Common use of CREDIT INSURANCE Clause in Contracts

CREDIT INSURANCE. Credit Life or Credit Disability Insurance is not required as a condition of credit. If I choose voluntary Credit Life and/or Credit Disability Insurance, the premiums for such coverage will be added to my outstanding balance. If I do not make any payment when due, you may at your option, cancel such coverage. You may also have the option of paying the insurance premiums and adding them to my outstanding balance where they will be subject to the annual percentage rate disclosed.

Appears in 6 contracts

Samples: Multi Featured Loan Agreement and Security Agreement, Multi Featured Loan Agreement and Security Agreement, Multi Featured Loan Agreement and Security Agreement

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