3 ms·
When I worked as a mortgage processor this was a major issue we would try to ensure we got right. Fortunately we wired money to title companies who would just g
by MeinBlutIstBlau 6y ago
When I worked as a mortgage processor this was a major issue we would try to ensure we got right. Fortunately we wired money to title companies who would just give us money back if we screwed up because they wanted our business.
I can't see a federal judge siding with this. A business transaction conducted in error by a lower employee does not entitled you to excessive funds like this. Like I'm not kidding, I could've wired 1 million dollars to wherever at a moment's notice. My supervisors wouldn't know until accounting caught it days even weeks ahead of time...if they caught it.
- crymer11 6y agoA federal judge did side with this. This fell into one of the limited exceptions to the law that would require the recipients to normally return the funds, since they were owed the money disbursed and weren’t notified about the mistake prior to receiving the money.
- throw2838 6y agoSo your company has no obligation, but random person has to keep track of your money, and send it back ASAP? Very convenient, you should also demand interest on your money...