Common use of Prohibition on Funding of Unlawful Internet Gambling Clause in Contracts

Prohibition on Funding of Unlawful Internet Gambling. In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006, this notice is to inform customers that restricted transactions are prohibited from being processed through their account or relationship with our institution. Restricted transactions are those transactions in which a person engaged in the business of betting or wagering accepts credit, funds, checks, instruments or other proceeds from another person in connection with unlawful Internet gambling. We may block or reject any such restricted transaction. Further, we reserve the right to block or close any account which we believe is in receipt of such restricted transactions. We may retain records related to your account in any form including (but not limited to) paper, and electronic medium. If we are not able to produce the original or a copy of your signature card or any other document relating to your account or service, our records (in whatever form we retain such records) will be deemed conclusive. If there is a discrepancy between your records and our records, our records will be deemed conclusive. We reserve the right at our sole discretion to refuse to open an account or to accept a deposit to any existing account. We may charge or set-off funds in any account you hold with CIT Bank, N.A., whether held in our internet bank channel or our OneWest Bank division (including accounts with joint or single ownerships) for any direct, indirect and/or acquired obligations that any owner owes us, regardless of the source of the funds in the account, to the fullest extent permitted by law. This provision does not apply to IRA or tax-qualified retirement accounts, to consumer credit card obligations or where otherwise prohibited by law. If we must use principal in a certificate of deposit to satisfy the debt, an early withdrawal penalty may be charged.

Prohibition on Funding of Unlawful Internet Gambling. In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006, this notice is to inform customers that restricted transactions are prohibited from being processed through their account or relationship with our institution. Restricted transactions are those transactions in which a person engaged in the business of betting or wagering accepts credit, funds, checks, instruments or other proceeds from another person in connection with unlawful Internet gambling. We may block or reject any such restricted transaction. Further, we reserve the right to block or close any account which we believe is in receipt of such restricted transactions. We may retain records related to your account in any form including (but not limited to) paper, film, and electronic medium. If we are not able to produce the original or a copy of your signature card or any other document relating to your account or service, our records (in whatever form we retain such records) will be deemed conclusive. If there is a discrepancy between your records and our records, our records will be deemed conclusive. We reserve the right at our sole discretion to refuse to open an account or to accept a deposit to any existing account. We may charge or set-off funds in any account you hold with CIT Bank, N.A., whether held in our internet bank channel or our OneWest First-Citizens Bank division & Trust Company (including accounts with joint or single ownerships) for any direct, indirect and/or acquired obligations that any owner owes us, regardless of the source of the funds in the account, to the fullest extent permitted by law. This provision does not apply to IRA or tax-qualified retirement accounts, to consumer credit card obligations or where otherwise prohibited by law. If we must use principal in a certificate of deposit CD account to satisfy the debt, an early withdrawal penalty may be charged. Any authorized signer on your account may request that we stop payment on a transfer from your account. A fee may be charged to process a stop payment request on an item. You may request a stop payment by calling our Customer Contact Center at 000-000-0000 or by logging in to your Online Banking account. In addition to your name and account number, we require the following information to accept a stop payment request: the exact amount of the transfer (dollars and cents), the date of the transfer, and the name of the transferee. This information must be correct in order for us to stop payment. If the information you provide is incorrect, we are not responsible or liable to you or anyone else if we do not stop payment. You must provide us with enough time to process a stop payment request. A stop payment request goes into effect only after we have verified that the transfer has not yet occurred. A stop payment request remains in effect for six months and must be renewed each six months after that to remain in effect. A fee may be charged for each renewal. If we transfer funds against a valid stop payment order, we may be liable to you for up to the amount of the transfer if you had a legal right to stop payment and you establish that you suffered a loss because of the transfer, but we will not be liable for any amount over and above the amount of the transfer. If you notify us verbally to place a stop payment, we may require you to execute a written order and deliver it to us. If you fail to do so within 14 calendar days, we may release the stop payment. Our records will be conclusive evidence of the existence of, details of, and our decision regarding any verbal stop payment or its revocation.

