Common use of Financing Application and Consumer Credit Disclosures Clause in Contracts

Financing Application and Consumer Credit Disclosures. To allow sufficient time for application, underwriting and processing, it is recommended that Client make a full and complete application for financing to UMC not less than fourteen (14) days prior to the delivery of the desired Services. A full and complete application shall include all necessary income, expense, assets and liability information. Upon receipt of such application and information, UMC will submit the same to one or more Lenders for processing and underwriting with respect to obtaining for Client financing (“Financing”). Provider acknowledges that applications for financing made less than fourteen (14) days prior to the delivery of Services are more likely to be subject to delays beyond the planned date for delivery of Services by Provider. UMC shall not be liable to Provider for any such delays. Upon receiving approval for Financing by a Lender, UMC may, but is not obligated, to assist as needed in facilitating delivery of all Lender disclosure documents required for such financing. Provider shall not participate in handling any disclosure documents related to any Financing. Nothing contained herein is intended to preclude any Lender from offering Financing to a Client to deal directly with the Client in making required disclosures and closing any Financing.