Disclosure Statement Agreement Meaning

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If a seller does not provide a disclosure statement to the buyer, the buyer may cancel the contract to purchase the property. Again, these particular rules may vary are the area and type of property, so be sure to consult a lawyer if you have specific questions about a property. For pension accounts, a disclosure statement is a document that explains the rules of a financial transaction in simple, non-technical language. An IRA administrator must submit a disclosure statement to the IRA owner to the IRA owner at least seven days before the creation of the IRA or at the time of the creation of the IRA, if the ira owner has seven days to revoke the IRA. You must have sufficient money or credit available in an account from which you order us to make a payment or bank transfer. If one of your qualifying accounts is a money savings or account exit account, you can only make six (6) transfers to your account per account cycle, at least three of which can be made by checking or withdrawing by third parties by design or similar order. No online bank access account should be designated as requiring more than one signature for payments, transfers or invoices. If a transfer, credit payment or invoice payment is initiated in your favour through an online bank, you agree that we can debit the (s) account (s) indicated (s) without a signature being required on the item and without notification. You also accept the “conditions of your deposit account” that you received when you opened your deposit account. At first instance (above), the disclosure statement must contain information on IRA taxes, IRA distribution rules and sanctions, conditions for the creation of an IRA and general IRA rules.

In the latter case, however, the lender must pass this document on to the borrower before the proceeds of the loan are paid. You can revoke the use of Union Bank`s online banking services at any time, including, but not limited to, electronic statements, electronic communications, bill payments, etc. The use of all services can be revoked by contacting your local representative or by contacting our online banking support at 866-638-0552, Monday to Thursday except on public holidays, during hours from 9 a.m. to 5 p.m. and on Fridays, except on public holidays, during opening hours from 9:00 a.m. to 6:00 p.m. You can register to receive account statements and/or electronic communications at a local branch or to contact our online banking support at 866-638-0552 for help. If, at any time, you need a copy of an electronic print or paper communication, you can contact your local establishment representative.

Paper copying fees may be charged in accordance with the Bank`s regulations. Our current pricing plan is available on the bank`s website at www.unionbanknc.com under the Rates – Rates page. You can request to receive electronic statements and communications and, instead, paper copies at any time, By contacting your local agency representative or by contacting our online banking support at 866-638-0552, Monday to Thursday, except on public holidays, in the hours of 9 a.m. to 5 p.m. and on Fridays, except for the federal holidays, during the period from 9 a.m. to 6 p.m. Disclosure returns for all of these plans must clearly state who contributes to the plan, contribution limits when contributions are before or after tax, when investments are tax-deferred, and whether payments should be made without penalty.

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