Common use of Lien and Security Interest in Funds Clause in Contracts

Lien and Security Interest in Funds. To protect all our members’ funds, the law provides us with a lien on the funds in the account(s) you have with us under federal or state law, as applicable. This means we have a right to retain the funds in the account(s) you have with us to pay any debt or obliga- tion owed to us by you or another responsible person or organiza- tion. Additionally, to protect all members’ funds, you grant us a con- tractual security interest in the funds in the account(s), checks and EFTs you have an interest in, which also secures any amount you owe us for any reason. Our lien rights, contractual security interest and any right of set off apply no matter the source of funds in the account, check or EFT, including directly deposited government entitlements or benefits, such as Social Security deposits. How- ever, they do not apply to any retirement accounts. At our discretion, we may at any time apply the funds from an ac- count, check or EFT you have any interest in to pay off your obli- gations to us without notice to you. You agree if you owe us money and either you or we have terminated an account, we may re-start the account to collect or obtain money owed to us, and may sub- sequently terminate the account again. You understand and agree if you owe us money, our lien rights and security interest also apply to any funds, check or item you deposit to any other account with us. You also agree that if you (or anyone you allow to use the

Lien and Security Interest in Funds. To protect all our members’ funds, the law provides us with ‌ We have a lien on the funds in the account(s) you have with us under federal or state law, law as applicable. This means we have a right to retain the funds in the account(s) you have with us to pay any debt or obliga- tion obligation owed to us by you or another responsible person or organiza- tionus. Additionally, to protect all members’ funds, you grant us a con- tractual security interest in the funds in the account(s), checks and EFTs you have an interest in, which also secures any amount you owe us for any reason. Our lien rights, contractual security interest and any right of set off apply no matter the source of funds in the account, check or EFT, including directly deposited government entitlements or benefits, benefits such as Social Security deposits. How- everHowever, they do not apply to any retirement accounts. At our discretion, we may at any time apply the funds from an ac- countaccount, check or EFT you have any interest in to pay off your obli- gations obligations to us without notice to youyou at any time. You agree that if you owe us money and either you or we have terminated an account, we may re-start the account to collect or obtain money owed to us, and may sub- sequently subsequently terminate the account again. You understand and agree that if you owe us money, our lien rights and security interest also apply to any funds, check or item you deposit to any other account with usanother owner’s account. You also agree that if you (or anyone you allow to use thethe accounts, products or services with us) owe us money and we are uncertain whether our lien rights, security interest or right of set off apply to funds, we may hold and not release the funds as explained in Provision 21.b. If we decide not to enforce our lien or contractual security interest at any time, our non-action is not a waiver of our right to enforce our lien or security interest at a later time. You agree that a security interest granted by or on behalf of one owner of an account will continue to secure that owner’s obligation to us even after that owner dies.

Lien and Security Interest in Funds. To protect all our members’ funds, the law provides us with ‌ We have a lien on the funds in the account(s) you have with us under federal or state law, law as applicable. This means we have a right to retain the funds in the account(s) you have with us to pay any debt or obliga- tion obligation owed to us by you or another responsible person or organiza- tionus. Additionally, to protect all members’ funds, you grant us a con- tractual contractual security interest in the funds in the account(s), checks and EFTs you have an interest in, which also secures any amount you owe us for any reason. Our lien rights, contractual security interest and any right of set off apply no matter the source of funds in the account, check or EFT, including directly deposited government entitlements or benefits, benefits such as Social Security depositsde- posits. How- everHowever, they do not apply to any retirement accounts. At our discretion, we may at any time apply the funds from an ac- countaccount, check or EFT you have any interest in to pay off your obli- gations obligations to us without notice to youyou at any time. You agree that if you owe us money and either you or we have terminated an account, we may re-start the account to collect or obtain money owed to us, and may sub- sequently subsequently terminate the account again. You understand and agree that if you owe us money, our lien rights and security interest also apply to any funds, check or item you deposit to any an- other account with usowner’s account. You also agree that if you (or anyone you allow to use thethe accounts, products or services with us) owe us money and we are uncertain whether our lien rights, security in- terest or right of set off apply to funds, we may hold and not re- lease the funds as explained in Provision 21.b. If we decide not to enforce our lien or contractual security interest at any time, our non-action is not a waiver of our right to enforce our lien or securi- ty interest at a later time. You agree that a security interest xxxxx- xx by or on behalf of one owner of an account will continue to se- cure that owner’s obligation to us even after that owner dies.

