Collection of Pre-existing Debt. Unless approved by Service Providers in writing, Merchant shall not present any Purchase representing the refinancing of an existing obligation of a Cardholder including, but not limited to obligations: (i) previously owed to Merchant; (ii) arising from the dishonor of a Cardholder’s personal check; and/or (iii) representing the collection of delinquent accounts on behalf of third parties; provided if Merchant is a lender or loan servicer or provider of non-recourse advances then nothing herein shall limit Merchant’s right to present Purchases that comprise payments by Cardholders of amounts due to Merchant in its capacity as a lender or servicer of loans or provider of non- recourse advances, subject to Merchant’s compliance with the Consumer Lending Addendum attached hereto as Exhibit A.
Appears in 5 contracts
Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement
