Common use of Accounts by VA Fiduciaries for VA Beneficiaries Clause in Contracts

Accounts by VA Fiduciaries for VA Beneficiaries. You may start, use and maintain an account and related products and services as a Veteran’s Administration fiduciary (VA fiduciary) for a Veteran’s Administration beneficiary (VA beneficiary). We may require you to provide ID and documentation confirming your author- ity to act as a VA fiduciary before starting the account. We may keep a copy of the documentation designating you as a VA fiduciary for initial due diligence purposes. However, you agree that once you start and consent to the account, products and services, we may thereafter rely exclusively on the MSA. You as a VA fiduciary are the owner on the account in which you hold the funds for the sole benefit of the VA beneficiary. While div- idends/interest are reported under the VA beneficiary’s name and SSN, you are the only person who may take actions and conduct transactions on the account, products and services. If we receive notice of a replacement VA fiduciary (which we may require in writ- ing) and decide to rely on the notice, you agree we may change the account for the replacement VA fiduciary according to the no- xxxx, as reflected in our records. Alternatively, if we decide to rely on the notice, you agree we may terminate the account and issue a check to the VA fiduciary in the name of the VA beneficiary. Fi- xxxxx, you agree to be responsible for legal advice we require to assist with or that results from any matter concerning the accounts, products or services for a VA fiduciary (please see Provision 1.g.).

Appears in 3 contracts

Samples: Service Agreement, firecu.net, Service Agreement

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Accounts by VA Fiduciaries for VA Beneficiaries. You may start, use and maintain an account and related products and services as a Veteran’s Administration fiduciary (VA fiduciary) for a Veteran’s Administration beneficiary benefi- ciary (VA beneficiary). We may require you to provide ID and documentation confirming your author- ity authority to act as a VA fiduciary before starting the account. We may keep a copy of the documentation designating you as a VA fiduciary for initial due diligence purposes. However, you agree that once you start and consent to the account, products prod- ucts and services, we may thereafter rely exclusively on the MSA. You as a VA fiduciary are the owner on the account in which you hold the funds for the sole benefit of the VA beneficiary. While div- idendsdividends/interest are reported under the VA beneficiary’s name and SSN, you are the only person who may take actions and conduct transactions on the account, products and services. If we receive notice of a replacement VA fiduciary (which we may require in writ- ingwriting) and decide to rely on the notice, you agree we may change the account for the replacement VA fiduciary according to the no- xxxxnotice, as reflected in our records. Alternatively, if we decide to rely on the notice, notice you agree we may terminate the account and issue a check to the VA fiduciary in the name of the VA beneficiary. Fi- xxxxxFinally, you agree to be responsible for legal advice we require to assist with or that results from any matter concerning the accounts, products or services for a VA fiduciary (please see Provision 1.g.).

Appears in 1 contract

Samples: Service Agreement

Accounts by VA Fiduciaries for VA Beneficiaries. You may start, use and maintain an account and related products and services as a Veteran’s Administration fiduciary (VA fiduciary) for a Veteran’s Administration beneficiary (VA beneficiary). We may require you to provide ID and documentation confirming your author- ity to act as a VA fiduciary before starting the account. We may keep a copy of the documentation designating you as a VA fiduciary for initial due diligence purposes. However, you agree that once you start and consent to the account, products and services, we may thereafter rely exclusively on the MSA. You as a VA fiduciary are the owner on the account in which you hold the funds for the sole benefit of the VA beneficiary. While div- idends/interest are reported under the VA beneficiary’s name and SSN, you are the only person who may take actions and conduct transactions on the account, products and services. If we receive notice of a replacement VA fiduciary (which we may require in writ- ing) and decide to rely on the notice, you agree we may change the account for the replacement VA fiduciary according to the no- xxxx, as reflected in our records. Alternatively, if we decide to rely on the notice, notice you agree we may terminate the account and issue a check to the VA fiduciary in the name of the VA beneficiary. Fi- xxxxxFinally, you agree to be responsible for legal advice we require to assist with or that results from any matter concerning the accounts, products prod- ucts or services for a VA fiduciary (please see Provision 1.g.).

