SECTION 14.8. Account Statements

(a) The depository may provide periodic account statements to depository account holders. As provided in the depository account agreement, upon receipt of an account statement the depository account holder is responsible for:

(1) promptly examining each account statement received from the depository; and

(2) giving notice of any discrepancy in the account statement to the depository within thirty days of the date of the account statement.

(b) Provision of a periodic account statement constitutes notice of denial of liability for any transaction that is not reflected on the account statement.

Source Note: The provisions of this §14.8 adopted to be effective December 27, 2017, 42 TexReg 7411