Common use of Important Information About Procedures for Opening a New Account Clause in Contracts

Important Information About Procedures for Opening a New Account. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account, including any deposit account, treasury management account, loan, other extension of credit, or other financial services product. What this means for Borrower: When Borrower opens an account, if Borrower is an individual, Lender will ask for Borrower's name, taxpayer identification number, residential address, date of birth, and other information that will allow Lender to identify Borrower and, if Borrower is not an individual, Lender will ask for Borrower's name, taxpayer identification number, business address, and other information that will allow Lender to identify Borrower. Lender may also ask, if Borrower is an individual, to see Borrower's driver's license or other identifying documents and, if Borrower is not an individual, to see Borrower's legal organizational documents or other identifying documents. 

Important Information About Procedures for Opening a New Account. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account, including any deposit account, treasury management account, loan, other extension of credit, or other financial services product. What this means for Borrower: When Borrower opens an account, if Borrower is an individual, Lender will ask for Borrower's name, taxpayer identification number, residential address, date of birth, and other information that will allow Lender to identify Borrower and, if Borrower is not an individual, Lender will ask for Borrower's name, taxpayer identification number, business address, and other information that will allow Lender to identify Borrower. Lender may also ask, if Borrower is an individual, to see Borrower's driver's license or other identifying documents and, if Borrower is not an individual, to see Borrower's legal organizational documents or other identifying documents. .

Important Information About Procedures for Opening a New Account. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account, including any deposit account, treasury management account, loan, other extension of credit, or other financial services product. What this means for BorrowerBorrowers: When any Borrower opens an account, if any Borrower is an individual, individual Lender will ask for such Borrower's ’s name, taxpayer identification number, residential address, date of birth, and other information that will allow Lender to identify Borrower andsuch Borrower, and if any Borrower is not an individual, individual Lender will ask for such Borrower's ’s name, taxpayer identification number, business address, and other information that will allow Lender to identify such Borrower. Lender may also ask, if any Borrower is an individual, individual to see such Borrower's ’s driver's ’s license or other identifying documents anddocuments, and if any Borrower is not an individual, individual to see such Borrower's ’s legal organizational documents or other identifying documents. .

Important Information About Procedures for Opening a New Account. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity Person that opens an account, including any deposit account, treasury management account, loan, other extension of credit, or other financial services product. What this means for Borrower: When the Borrower opens an account, if Borrower is an individual, Lender the Agent will ask for BorrowerXxxxxxxx's name, taxpayer identification number, residential address, date of birth, and other information that will allow Lender the Agent to identify Borrower andXxxxxxxx, and if any Borrower is not an individual, Lender the Agent will ask for Borrower's name, taxpayer identification number, business address, and other information that will allow Lender the Agent to identify Borrower. Lender The Agent may also ask, if Borrower is an individual, to see BorrowerXxxxxxxx's driver's license or other identifying documents anddocuments, and if Borrower is not an individual, to see Borrower's legal organizational documents or other identifying documents. .

Important Information About Procedures for Opening a New Account. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account, including any deposit account, treasury management account, loan, other extension of credit, or other financial services product. What this means for Borrower: When Borrower opens an account, if Borrower is an individual, Lender will ask for Borrower's ’s name, taxpayer identification number, residential address, date of birth, and other information that will allow Lender to identify Borrower and, if Borrower is not an individual, Lender will ask for Borrower's ’s name, taxpayer identification number, business address, and other information that will allow Lender to identify Borrower. Lender may also ask, if Borrower is an individual, to see Borrower's ’s driver's ’s license or other identifying documents and, if Borrower is not an individual, to see Borrower's ’s legal organizational documents or other identifying documents. .