Prohibition on Funding of Unlawful Internet Gambling. In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006, this notice is to inform customers that restricted transactions are prohibited from being processed through their account or relationship with our institution. Restricted transactions are those transactions in which a person engaged in the business of betting or wagering accepts credit, funds, checks, instruments or other proceeds from another person in connection with unlawful Internet gambling. We may block or reject any such restricted transaction. Further, we reserve the right to block or close any account which we believe is in receipt of such restricted transactions. We may retain records related to your account in any form including (but not limited to) paper, film, and electronic medium. If we are not able to produce the original or a copy of your signature card or any other document relating to your account or service, our records (in whatever form we retain such records) will be deemed conclusive. If there is a discrepancy between your records and our records, our records will be deemed conclusive. We reserve the right at our sole discretion to refuse to open an account or to accept a deposit to any existing account. We may charge or set-off funds in any account you hold with CIT Bank, N.A., whether held in our internet bank channel or our First-Citizens Bank & Trust Company or OneWest Bank division (including accounts with joint or single ownerships) for any direct, indirect and/or acquired obligations that any owner owes us, regardless of the source of the funds in the account, to the fullest extent permitted by law. This provision does not apply to IRA or tax-qualified retirement accounts, to consumer credit card obligations or where otherwise prohibited by law. If we must use principal in a certificate of deposit CD account to satisfy the debt, an early withdrawal penalty may be charged. Any authorized signer on your account may request that we stop payment on a transfer from your account. A fee may be charged to process a stop payment request on an item. You may request a stop payment by calling our Customer Contact Center at 000-000-0000 or by logging in to your Online Banking account. In addition to your name and account number, we require the following information to accept a stop payment request: the exact amount of the transfer (dollars and cents), the date of the transfer, and the name of the transferee. This information must be correct in order for us to stop payment. If the information you provide is incorrect, we are not responsible or liable to you or anyone else if we do not stop payment. You must provide us with enough time to process a stop payment request. A stop payment request goes into effect only after we have verified that the transfer has not yet occurred. A stop payment request remains in effect for six months and must be renewed each six months after that to remain in effect. A fee may be charged for each renewal. If we transfer funds against a valid stop payment order, we may be liable to you for up to the amount of the transfer if you had a legal right to stop payment and you establish that you suffered a loss because of the transfer, but we will not be liable for any amount over and above the amount of the transfer. If you notify us verbally to place a stop payment, we may require you to execute a written order and deliver it to us. If you fail to do so within 14 calendar days, we may release the stop payment. Our records will be conclusive evidence of the existence of, details of, and our decision regarding any verbal stop payment or its revocation.

Prohibition on Funding of Unlawful Internet Gambling. In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006, this notice is to inform customers that restricted transactions are prohibited from being processed through their account or relationship with our institution. Restricted transactions are those transactions in which a person engaged in the business of betting or wagering accepts credit, funds, checks, instruments or other proceeds from another person in connection with unlawful Internet gambling. We may block or reject any such restricted transaction. Further, we reserve the right to block or close any account which we believe is in receipt of such restricted transactions. We may retain records related to your account in any form including (but not limited to) paper, film, and electronic medium. If we are not able to produce the original or a copy of your signature card or any other document relating to your account or service, our records (in whatever form we retain such records) will be deemed conclusive. If there is a discrepancy between your records and our records, our records will be deemed conclusive. We reserve the right at our sole discretion to refuse to open an account or to accept a deposit to depositto any existing account. We may charge or set-off funds in any account you hold with CIT Bank, N.A., whether held in our internet bank channel or our First-Citizens Bank & Trust Company or OneWest Bank division (including accounts with joint or single ownerships) for any direct, indirect and/or acquired obligations that any owner owes us, regardless of the source of the funds in the account, to the fullest extent permitted by law. This provision does not apply to IRA or tax-qualified retirement accounts, to consumer credit card obligations or where otherwise prohibited by law. If we must use principal in a certificate of deposit CD account to satisfy the debt, an early withdrawal penalty may be charged. Any authorized signer on your account may request that we stop payment on a transfer from your account. A fee may be charged to process a stop payment request on an item. You may request a stop payment by calling our Customer Contact Center at 000-000-0000 or by logging in to your Online Banking account. In addition to your name and account number, we require the following information to accept a stop payment request: the exact amount of the transfer (dollars and cents), the date of the transfer, and the name of the transferee. This information must be correct in order for us to stop payment. If the information you provide is incorrect, we are not responsible or liable to you or anyone else if we do not stop payment. You must provide us with enough time to process a stop payment request. A stop payment request goes into effect only after we have verified that the transfer has not yet occurred. A stop payment request remains in effect for six months and must be renewed each six months after that to remain in effect. A fee may be charged for each renewal. If we transfer funds against a valid stop payment order, we may be liable to you for up to the amount of the transfer if you had a legal right to stop payment and you establish that you suffered a loss because of the transfer, but we will not be liable for any amount over and above the amount of the transfer. If you notify us verbally to place a stop payment, we may require you to execute a written order and deliver it to us. If you fail to do so within 14 calendar days, we may release the stop payment. Our records will be conclusive evidence of the existence of, details of, and our decision regarding any verbal stop payment or its revocation.