Common Contracts
1 similar Borrower Security Contract contracts
ContractBorrower Security Contract • August 7th, 2017
BORROWER 1 NAME BORROWER 2 NAME LOAN/ACCOUNT NUMBER MEMBER’S CHOICE™ BORROWER SECURITY CONTRACT (“Contract”) OPTIONS YOU ELECT THE FOLLOWING OPTION:(check only one box) Option 1 Option 2 Option 3 Option 4 No Protection - Life- Disability- Involuntary Unemployment - Disability- Involuntary Unemployment - Life- Disability - Life Program Fee: Rate per $100 of the Monthly OutstandingLoan Balance* $0.399 $0.299 $0.199 $0.099 Estimated Total Fees forOption chosen (Closed-End Only) $ 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 or Involuntary Unemployment, You must answer Question 1.1. Are You actively working, for wages or profit, for 25 hours or more per week on the da
