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 • August 27th, 2013
OPTIONS YOU ELECT THE FOLLOWING OPTION:(check only one box) Life & Disability No Protection - Loss of Life- Disability Program Fee: Cost per $100 of the Monthly OutstandingLoan Balance* $0.369 This Contract protects the first two Borrowers listed on the lending agreement.The protected Borrower(s) may not qualify for all benefits.NOTICES:*If the Outstanding Balance is greater than $100,000, the rate will not be applied to the amount that exceeds $100,000.The Contract contains certain terms, conditions and exclusions. Subject to those 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.ELIGIBILITY QUESTIONS:If electing Disability, You must answer Question 1.1. Are You working twenty-five (25) hours or more per week?Borrower 1 Borrower 2Yes No Yes NoIf at least one Borrower answered “Yes” to Question 1, both Borrowers are eligible f
