Prohibition on Funding of Unlawful Internet Gambling. In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006, this notice is to inform customers that restricted transactions are prohibited from being processed through their account or relationship with our institution. Restricted transactions are those transactions in which a person engaged in the business of betting or wagering accepts credit, funds, checks, instruments or other proceeds from another person in connection with unlawful Internet gambling. We may block or reject any such restricted transaction. Further, we reserve the right to block or close any account which we believe is in receipt of such restricted transactions. Retaining Records We may retain records related to your account in any form including (but not limited to) paper, film, and electronic medium. If we are not able to produce the original or a copy of any document relating to your account or service, our records (in whatever form we retain such records) will be deemed conclusive. If there is a discrepancy between your records and our records, our records will be deemed conclusive. Right of Refusal We reserve the right at our sole discretion to refuse to open an account or to accept a deposit to any existing account. Right to Set-Off We may charge or set-off funds in any account you hold with CIT Bank, whether held in our internet bank channel or First-Citizens Bank & Trust Company (including accounts with joint or single ownerships) for any direct, indirect and/or acquired obligations that any owner owes us, regardless of the source of the funds in the account, to the fullest extent permitted by law. This provision does not apply to IRA or tax-qualified retirement accounts, to consumer credit card obligations or where otherwise prohibited by law. If we must use principal in a CD account to satisfy the debt, an early withdrawal penalty may be charged. Stop Payments Any authorized signer on your account may request that we stop payment on a transfer from your account. A fee may be charged to process a stop payment request on an item. You may request a stop payment by calling our Customer Contact Center at 000-000-0000 or by logging in to your Online Banking account. In addition to your name and account number, we require the following information to accept a stop payment request: the exact amount of the transfer (dollars and cents), the date of the transfer, and the name of the transferee. This information must be correct in order for us to stop pa...
Prohibition on Funding of Unlawful Internet Gambling. Restricted transactions (as defined in Federal Reserve Regulation GG (12 CFR Part 233)) are prohibited from being processed directly or indirectly through any Account or relationship maintained with us. Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks or drafts are knowingly accepted by gambling businesses in connection with unlawful Internet gambling.
Prohibition on Funding of Unlawful Internet Gambling. In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006, this notice is to inform customers that restricted transactions are prohibited from being processed through their account or relationship with our institution. Restricted transactions are those transactions in which a person engaged in the business of betting or wagering accepts credit, funds, checks, instruments or other proceeds from another person in connection with unlawful Internet gambling. We may block or reject any such restricted transaction. Further, we reserve the right to block or close any account which we believe is in receipt of such restricted transactions.
Prohibition on Funding of Unlawful Internet Gambling. If you are a business customer, we will ask you if your business is en- gaged or involved in internet gambling. If you deny such involve- ment we may ask you to provide us with a certification to that effect. If your business is or later becomes involved in internet gambling we may, in our discretion, do any one or more of the following: (i) decline to open an account for your business; (ii) close your ac-count if it has already been opened, and/or (iii) require you to provide us with a copy of the license issued to your business by the appropri- ate state or tribal authority that expressly authorizes you to engage in an internet gambling business, or, if such license is not available, a reasoned legal opinion confirming that your internet gambling business does not involve transactions considered “restricted trans- actions“ under the federal Unlawful Internet Gambling Enforcement Act as implemented by the federal interagency rules entitled “Prohi- bition on Funding of Unlawful Internet Gambling“ promulgated by the Federal Reserve Board and the Department of the Treasury and codified in 12 C.F.R. pt. 233 (Regulation GG) and 31 C.F.R. pt. 132.
Prohibition on Funding of Unlawful Internet Gambling. We prohibit “restricted transactions” as described in the Unlawful Internet Gambling Enforcement Act as implemented by the federal interagency rules entitled “Prohibition on Funding of Unlawful Internet Gambling” promulgated by the Federal Reserve Board and the Department of the Treasury and codified in 12 C.F.R. pt. 233 (Regulation GG) and 31 C.F.R. pt. 132. If you are a business customer, we will ask you if your business is engaged or involved in internet gambling. If you deny such involvement we may ask you to provide us with a certification to that effect. If your business is or later becomes involved in internet gambling we may, in our discre- tion, do any one or more of the following: (i) decline to open an account for your business; (ii) close your account if it has already been opened; (iii) require you to provide us with a copy of the license issued to your business by the appropriate state or tribal authority that expressly authorizes you to engage in an internet gambling business, or, if such license is not available, a reasoned legal opinion confirming that your internet gambling business does not involve transactions considered “restricted transactions” under the federal Unlawful Internet Gambling Enforcement Act; and/or (iv) require you to provide us with a written certification
