Consumer complaint received 2025-02-22 00:00:00
Product: Debt or credit management — Credit repair services
Issue: Charged upfront or unexpected fees — 
Company: Self Financial Inc.
State: FL

Complaint narrative:
USA PATRIOT Act Customer Identification Program Notice XXXX XXXX, XXXX. XXXX XXXX XXXX XXXX XXXX XXXX, MN XXXX USA PATRIOT Act Customer Identification Program Notice Important Information You Need to Know About Opening A New Account To help the government fight the funding of terrorism and money laundering activities, federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account. 
Types of Information You Will Need to Provide When you open an account, we are required to collect information such as the following from you : Your name Date of birth Address Identification number XXXXXXXX XXXX : taxpayer identification number ( Social Security Number ) XXXX XXXX XXXX taxpayer identification number, passport number and country of issuance, XXXX  identification card number, or government-issued identification showing nationality, residence and a photograph of you. 
You may also need to show your driver 's license or other identifying documents. 
If Your Identity Can not Be Verified We may not be able to open an account for you. 
We thank you for your patience and hope that you will support the financial industry 's efforts to deny terrorists and money launderers access to America 's financial system. 

XXXX XXXX XXXX XXXX XXXX XXXX, XXXX. XXXX XXXX XXXX XXXX XXXX XXXX, MN XXXX Truth in Savings Disclosure for Certificate of Deposit FIXED RATE INFORMATION The interest rate on your account is 0.10 % with an annual percentage yield ( APY ) of 0.10 %. You will be paid this rate until maturity. 
COMPOUNDING AND CREDITING Interest will be compounded annually and will be credited to your account annually. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If you close your account before interest is credited, you will not receive the accrued interest. 
MINIMUM BALANCE REQUIREMENTS You must deposit {$510.00} to open this account. 
BALANCE COMPUTATION METHOD We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. 
ACCRUAL ON NONCASH DEPOSITS Interest begins to accrue on the business day you deposit noncash items ( for example, checks ). 
TRANSACTION LIMITATIONS You may not make deposits into your account until the maturity date. You may not make withdrawals from your account until the maturity date. 
MATURITY DATE Your account will mature on XX/XX/XXXX. 
EARLY WITHDRAWAL PROVISIONS Withdrawals made prior to maturity may be assessed a penalty of 90 days interest. If the CD closes before interest is credited to the CD, the customer will not receive the interest, which may result in a loss of principal due to penalty. 
RENEWAL POLICIES Your account will not automatically renew at maturity. If you do not renew the account, your deposit will be paid to you by check. 
ADDITIONAL INFORMATION The rate ( s ) and annual percentage yield ( s ) disclosed above were offered within the most recent seven calendar days, and were accurate as of XX/XX/XXXX. To obtain current rate and annual percentage yield information, please call ( XXXX ) XXXX. 

Terms and Conditions Terms and Conditions : Time Deposit Agreement- This document, along with your Truth in Savings disclosure for Certificate of Deposit, account selection form, Certificate Receipt, Privacy Notice, and other disclosures provided to you, constitutes our agreement with you regarding your Time Deposit. You have agreed to keep the funds on deposit until maturity. If your account has not matured, any withdrawal of all or part of the funds from your account may result in an early withdrawal penalty. We will consider requests for early withdrawal and, if granted, the penalty provided in the schedule will apply. 
Penalty - The early withdrawal penalty is calculated as a forfeiture of part of the accrued interest that has or would be earned on the account. If your account has not yet earned enough interest so that the penalty can be deducted from earned interest, or if the interest has already been paid, the difference will be deducted from the principal amount of your account. 
Withdrawals - Generally, unless clearly indicated otherwise on the account records, any of you, acting alone, who sign to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you ( until we receive written notice to the contrary ) authorizes each other person who signs or has authority to make withdrawals to endorse any item payable to you or your order for deposit to this account or any other transaction with us. 
Exceptions - We may let you withdraw money from your account before the maturity date without an early withdrawal penalty : ( 1 ) when one or more owners on the account dies or is determined legally incompetent by a court or other administrative body of competent jurisdiction; or ( 2 ) when the account is an individual retirement account ( IRA ) established in accordance with Title 26 U.S.C. Section 408 and the money is paid within seven ( 7 ) calendar days after the account is opened ; or ( 3 ) when the account is a XXXX XXXX  ( XXXX ), if you forfeit at least the interest earned on the withdrawn funds ; or ( 4 ) if the time deposit is an XXXX XXXX XXXX XXXX established pursuant to Title 26 U.S.C. Section 408 or Title 26 U.S.C. Section 401, when you reach age XXXX XXXX or become disabled; or ( 5 ) within an applicable grace period ( if any ). 
Right of Setoff - Subject to applicable law, we may exercise our right of setoff that we are entitled to exercise under common law, under this agreement and under statute, or security interest to recover amounts you owe us from any and all accounts you maintain with us without notice to you, except that this provision does not apply to any XXXX XXXX XXXX certain trust accounts ( but excluding XXXX XXXX accounts ), or health savings accounts. We may exercise our right of setoff for any liability or debt of any of you, whether joint or individual, whether direct or contingent, whether now or hereafter existing, and whether arising from overdrafts, endorsements, guarantees, loans, attachments, garnishments, levies, attorneys fees, or other obligations. 
Notice of Amendments - You agree that from time to time we may amend the terms and conditions of this agreement, including without limitation all rates, fees, and charges, to the extent permitted by law. We will notify you of amendments as required by law. 
Payment of Interest - Interest will be compounded annually and will be credited to your account annually. Please see your Truth in Savings disclosures for the current rate and policies.

