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  1. Bona Fide Error: What It Is, How It Works, Example

    • A bona fide error is an unintentional mistake or oversight that may be corrected promptly to avoid exposure to legal action. Bona fide is a legal term that is often inserted in documents to indicat… See more

    Understanding The Bona FIDE Error

    An exception for a bona fide error, if included in a legal document, indicates an acknowledgment that … See more

    Investopedia
    Example of A Bona FIDE Error

    The Fair Debt Collection Practices Act, enacted in 2010, cracked down on what it called "abusive, deceptive, and unfair practices" by debt collectors. The law defines the … See more

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