Lien and Security Interest in Funds. To protect all our members’ funds, the law provides us with We have a lien on the funds in the account(s) you have with us under federal or state law, law as applicable. This means we have a right to retain the funds in the account(s) you have with us to pay any debt or obliga- tion obligation owed to us by you or another other responsible person or organiza- tionorganization. Additionally, to protect all members’ funds, you grant us a con- tractual contractual security interest in the funds in the account(s), checks and EFTs you have an interest in, which also secures any amount you owe us for any reason. Our lien rights, contractual security interest and any right of set off apply no matter the source of funds in the accountac- count, check or EFT, including directly deposited government entitlements en- titlements or benefits, benefits such as Social Security deposits. How- everHowever, they do not apply to any retirement accounts. At our discretion, we may at any time apply the funds from an ac- count, check or EFT you have any interest in to pay off your obli- gations to us without notice to you. You agree if you owe us money mon- ey and either you or we have terminated an account, we may re-re- start the account to collect or obtain money owed to us, and may sub- sequently subsequently terminate the account again. You understand and agree if you owe us money, our lien rights and security interest also apply to any funds, check or item you deposit to any other account with us. You also agree that if you (or anyone you allow to use thethe accounts, products or services with us) owe us money and we are uncertain whether our lien rights, security interest or right of set off apply to the funds, we may hold and not release the funds as explained in Provision 19.b. If we decide not to en- force our lien or contractual security interest at any time, our non- action is not a waiver of our right to enforce our lien or security interest at a later time. You agree that a security interest granted by or on behalf of the business or organization on its account(s) with us will continue to secure that business’s or organization’s obligation to us until that obligation is completely satisfied.

Lien and Security Interest in Funds. To protect all our members’ funds, the law provides us with We have a lien on the funds in the account(s) you have with us under federal or state law, law as applicable. This means we have a right to retain the funds in the account(s) you have with us to pay any debt or obliga- tion obligation owed to us by you or another responsible person or organiza- tionus. Additionally, to protect all members’ funds, you grant us a con- tractual contractual security interest in the funds in the account(s), checks and EFTs you have an interest in, which also secures any amount you owe us for any reason. Our lien rights, contractual security interest and any right of set off apply no matter the source of funds in the account, check or EFT, including directly deposited government entitlements or benefits, benefits such as Social Security depositsde- posits. How- everHowever, they do not apply to any retirement accounts. At our discretion, we may at any time apply the funds from an ac- countaccount, check or EFT you have any interest in to pay off your obli- gations obligations to us without notice to youyou at any time. You agree that if you owe us money and either you or we have terminated an account, we may re-start the account to collect or obtain money owed to us, and may sub- sequently subsequently terminate the account again. You understand and agree that if you owe us money, our lien rights and security interest also apply to any funds, check or item you deposit to any an- other account with usowner’s account. You also agree that if you (or anyone you allow to use thethe accounts, products or services with us) owe us money and we are uncertain whether our lien rights, security in- terest or right of set off apply to funds, we may hold and not re- lease the funds as explained in Provision 21.b. If we decide not to enforce our lien or contractual security interest at any time, our non-action is not a waiver of our right to enforce our lien or securi- ty interest at a later time. You agree that a security interest xxxxx- xx by or on behalf of one owner of an account will continue to se- cure that owner’s obligation to us even after that owner dies.