Common use of CONSUMER RESTITUTION Clause in Contracts

CONSUMER RESTITUTION. 2. That within ninety (90) calendar days following the Effective Date as defined below in Paragraph 21 of this Agreement, Prospect shall pay restitution to every borrower in every Participating State that was assessed a C2C Settlement Service Fee during the C2C Operations Period, (hereinafter, “Covered Borrower(s)”) in the amount of $40.00 with interest of ten (10) percent per annum from the date the C2C Settlement Service Fee was charged.

Appears in 5 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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