STATEMENT OF RIGHT TO CANCEL. 12.1 The CCCFA gives the Member a right for a short time after the terms of this Agreement have been disclosed to cancel the Agreement. 12.2 The Member must give written notice to the Credit Union, of the intention to cancel the Agreement within 5 working days of the date this Agreement is disclosed to the Member for the purposes of the CCCFA. That’s usually the date this Agreement is signed by both the Credit Union and the Member. 12.3 To cancel, the Member must give the Credit Union written notice of intention to cancel by: 12.4 The Member must also return to the Credit Union any Advance or Advances made under the Agreement, within the same timeframes. 12.5 Upon cancellation, the Credit Union can charge the Member: (a) the amount of any reasonable expenses the Credit Union had to pay in connection with the Agreement and its cancellation (including legal fees and fees for credit reports, etc.); and (b) interest for the period from the day the Member received the Advance until the day that Advance is repaid. 12.6 This statement only contains a summary of the Member’s rights and obligations in connection with the right to cancel. If there is anything about the Member’s rights or obligations under the CCCFA that the Member does not understand, if there is a dispute about the Member’s rights, or if the Member think that the Credit Union is being unreasonable in any way, the Member should seek legal advice immediately.
Appears in 2 contracts
Samples: Personal Loan Facility Agreement, Personal Loan Facility Agreement
STATEMENT OF RIGHT TO CANCEL. 12.1 10.1 The CCCFA gives the Member a right for a short time after the terms of this Agreement have been disclosed to cancel the Agreement.
12.2 10.2 The Member must give written notice to the Credit Union, of the intention to cancel the Agreement within 5 working days of the date this Agreement is disclosed to the Member for the purposes of the CCCFA. That’s usually the date this Agreement is signed by both the Credit Union and the Member.
12.3 10.3 To cancel, the Member must give the Credit Union written notice of intention to cancel by:
12.4 10.4 The Member must also return to the Credit Union any Advance or Advances made under the Agreement, within the same timeframes.
12.5 10.5 Upon cancellation, the Credit Union can charge the Member:
(a) the amount of any reasonable expenses the Credit Union had to pay in connection with the Agreement and its cancellation (including legal fees and fees for credit reports, etc.); and
(b) interest for the period from the day the Member received the Advance until the day that Advance is repaid.
12.6 10.6 This statement only contains a summary of the Member’s rights and obligations in connection with the right to cancel. If there is anything about the Member’s rights or obligations under the CCCFA that the Member does not understand, if there is a dispute about the Member’s rights, or if the Member think thinks that the Credit Union is being unreasonable in any way, the Member should seek legal advice immediately.
Appears in 1 contract
Samples: Flexi Cash Facility Agreement
STATEMENT OF RIGHT TO CANCEL. 12.1 7.1 The CCCFA gives the Member a right for a short time after the terms of this Agreement have been disclosed to cancel the Agreement.
12.2 7.2 The Member must give written notice to the Credit Union, of the intention to cancel the Agreement within 5 working days of the date this Agreement is disclosed to the Member for the purposes of the CCCFA. That’s usually the date this Agreement is signed by both the Credit Union and the Member.
12.3 7.3 To cancel, the Member must give the Credit Union written notice of intention to cancel by:
12.4 7.4 The Member must also return to the Credit Union any Advance or Advances made under the Agreement, within the same timeframes.
12.5 7.5 Upon cancellation, the Credit Union can charge the Member:
(a) the amount of any reasonable expenses the Credit Union had to pay in connection with the Agreement and its cancellation (including legal fees and fees for credit reports, etc.); and
(b) interest for the period from the day the Member received the Advance until the day that Advance is repaid.
12.6 7.6 This statement only contains a summary of the Member’s rights and obligations in connection with the right to cancel. If there is anything about the Member’s rights or obligations under the CCCFA that the Member does not understand, if there is a dispute about the Member’s rights, or if the Member think thinks that the Credit Union is being unreasonable in any way, the Member should seek legal advice immediately.
Appears in 1 contract
Samples: Overdraft Facility Agreement
STATEMENT OF RIGHT TO CANCEL. 12.1 10.1 The CCCFA gives the Member a right for a short time after the terms of this Agreement have been disclosed to cancel the Agreement.
12.2 10.2 The Member must give written notice to the Credit Union, of the intention to cancel the Agreement within 5 working days of the date this Agreement is disclosed to the Member for the purposes of the CCCFA. That’s usually the date this Agreement is signed by both the Credit Union and the Member.
12.3 10.3 To cancel, the Member must give the Credit Union written notice of intention to cancel by:
12.4 10.4 The Member must also return to the Credit Union any Advance or Advances made under the Agreement, within the same timeframes.
12.5 10.5 Upon cancellation, the Credit Union can charge the Member:
(a) the amount of any reasonable expenses the Credit Union had to pay in connection with the Agreement and its cancellation (including legal fees and fees for credit reports, etc.); and
(b) interest for the period from the day the Member received the Advance until the day that Advance is repaid.
12.6 10.6 This statement only contains a summary of the Member’s rights and obligations in connection with the right to cancel. If there is anything about the Member’s rights or obligations under the CCCFA that the Member does not understand, if there is a dispute about the Member’s rights, or if the Member think thinks that the Credit Union is being unreasonable in any way, the Member should seek legal advice immediately.
Appears in 1 contract
Samples: Personal Loan Facility Agreement
STATEMENT OF RIGHT TO CANCEL. 12.1 13.1 The CCCFA gives the Member a right for a short time after the terms of this Agreement have been disclosed to cancel the Agreement.
12.2 13.2 The Member must give written notice to the Credit Union, of the intention to cancel the Agreement within 5 working days of the date this Agreement is disclosed to the Member for the purposes of the CCCFA. That’s usually the date this Agreement is signed by both the Credit Union and the Member.
12.3 13.3 To cancel, the Member must give the Credit Union written notice of intention to cancel by:
12.4 13.4 The Member must also return to the Credit Union any Advance or Advances made under the Agreement, within the same timeframes.
12.5 13.5 Upon cancellation, the Credit Union can charge the Member:
(a) the amount of any reasonable expenses the Credit Union had to pay in connection with the Agreement and its cancellation (including legal fees and fees for credit reports, etc.); and
(b) interest for the period from the day the Member received the Advance until the day that Advance is repaid.
12.6 13.6 This statement only contains a summary of the Member’s rights and obligations in connection with the right to cancel. If there is anything about the Member’s rights or obligations under the CCCFA that the Member does not understand, if there is a dispute about the Member’s rights, or if the Member think thinks that the Credit Union is being unreasonable in any way, the Member should seek legal advice immediately.
Appears in 1 contract
Samples: Home Loan Facility Agreement