Appears in 1 contract

Samples: Service Agreement

Accounts by VA Fiduciaries for VA Beneficiaries. You may start, use and maintain an account and related products and services as a Veteran’s Administration fiduciary (VA fiduciary) for a Veteran’s Administration beneficiary (VA beneficiary). We may require you to provide ID and documentation confirming your author- ity authority to act as a VA fiduciary before starting the account. We may keep a copy of the documentation designating you as a VA fiduciary for initial due diligence purposes. However, you agree that once you start and consent to the account, products and servicesser- vices, we may thereafter rely exclusively on the MSA. You as a VA fiduciary are the owner on the account in which you hold the funds for the sole benefit of the VA beneficiary. While div- idendsdividends/interest are reported under the VA beneficiary’s name and SSN, you are the only person who may take actions and conduct transactions on the account, products and services. If we receive notice of a replacement VA fiduciary (which we may require re- quire to be in writ- ingwriting) and decide to rely on the notice, you agree we may change the account for the replacement VA fiduciary according ac- cording to the no- xxxxnotice, as reflected in our records. Alternatively, if we decide to rely on the notice, notice you agree we may terminate the account and issue a check to the VA fiduciary in the name of the VA beneficiary. Fi- xxxxxFinally, you agree to be responsible for legal advice ad- vice we require to assist with or that results from any matter concerning con- cerning the accounts, products or services for a VA fiduciary (please see Provision 1.g1.f.).

Appears in 1 contract

Samples: Service Agreement

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Accounts by VA Fiduciaries for VA Beneficiaries. You may start, use and maintain an account and related products and services as a Veteran’s Administration fiduciary (VA fiduciary) for a Veteran’s Administration beneficiary (VA beneficiary). We may require you to provide ID and documentation confirming your author- ity authority to act as a VA fiduciary before starting the account. We may keep a copy of the documentation designating you as a VA fiduciary for initial due diligence purposes. However, you agree that once you start and consent to the account, products and services, we may thereafter rely exclusively on the MSA. You as a VA fiduciary are the owner on the account in which you hold the funds for the sole benefit of the VA beneficiary. While div- idendsdivi- dends/interest are reported under the VA beneficiary’s name and SSN, you are the only person who may take actions and conduct transactions on the account, products and services. If we receive notice no- xxxx of a replacement VA fiduciary (which we may require to be in writ- ingwriting) and decide to rely on the notice, you agree we may change the account for the replacement VA fiduciary according to the no- xxxxnotice, as reflected in our records. Alternatively, if we decide to rely on the notice, notice you agree we may terminate the account and issue a check to the VA fiduciary in the name of the VA beneficiary. Fi- xxxxxFinally, you agree to be responsible for legal advice we require to assist with or that results from any matter concerning the accounts, products or services for a VA fiduciary (please see Provision 1.g1.f.).

Appears in 1 contract

Samples: Service Agreement

Accounts by VA Fiduciaries for VA Beneficiaries. You may start, use and maintain an account and related products and services as a Veteran’s Administration fiduciary (VA fiduciary) for a Veteran’s Administration beneficiary (VA beneficiary). We may require you to provide ID and documentation confirming your author- ity authority to act as a VA fiduciary before starting the account. We may keep a copy of the documentation designating you as a VA fiduciary for initial due diligence purposes. However, you agree that once you start and consent to the account, products and servicesser- vices, we may thereafter rely exclusively on the MSA. You as a VA fiduciary are the owner on the account in which you hold the funds for the sole benefit of the VA beneficiary. While div- idendsdivi- dends/interest are reported under the VA beneficiary’s name and SSN, you are the only person who may take actions and conduct transactions on the account, products and services. If we receive notice of a replacement VA fiduciary (which we may require to be in writ- ingwriting) and decide to rely on the notice, you agree we may change the account for the replacement VA fiduciary according to the no- xxxx, as reflected in our records. Alternatively, if we decide to rely on the notice, notice you agree we may terminate the account and issue a check to the VA fiduciary in the name of the VA beneficiary. Fi- xxxxxFinally, you agree to be responsible for legal advice we require to assist with or that results from any matter concerning the accounts, products prod- ucts or services for a VA fiduciary (please see Provision 1.g1.f.).

Appears in 1 contract

Samples: Service Agreement

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