Requesting Party Compliance Assertions Sample Clauses
The Requesting Party Compliance Assertions clause requires the party making a request under the agreement to affirm that they are in compliance with relevant laws, regulations, or contractual obligations. In practice, this means that before submitting a request—such as for information, services, or access—the requesting party must confirm that their actions and status meet all applicable compliance requirements. This clause helps ensure that only parties who are operating within legal and contractual boundaries can make requests, thereby reducing the risk of non-compliance and protecting both parties from potential legal or regulatory issues.
Requesting Party Compliance Assertions.
1. A signed Form SSA-89 was used to obtain consent for all verification requests submitted to SSA.
2. The signed Form SSA-89s used to obtain consent for Social Security Number (SSN) verification contain wet signatures of the identified individuals.
3. Form SSA-89s used to obtain consent contain all wording as prescribed in Attachment A of the CBSV User Agreement and no additional wording has been added.
4. Form SSA-89s used to obtain consent were completed in their entirety, without alterations, including name, date of birth, social security number, stated purpose Principal’s name and complete address, agent’s (Requesting Party) name and telephone number, signature, date, and complete address, and phone number for the authorizing party (social security number holder).
5. The Agent (Requesting Party) identified on all Form SSA-89s accepted by the company is a listed party (d/b/a) in the company’s CBSV User Agreement.
6. Regarding the purpose stated on the Form SSA-89:
a. The SSN verification was used only for the purpose stated on the consent form, and
b. The consent form identifies a specific purpose (e.g., “mortgage application” or “verification for employment”) and is not a general purpose (e.g., “identity verification” or “identity proof or confirmation”).
7. The date SSN verifications were submitted to SSA was after the date the Form SSA- 89s were signed and dated.
8. The submission date for the SSN verification was not more than 90 days after the Form SSA-89 was signed and dated unless the authorizing individual specified an alternate timeframe. If an alternate timeframe was specified, the submission date was within the alternate timeframe.
9. The company retains all consent forms for five (5) years from the date the SSN verification was submitted to SSA.
10. For Requesting Parties that are not Principals, the company has:
a. correctly relayed to the Principal (client) the information regarding the SSN verification received from SSA.
11. The Requesting Party’s record retention policy has the following elements, if applicable:
a. Paper consent forms are stored in a locked fireproof and waterproof container and access is limited to authorized users.