant, or if we mailed you the advertisement for the property or services, all purchasers are covered regardless of amount or location of purchase.
HOW FINANCE CHARGES ARE COMPUTED ON AN OVERDRAFT PROTECTION ACCOUNT
Finance charges begin to accrue immediately when we make a loan to you. To figure the finance charge for a billing cycle, we apply a daily periodic rate of finance charge to the "average daily balance" of your loan account for the billing cycle. We then multiply that figure by the number of days in the billing cycle. The average daily balance is computed as follows: First, we take your loan account balance at the beginning of the day and subtract any unpaid finance charges and credit insurance premiums (if any) that are due. Next, we subtract the portion of any payments or credits received that day which apply to the repayment of your loans. (A portion of each payment you make is applied to finance charges and credit insurance premiums, if any.) Then we add any new loans made that day. This gives us the daily balance. Then we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. This gives us the "average daily balance."
Automatic payments taken at the end of the billing cycle are not credited to the account until the following business day.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS
If you think your statement or receipt is wrong or if you need more information about a transfer on the statement or receipt, we must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. Telephone us at (701) 878-4416 or write us at P.O. Box 431, Hebron, ND 58638.
We will investigate your complaint and will correct any error promptly. If we take more than 10 business days to do this, we will credit your account for the amount you think is in error, so that you will have use of the money during the time it takes us to complete our investigation.