Common use of Deposit Account Clause in Contracts

Deposit Account. If you are issued a secured Card, you have signed or will be required to sign a separate security agreement pledging a specific, non-withdrawable portion of your shares and/or deposits in BECU to secure your Card. The amount of the security for such a Card is the amount of your credit limit and you may not have any access to or control of that amount. Shares and/or deposits of a covered member of the armed forces or a dependent of such a member shall not be subject to any agreement by BECU to issue a secured card that is prohibited under the Military Lending Act.

Appears in 11 contracts

Samples: Credit And, Credit And, Credit And

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Deposit Account. If you are issued a secured Card, you have signed or will be required to sign a separate security agreement pledging a specific, non-withdrawable portion of your shares and/or deposits in BECU to secure your Card. The amount of the security for such a Card is the amount of your credit limit and you may not have any access to or control of that amount. Shares and/or deposits of a covered member of the armed forces or a dependent of such a member shall not be subject to any agreement by BECU to issue a secured card that is prohibited under the Military Lending Act.

Appears in 5 contracts

Samples: Becu Credit And, Becu Credit And, Becu Credit And

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