Bona Fide Error

A mistake made without negligence or ill intent. Bond fide errors are common simply because of human nature. If a bona fide error is corrected upon discovery, it is unlikely that the party who made it will have legal liability for any losses resulting from it.

References in periodicals archive

The Seventh Circuit also saw little merit in Household's claim that it did not intentionally violate the FDCPA because it had made a bona fide error in legal judgment.

Lawyer liable for debt collection violations

Bona fide error. Consumers sometimes authorize third-party payees, by telephone or on-line, to submit recurring charges against a credit card account.

FINAL RULE--AMENDMENT TO REGULATION E

The NAB investigators were declaring every administrative action misuse of power and mixing error of judgments or bona fide errors with misuse of power or corruption.

Task forces mull debilitating effect of NAB's intervention

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