Refund Advance definition

Refund Advance has the meaning given in the preamble to this Agreement.
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Refund Advance or “RA” means a tax refund-related consumer loan originated by Meta, offered in Retail Locations and virtually at the time of tax preparation under the Program, which has no finance charge payable by the consumer and is secured and repaid solely by the consumer’s tax refund(s), as further described in Schedule E (Refund Advance Product Schedule), and includes any Refund Advances Axos transferred to Meta pursuant to the Purchase Agreement. For the avoidance of doubt, the definition of Refund Advance includes Virtual Refund Advances.
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Refund Advance has the meaning set forth in Section 3(f) of this First Amendment.
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Examples of Refund Advance in a sentence

  • Go Big Refund Advance Loans are offered after you have filed your tax return.

  • Notwithstanding any other provision of this Agreement, a Franchisee may elect, prior to each Tax Season, whether or not to offer the Emerald Advance or Refund Advance products for that Tax Season.

  • The Parties acknowledge that EFS and its Affiliates may choose any entity or entities to originate the Refund Advance (the "Refund Advance Originator").

  • Notwithstanding any provision hereof to the contrary, if a ▇▇▇▇▇▇ Regulatory Event occurs (as determined by EFS in its sole and reasonable discretion based on Applicable Law), EFS also has the right at any time after thirty (30) days’ prior written notice to Meta to either (i) terminate this entire Agreement; or (ii) terminate the Agreement in part by terminating any or all of the Product Schedules other than Schedule E (Refund Advance Product Schedule).

  • To the extent EFS chooses Bank as the Refund Advance Originator for any Tax Season, the Parties agree that program (the "Refund Advance Program") will be documented separately from and is not part of the Amended PMA.

  • Before requiring EFS to suspend offering a Financial Product during a Tax Season, Meta will make commercially reasonable efforts to work with EFS to make changes to the Financial Product or the distribution of such Financial Product to address a change in Applicable Law or regulatory objection (or, in the case of Refund Advance, concerns regarding a material risk to the Safety and Soundness of Meta) and allow EFS to continue offering the Financial Product during the Tax Season.

  • For the avoidance of doubt, the “Virtual RA Addendum to the Program Management Agreement and Refund Advance Payment Agreement” dated December 30, 2020 is expiring according to its terms, and beginning in Tax Season 2022, Virtual RAs will be treated as Refund Advances for purposes of the PMA and Refund Advance Payment Agreement.


More Definitions of Refund Advance

Refund Advance or "RA" means a tax refund-related consumer loan originated by Meta, offered in Retail Locations at the time of tax preparation under the Program, which has no finance charge payable by the consumer and is secured and repaid solely by the consumer's tax refund(s), as further described in Schedule E (Refund Advance Product Schedule), and includes any Refund Advances Axos transferred to Meta pursuant to the Purchase Agreement.
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