Third party verification or TPV definition
Third party verification or TPV means consent from the customer agreeing to each of the below-listed material contract terms that is recorded by an independent person not party to the agreement or may be performed by an automated, computerized system. To be valid, the TPV must occur without the presence of the sales agent, and at the outset must describe how the customer can cancel the TPV at any time prior to completion. The consent from the customer must include an acknowledgement:
Third party verification or TPV means a statement from the customer that is recorded or managed by an independent person not party to the agreement. or may be performed by an automated, computerized system. To be valid, the statementTPV must be recorded through the use of an automated system,occur without the presence of the sales agent, and demonstrate that the customer accepts: