NEGATIVE INFORMATION NOTICE definition
NEGATIVE INFORMATION NOTICE. We may report information about Your account to credit bureaus. Late payments, missed payments, or other defaults on Your account may be reflected in Your credit report.
NEGATIVE INFORMATION NOTICE. We may report information about your loan, share or deposit accounts to credit bureaus. Late payments, missed payments, or other defaults on your accounts may be reflected in your credit report. The account closure may be turned over to Chexsystems, Inc., an account verification network which will keep your name on file for 5 years. In addition, if there are any monies due on your checking account at the time of closure, that will also be turned over to ChexSystems for collection.
NEGATIVE INFORMATION NOTICE. We may report information about your loan, share or deposit accounts to credit bureaus. Late payments, missed payments, or other defaults on your accounts may be reflected in your credit report. Legal Process: If any legal action is brought against your account, we may pay out funds according to the terms of the action or refuse any payout until the dispute is resolved. Any expenses or attorney fees we incur in responding to legal process may be charged against your account without notice, unless prohibited by law. Any legal process against your account is subject to our lien and security interest. Governing Law: Your accounts and this Agreement, including the interpretation and construction of this Agreement, are governed by the following, as amended from time to time: the Credit Union’s bylaws; local clearinghouse and other payment system rules; federal laws and regulations, including applicable principles of contract law; and the laws and regulations of the Commonwealth of Pennsylvania, without regard to conflict of law provisions. Your accounts are located and maintained in Pennsylvania. Venue; Jury Trial Waiver: Except as provided in the Arbitration Agreement, any action or proceeding arising out of or relating to this Agreement shall be brought in the same city as the U.S. District Court closest to the last known address shown in our records for the primary accountholder, unless the parties mutually agree to a different location. You and we agree to waive any right to a jury trial. Limitation on Time to Sue: Any action or proceeding by you to enforce an obligation, duty or right arising under this Agreement or by law with respect to your account or any account service must be commenced within one year after the cause of action accrues.
Examples of NEGATIVE INFORMATION NOTICE in a sentence
NEGATIVE INFORMATION NOTICE - We may report information about your loan, share or deposit accounts to credit bureaus.
NEGATIVE INFORMATION NOTICE - We may report information about your account to credit bureaus.
More Definitions of NEGATIVE INFORMATION NOTICE
NEGATIVE INFORMATION NOTICE. We may also report information concerning your Account and credit to others, including credit bureaus. Late payments, missed payments or other defaults on your Account may be reflected in your credit report. Taxpayer Identification Numbers (TIN) and Certification and Identification: Pursuant to the Signature Card used to open your Account with us, you provided a certification regarding the accuracy of your taxpayer identification number and whether your Account is subject to backup withholding under the Internal Revenue Code. This certification applies to any and all Accounts you have with us now or in the future, unless you provide written notification to us that specifically provides otherwise. You agree to comply with all our requirements for identification which we may require, including photographing, video recording and providing fingerprints or other biometrics.
NEGATIVE INFORMATION NOTICE. We may report information about your loan, share or deposit accounts to credit bureaus. Late payments, missed payments, or other defaults on your accounts may be reflected in your credit report. Legal Process: If any legal action is brought against your account, we may pay out funds according to the terms of the action or refuse any payout until the dispute is resolved. Any expenses or attorney fees we incur in responding to legal process may be charged against your account without notice, unless prohibited by law. Any legal process against your account is subject to our lien and security interest. Governing Law; Venue; Jury Trial Waiver: This Agreement, including the interpretation and construction of this Agreement, is governed by the Credit Union’s Bylaws, federal laws and regulations and the laws and regulations of the Commonwealth of Pennsylvania, as amended from time to time, without regard to conflict of law provisions. Any action or proceeding arising out of or relating to this Agreement shall take place in the United States District Court for the Eastern District of Pennsylvania or the Magisterial District Courts and Courts of Common Pleas of the Commonwealth of Pennsylvania located in Berks County. You agree that you will not raise a defense of lack of personal jurisdiction or inconvenient forum in these venues. You agree to waive your right to a jury trial. Limitation on Time to Sue: Any action or proceeding by you to enforce an obligation, duty or right arising under this Agreement or by law with respect to your account or any account service must be commenced within one year after the cause of action accrues.
NEGATIVE INFORMATION NOTICE. We may report information about your loan, share or deposit accounts to credit bureaus. Late payments, missed payments, or other defaults on your accounts may be reflected in your credit report. Legal Process: If any legal action is brought against your account, we may pay out funds according to the terms of the action or refuse any payout until the dispute is resolved. Any expenses or attorney fees we incur in responding to legal process may be charged against your account without notice, unless prohibited by law. Any legal process against your account is subject to our lien and security interest. Governing Law; Venue; Jury Trial Waiver: This Agreement, including the interpretation and construction of this Agreement, is governed by the Credit Union’s Bylaws, federal laws and regulations and the laws and regulations of the Commonwealth of Pennsylvania, as amended from time to time, without regard to conflict of law provisions. Except as provided in the Arbitration Agreement, any action or proceeding arising out of or relating to this Agreement shall take place in the United States District Court for the Eastern District of Pennsylvania or the Magisterial District Courts and Courts of Common Pleas of the Commonwealth of Pennsylvania located in Berks County. You agree that you will not raise a defense of lack of personal jurisdiction or inconvenient forum in these venues. You agree to waive your right to a jury trial.