Borrower Security Contract Sample Contracts

BORROWER 1 NAME BORROWER 2 NAME ACCOUNT NUMBER MEMBER’S CHOICE™ BORROWER SECURITY CONTRACT
Borrower Security Contract • August 17th, 2024

MEMBER'S CHOICE™ Borrower Security (referred to as “the program”) is voluntary and not required in order to obtain credit. We will not consider whether or not you elect MEMBER'S CHOICE™ Borrower Security in making our credit decision.

AutoNDA by SimpleDocs
BORROWER 1 NAME BORROWER 2 NAME ACCOUNT NUMBER MEMBER’S CHOICE™ BORROWER SECURITY CONTRACT (“Contract”) PROTECTED LOAN
Borrower Security Contract • August 21st, 2019

OPTIONS YOU ELECT THE FOLLOWING OPTION:(check only one box) LifePlus Disability &Unemployment LifePlus No Protection - Life Plus- Disability- Involuntary Unemployment - Life Plus Program Fee: Rate per $100 of the Monthly OutstandingLoan Balance Single Joint$0.299 $0.499 Single Joint$0.085 $0.139 Estimated Total Fees forOption chosen (Closed-End Only) $ For the Option elected above, You choose (check only one box): Joint Protection Single Protection for Borrower 1 Single Protection for Borrower 2 This Contract protects the Borrower(s) listed above who elected protection.ELIGIBILITY QUESTION: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 pe

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

Contract
Borrower 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

Contract
Borrower Security Contract • August 9th, 2013

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 - Loss of Life- Disability- Involuntary Unemployment - Disability- Involuntary Unemployment - Loss of Life- Disability - Loss of Life Program Fee: Cost per $100 of the Monthly OutstandingLoan Balance* Single$0.340 Joint$0.499 Single$0.275 Joint$0.433 Single$0.207 Joint$0.370 Single$0.075 Joint$0.131 Estimated Total Fees forOption chosen (Closed-End Only) $ 0.00 For the Option elected above, You choose (check only one box): Joint Protection Single Protection for Borrower 1 Single Protection for Borrower 2 This Contract protects the Borrower(s) listed above who elected protection. The protected Borrower(s) may not qualify for all benefits.NOTICES:*If the Outstanding Balance is greater than $50,000, the rate will not be applied to the amount that

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!