Common use of Prepayment and Irregular Payments Clause in Contracts

Prepayment and Irregular Payments. You may pay all or part of your loan(s) early, at any time, without paying any penalty. However, payments in excess of your minimum payment will not relieve you of your obligation to make your subsequent minimum payments on the dates when due. Instead of advancing your payment due date, a prepayment or early payment will reduce the principal amounts owing on your account. BECU reserves the right to refuse partial payments. We may accept late payments, partial payments and payments marked “payment in full” that are not sent to the following address without losing our rights under this Agreement. Without losing our rights under this Agreement, we may accept late payments, partial payments and payments marked “payment in full” that are not sent to the address set forth below WITH REGARD TO ANY DISPUTED DEBTS, ALL PAYMENTS OF LESS THAN THE AMOUNTS REQUIRED UNDER THIS AGREEMENT, INCLUDING ANY CHECK OR INSTRUMENT TENDERED AS FULL SATISFACTION OF A DEBT, SHALL BE SENT ONLY TO THE ATTENTION OF: Risk Management Representative – Payment on Disputed Account BECU Seattle, WA 98124-9750 8. Periodic Statements. If your account has an outstanding debit or credit balance in excess of $1.00 at the end of a billing cycle/ statement period, we will send you a statement to the address shown in our records reflecting balances and activity in that account.

Prepayment and Irregular Payments. You may pay all or part of your loan(s) early, at any time, without paying any penalty. However, payments in excess of your minimum payment will not relieve you of your obligation to make your subsequent minimum payments on the dates when due. Instead of advancing your payment due date, a prepayment or early payment will reduce the principal amounts owing on your account. BECU reserves the right to refuse partial payments. We may accept late payments, partial payments and payments marked “payment in full” that are not sent to the following address without losing our rights under this Agreement. Without losing our rights under this Agreement, we may accept late payments, partial payments and payments marked “payment in full” that are not sent to the address set forth below WITH REGARD TO ANY DISPUTED DEBTS, ALL PAYMENTS OF LESS THAN THE AMOUNTS REQUIRED UNDER THIS AGREEMENT, INCLUDING ANY CHECK OR INSTRUMENT TENDERED AS FULL SATISFACTION OF A DEBT, SHALL BE SENT ONLY TO THE ATTENTION OF: Risk Management Representative – Payment on Disputed Account BECU P.O. Box 97050 Seattle, WA 98124-9750 8. Periodic Statements. If your account has an outstanding debit or credit balance in excess of $1.00 at the end of a billing cycle/ statement period, we will send you a statement to the address shown in our records reflecting balances and activity in that account.9750

Prepayment and Irregular Payments. You may pay all or part of your loan(s) early, at any time, without paying any penalty. However, payments in excess of your minimum payment will not relieve you of your obligation to make your subsequent minimum payments on the dates when due. Instead of advancing your payment due date, a prepayment or early payment will reduce the principal amounts owing on your account. BECU reserves the right to refuse partial payments. We may accept late payments, partial payments and payments marked “payment in full” that are not sent to the following address without losing our rights under this Agreement. Without losing our rights under this Agreement, we may accept late payments, partial payments and payments marked “payment in full” that are not sent to the address set forth below below. WITH REGARD TO ANY DISPUTED DEBTS, ALL PAYMENTS OF LESS THAN THE AMOUNTS REQUIRED UNDER THIS AGREEMENT, INCLUDING ANY CHECK OR INSTRUMENT TENDERED AS FULL SATISFACTION OF A DEBT, SHALL BE SENT ONLY TO THE ATTENTION OF: Risk Management Representative – Payment on Disputed Account BECU P.O. Box 97050 Seattle, WA 98124-9750 8. Periodic Statements. If your account has an outstanding debit or credit balance in excess of $1.00 at the end of a billing cycle/ statement period, we will send you a statement to the address shown in our records reflecting balances and activity in that account.9750