Common use of Termination of Account Clause in Contracts

Termination of Account. The Credit Union may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if (1) there is a change in owners or authorized signers; (2) there has been a forgery or fraud reported or committed involving your account; (3) there is a dispute as to the ownership of the funds in the account; (4) any account checks are lost or stolen; (5) there are excessive returned unpaid items not covered by an overdraft protection plan; (6) any owner or authorized user causes the Credit Union to suffer a loss, or if there has been any misrepresentation or any other abuse of any of your accounts. You may terminate your account or remove yourself as owner from the account at any time by notifying the Credit Union in writing. Your account removal or termination will not affect your responsibility for any loan obligations or prior transactions. The Credit Union is not responsible for payment of any check, withdrawal, or other item once your account is terminated; however, if the Credit Union pays a check or other item after termination, you agree to reimburse the Credit Union for payment.

Appears in 4 contracts

Samples: static1.squarespace.com, Membership and Account Agreement, Membership and Accounts Agreement

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Termination of Account. The Credit Union may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if (1) there is a change in owners or authorized signers; (2) there has been a forgery or fraud reported or committed involving your account; (3) there is a dispute as to the ownership of the funds in the account; (4) any account checks are lost or stolen; (5) there are excessive returned unpaid items not covered by an a discretionary overdraft protection service plan; (6) any owner or authorized user causes the Credit Union to suffer a loss, or if there has been any misrepresentation or any other abuse of any of your accounts; or (7) we reasonably deem it necessary to prevent a loss to us. You may terminate your an individual account or remove yourself as owner from the account at any time by notifying the Credit Union in writinggiving written notice. Your account removal or termination will not affect your responsibility for any loan obligations or prior transactions. The Credit Union is not responsible for payment of any check, withdrawal, or other item once your account is terminated; however, if the Credit Union pays a check or other item after termination, you agree to reimburse the Credit Union for payment.

Appears in 3 contracts

Samples: www.summitfcu.com, www.summitfcu.com, www.summitfcu.com

Termination of Account. The Credit Union may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if (1a) there is a change in owners or authorized signers; (2b) there has been a forgery or fraud reported or committed involving your account; (3c) there is a dispute as to the ownership of the funds in the account; (4d) any account checks are lost or stolen; (5e) if there are excessive returned unpaid items not covered by an overdraft protection plan; or (6f) any owner or authorized user causes the Credit Union to suffer a loss, or if there has been any misrepresentation or any other abuse of any of your accounts. You may terminate your account or remove yourself as owner from the account at any time by notifying the Credit Union by oral direction or in writing. Your account removal or termination will not affect your responsibility for any loan obligations or prior transactionsThe Credit Union reserves the right to require the consent of all owners to terminate a joint account. The Credit Union is not responsible for payment of any check, withdrawal, or other item once your account is terminated; however, if the Credit Union pays a check or other item after termination, you agree to reimburse the Credit Union for payment.

Appears in 3 contracts

Samples: www.thefloristfcu.org, www.thefloristfcu.org, www.thefloristfcu.org

Termination of Account. The Credit Union may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if if: (1a) there is a an undisclosed change in owners or authorized signers; , (2b) there has been a forgery or fraud reported or committed involving your account; , (3c) there is a dispute as to the ownership of the funds in the account; , (4d) any account checks or access code are lost or stolen; , (5e) if there are excessive returned unpaid items not covered by an overdraft protection plan; , (6f) any owner or authorized user causes the Credit Union to suffer a loss, or if there has been any misrepresentation or any other abuse of any of your accounts, (g) we reasonably deem it necessary to prevent a loss to us, or (h) if you engage in any activity of betting or wagering or are otherwise engaged in any internet gambling business. You may terminate your account or remove yourself as owner from the account at any time by notifying the Credit Union by oral direction or in writing. Your account removal or termination will not affect your responsibility for any loan obligations or prior transactions. The Credit Union is not responsible for payment of any check, withdrawal, or other item once your account is terminated; however, if the Credit Union pays a check or other item after termination, you agree to reimburse the Credit Union for payment.

Appears in 1 contract

Samples: www.oneazcu.com

Termination of Account. The Credit Union may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if (1) there is a change in owners or authorized signers; (2) there has been a forgery or fraud reported or committed involving your account; (3) there is a dispute as to the ownership of the funds in the account; (4) any account checks are lost or stolen; (5) there are excessive returned unpaid items not even if they were covered by an overdraft protection plan; (6) any owner or authorized user causes the Credit Union to suffer a loss, loss or if there has been any misrepresentation or any other abuse of any of your accounts. You may terminate your account or remove yourself as a joint owner from the an account at any time by notifying the Credit Union in person and in writing. You may not remove a joint owner from an account without the joint owner present and it must be done in writing. Your account removal or termination will not affect your responsibility for any loan obligations or prior transactions. The Credit Union is not responsible for payment of any check, withdrawal, or other item once your account is terminated; however, if the Credit Union pays a check or other item after termination, you agree to reimburse the Credit Union for payment.

Appears in 1 contract

Samples: Account Agreement

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Termination of Account. The Credit Union credit union may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if if: (1a) there is a change in owners or authorized signers; (2b) there has been a forgery or fraud reported or committed involving your account; (3c) there is a dispute as to the ownership of the funds in the account; (4d) any account checks are lost or stolen; (5e) if there are excessive returned unpaid items not covered by an overdraft protection planor excessive returns of third party checks; or (6f) any owner or authorized user causes the Credit Union to suffer a loss, or if there has been any misrepresentation or any other abuse of any of your accounts. You may terminate your account or remove yourself as owner from the any individual account at any time by notifying the Credit Union credit union in writing. Your Any joint member-owner of a joint account removal or termination will not affect your responsibility for any loan obligations or prior transactionsmay terminate a joint account. The Credit Union credit union is not responsible for payment of any check, withdrawal, or other item once after your account is terminated; , however, if the Credit Union credit union pays a check or other item after termination, you agree to reimburse the Credit Union credit union for payment.

Appears in 1 contract

Samples: www.harborstone.com

Termination of Account. The Credit Union may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if (1) . there is a change in owners or authorized signers; (2) . there has been a forgery or fraud reported or committed involving your account; (3) . there is a dispute as to the ownership of the funds in the account; (4) . any account checks are lost or stolen; (5) . there are excessive returned unpaid items not covered by an overdraft protection plan; (6) . any owner or authorized user causes the Credit Union to suffer a loss, or if there has been any misrepresentation or any other abuse of any of your accounts; or 7. we reasonably deem it necessary to prevent a loss to us. You may terminate your an individual account or remove yourself as owner from the account at any time by notifying the Credit Union in writinggiving written notice. Your account removal or termination will not affect your responsibility for any loan obligations or prior transactions. The Credit Union is not responsible for payment of any check, withdrawal, or other item once your account is terminated; however. However, if the Credit Union pays a check or other item after termination, you agree to reimburse the Credit Union for payment.

Appears in 1 contract

Samples: Account Agreement

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