Direct Debit Terms and Conditions a) The Lender:
Direct Debit Terms and Conditions. (a) CovaU will accept payment for a xxxx by you in any of the following ways:
Direct Debit Terms and Conditions a) The Lender:
i) has agreed to give written advance notice of the net amount of each Direct Debit and the due date of the debiting at least two calendar days before the date that the Direct Debit will be initiated.
b) The Borrower may:
i) at any time, terminate this Instruction as to future payments by giving notice of termination to the Bank and to the Lender or the Agent;
ii) stop payment of any Direct Debit to be initiated under this Instruction by the Agent by giving written notice to the Bank prior to the Direct Debit being paid by the Bank; and
iii) request the Bank to reverse any Direct Debits initiated by the Lender or the Agent under the Instructions by debiting the amount of the Direct Debits back to the Lender or the Agent through the Lender or the Agent’s bank, to the extent that the Lender cannot produce a copy of the Instructions and/or confirmation that reasonably demonstrates the Borrower’s authorisation to the Bank to accept Direct Debits from the Lender against the Borrower’s account, PROVIDED the request is made not more than 120 days from the date when the first Direct Debit was debited to the Borrower's account by the Lender or the Agent under the Instructions.
c) The Borrower acknowledges that:
i) this Instruction will remain in full force and effect in respect of all Direct Debits passed to the Borrower’s account in good faith notwithstanding the Borrower’s death, bankruptcy or other revocation of this Instruction until actual notice of such an event is received by the Bank;
ii) any dispute as to the correctness or validity of an amount debited to the Borrower’s account shall not be the concern of the Bank (except in so far as the Direct Debit has not been paid in accordance with this Instruction) and should be referred to the Lender. Any other dispute lies between the Borrower and the Lender;
iii) the Bank accepts no responsibility or liability for the accuracy of information on bank statements relating to any Direct Debits; and
iv) the Bank is not responsible for, or under any liability in respect of:- any variations between notices given by the Lender or it’s Agent and the amounts of Direct Debits; the Lender or the Agent’s failure to give written advance notice correctly, or for the non-receipt or late receipt of notice by the Borrower for any reason whatsoever. In any such situation, the dispute lies between the Borrower and the Lender or the Agent.
d) The Bank may:
i) at its absolute discretion, conclusively determine the orde...
