Common Contracts
1 similar Borrower Security Contract contracts
BORROWER 1 NAME BORROWER 2 NAME ACCOUNT NUMBER MEMBER’S CHOICE™ BORROWER SECURITY CONTRACT (“Contract”) PROTECTED LOAN(S)Borrower Security Contract • July 27th, 2017
OPTIONS YOU ELECT THE FOLLOWING OPTION:(check only one box) Life Disability Life No Protection - Life- Disability - Life Program Fee: Rate per $100 of the Monthly OutstandingLoan Balance* $0.250 $0.150 This Contract protects the first two Borrowers listed on the lending agreement.ELIGIBILITY QUESTIONS:Subject to the terms, conditions and exclusions, You are eligible for protection under this Contract if You are a Borrower on the Loan on the Effective Date of Protection and meet the eligibility requirements below.If electing an option with Disability, You must answer Question 1.1. Are You actively working, for wages or profit, for 25 hours or more per week on the date You sign this Contract?You will be considered actively working if You are absent from work due to sabbatical, strike, or vacation, but will soon return to work. You will not be considered actively working if You are on an Annual, Regularly Scheduled or Seasonal Layoff, medical or Disability leave.Borrower 1 Bor
