Common use of Accounts Opened Fraudulently Clause in Contracts

Accounts Opened Fraudulently. If there is any dispute on a Loan Agreement regarding a Client’s identity, Provider will be required to show proof that the Client’s government-issued photo identification was verified and such verification was documented when any agreements or documents were executed by Client. If the Client files a fraud affidavit with any law enforcement authority, claims that any agreement with Provider was entered fraudulently, inappropriately, or without Client’s consent, or otherwise disputes the validity or enforceability of any agreement between Client and Provider, Provider hereby authorizes UMC to automatically charge-back the advanced amount paid to Provider via ACH. If UMC does not have ACH privileges to Provider, Provider shall return the proceeds originally remitted for that Financing Agreement to UMC within (3) three days after receiving written notification from UMC.