Common use of Disclosures to Consumers Clause in Contracts

Disclosures to Consumers. You must ensure that, at a minimum, the following specific information is disclosed to the consumer during the telephone call and in any confirming written notice: (1) the date on or after which the consumer’s account will be debited; (2) the amount of the debit entry to the consumer’s account; (3) the consumer’s name; (4) a telephone number that is available to the consumer and answered during normal business hours for consumer inquiries; (5) the date of the consumer’s oral authorization, and (6) a statement by you that the authorization obtained from the consumer will be used to originate a one-time ACH debit entry to the consumer’s account. When written notice is used to confirm an authorization, Consumers must be afforded the right to contact you, using the telephone number provided, to correct any erroneous information contained in the notice.