Common use of Statutory Lien Clause in Contracts

Statutory Lien. Federal law grants us the right to impress a lien on all funds in any Account you have with us (whether you are a Primary or Legal owner) if you are in default or otherwise fail to satisfy a financial obligation with the Credit Union. We may exercise this right without notice to you. To the extent provided by law, this statutory lien applies to all shares and accumulated dividends that you have with us, including Accounts you hold jointly with other individuals even if they are not associated with your obligation.

Statutory Lien. Federal law grants us the right to impress a lien on all funds in any Account that you have with us (whether you are a Primary or Legal owner) if you are in default or otherwise fail to satisfy a financial obligation with the Credit Unionus. We may exercise this right without further notice to you. To the extent provided by law, this statutory This lien applies to all shares and accumulated dividends Accounts that you have with us, to the extent permitted by law, including Accounts that you hold jointly with other individuals even if they are not associated with your obligationanother person.

Statutory Lien. Federal law grants us the right to impress a lien on all funds in any Account that you have with us (whether you are a Primary or Legal owner) if you are in default or otherwise fail to satisfy a financial obligation with the Credit Unionus. We may exercise this right without further notice to you. To the extent provided by law, this statutory This lien applies to all shares and accumulated dividends Accounts that you have with us, to the extent permitted by law, including Accounts that you hold jointly with other individuals even if they are not associated another person. For example, our statutory lien allows us to apply funds in any or all of your Accounts to pay your delinquent loan with your obligationus. You agree we also retain the common law right of offset.

Statutory Lien. Federal law grants us the right to impress a lien and a right of setoff on all funds in any Account that you have with us (whether you are a Primary or Legal owner) if you are in default or otherwise fail to satisfy a financial obligation with the Credit Unionus. We may exercise this right these rights without further notice to you. To the extent provided by law, this statutory This lien and right of setoff applies to all shares and accumulated dividends Accounts that you have with us, to the extent permitted by law, including Accounts that you hold jointly with other individuals even if they are not associated with your obligationanother person.