Common use of SOCIAL SECURITY NUMBER REQUIRED Clause in Contracts

SOCIAL SECURITY NUMBER REQUIRED. If You fail to give us a correct Social Security or tax-identification number when opening an account, We can refuse to open an account, close Your account, or require You to apply for a taxpayer identification number. We can also take from Your account any charges of the IRS which results from Your error, as allowed by law. We may also be required by federal law to withhold part of any dividends You earn and pay it to the IRS if you are subject to Backup Withholding. If We do this, the amount We withhold will be reported to You and the IRS and applied by the IRS to the payment of any federal income tax You owe for that year.

Appears in 6 contracts

Samples: Member Share Account Contract, Member Share Account Contract, Member Share Account Contract

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SOCIAL SECURITY NUMBER REQUIRED. If You you fail to give us a correct Social Security social security or tax-taxpayer identification number when opening an for the account, We we can refuse to open an account, account or close Your account, your account or require You you to apply for a taxpayer identification number. We can also take from Your your account any charges of assessed by the IRS which results result from Your your error, as allowed by law. We may also be required by federal law to withhold part of any dividends You interest you earn and pay it to the IRS if you are subject to Backup WithholdingIRS. If We we do this, the amount We we withhold will be reported to You you and the IRS and applied by the IRS to the payment of any federal income tax You you owe for that year.

Appears in 2 contracts

Samples: Consumer Deposit Account Contract, Consumer Deposit Account Contract

SOCIAL SECURITY NUMBER REQUIRED. If You you fail to give us a correct Social Security or tax-identification number when opening an Taxpayer Identification Number for the account, We we can refuse to open an account, account or close Your account, your account or require You you to apply for a taxpayer identification number. We can also take from Your your account any charges of assessed by the IRS which results result from Your your error, as allowed by law. We may also be required by federal law to withhold part of any dividends You interest you earn and pay it to the IRS if you are subject to Backup WithholdingIRS. If We we do this, the amount We we withhold will be reported to You you and the IRS and applied by the IRS to the payment of any federal income tax You you owe for that year.

Appears in 1 contract

Samples: Consumer Deposit Account Contract

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SOCIAL SECURITY NUMBER REQUIRED. If You fail to give us Us a correct Social Security social security or tax-identification number when opening an account, for the account on the signature card We can refuse to open an account, account or close Your account, account or require You to apply for a taxpayer identification number. We can also take from Your account any charges of the IRS which results result from Your error, as allowed by law. We may also be required by federal law to withhold part of any dividends You earn and pay it to the IRS if you are subject to Backup WithholdingIRS. If We do this, the amount We withhold will be reported to You and the IRS and applied by the IRS to the payment of any federal income tax You owe for that year.

Appears in 1 contract

Samples: Account Agreement

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