Additional Deposits - You may not make additional deposits to your time account.

Your Deposit You agree that instead of holding your deposit in a deposit account with us, we may act as your agent and place your funds into a deposit account held by us on your behalf at another financial institution. The same terms as apply to your deposit with us will apply to any funds deposited by us on your behalf at another financial institution, including any assignment of deposit account that you execute with us. You can contact us at XXXX to find out at which financial institution your funds have been placed. Regardless of where your funds are placed, you will continue to access your funds through your account with us. You further grant us authority to execute such documents on your behalf as may be necessary to transfer and maintain your funds at another insured financial institution.

FDIC Insurance Subject to the provisions of this section, the funds in your account will be FDIC-insured up to the limits provided by applicable law. FDIC insurance currently covers deposit accounts in any insured bank up to {$250000.00}. If, acting as your agent, we place your funds at another insured financial institution, any deposits you otherwise maintain at such financial institution in the same ownership capacity as the funds in your account will be combined with your account funds for purposes of determining your FDIC insurance coverage limit. Therefore, if you have funds on deposit at any financial institution that, when combined with the funds in your account, would be in excess of {$250000.00}, please notify us immediately by calling XXXX and identify the financial institution. As long as proper and timely notification is provided to us, the funds in your account will continue to be FDIC-insured up to the limits provided by applicable law. 

FACTS Why? 
Financial Companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share and protect your personal information. Please read this notice carefully to understand what we do. 
What? 
The types of personal information we collect and share depend on the product or service you have with us. This information can include : Social Security Number and Income Account Balances and Payment History Credit History and Credit Scores When you are no longer our customer, we continue to share your information as described in this notice. 
How? 
All financial companies need to share customer 's personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customer 's personal information ; the reasons XXXX XXXX, XXXX. chooses to share ; and whether you can limit this sharing. 
WHAT DOES XXXX XXXX XXXXXXXX. DO WITH YOUR PERSONAL INFORMATION? 
Reasons we can share your personal information For our everyday business purposes such as to process your transactions, maintain your account ( s ), respond to court orders and legal investigations, or report to credit bureaus Yes No Does XXXX XXXX XXXX. Share? 
Yes For joint marketing with other financial companies Yes Can you limit this sharing? 
No No No We don't share We don't share We don't share For our marketing purposes to offer our products and services to you For our affiliates everyday business purposes Yes No For our affiliates to market to you No For nonaffiliates to market to you No Questions? Call ( XXXX ) XXXX or go to XXXX  information about your transactions and experiences For our affiliates everyday business purposes information about your creditworthiness XXXX XXXX Who we are Who is providing this notice? 
XXXXXXXX XXXX  XXXX. 
What we do How does XXXX XXXX, XXXX. protect my personal information? 
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. 
How does XXXX XXXX, XXXX. collect my personal information? 
We collect your personal information, for example, when you Open an Account or Deposit Money Pay your bills or Apply for a loan Make a wire transfer We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. 
Why can't I limit all sharing? 
Federal law gives you the right to limit only Sharing for affiliates everyday business purposes- information about your creditworthiness, Affiliates from using your information to market to you, sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. 
Definitions Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies. 
Our affiliates include financial companies such as University XXXX XXXX XXXX XXXX XXXX. 
Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies. 
XXXX XXXX, XXXX. does not share with nonaffiliates so they can market to you. 
Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you. 
Our joint marketing partners include a credit card companies. 

Covered Borrower Identification Statement Borrower : XXXX XXXX XXXX XXXX XXXXXXXX XXXX XXXX XXXX, FL XXXX Lender : XXXX XXXX XXXXXXXX. 
XXXX XXXX XXXX XXXX XXXX XXXX, MN XXXX ( XXXX ) XXXX COVERED BORROWER IDENTIFICATION STATEMENT Federal law provides important protections to XXXX XXXX XXXX  of the XXXX XXXX and their dependents. To ensure that these protections are provided to eligible applicants, we require you to sign one of the following statements as applicable : I AM a XXXX XXXX XXXX XXXX  of the XXXX, XXXX, XXXX XXXX, XXXX XXXX, or XXXX XXXX, serving on XXXX XXXXXXXX XXXX XXXX XXXX  or order that does not specify a period of 30 days or fewer. 
BORROWER : XXXX XXXX XXXX Date I AM a dependent of a member of the XXXX XXXX on XXXX XXXX as described above, because I am the members spouse, the members child under the age of XXXX XXXX XXXX or I am an individual for whom the member provided more than one-half of my financial support for 180 days immediately preceding todays date. 
BORROWER : XXXX XXXX XXXX Date I AM NOT a regular or reserve member of the XXXX, XXXX, XXXX XXXX, XXXX XXXX, or XXXX XXXX, serving on XXXX XXXX under a call or order that does not specify a period of 30 days or fewer. 
BORROWER : XXXX XXXX XXXXXXXX XX/XX/XXXX XXXX XXXX Date WARNING : It is important to fill out this form accurately. Knowingly making a false statement on a credit application is a CRIME. 

Disclosure Statement DISCLOSURE STATEMENT Principal Loan Date Maturity Loan No. Account {$510.00} XX/XX/XXXX XX/XX/XXXX XXXX XXXX References in the boxes above are for Lenders use only and do not limit the applicability of this document to any particular loan or item. 
Borrower : XXXX XXXX XXXX XXXX XXXXXXXX XXXX XXXX XXXXXXXX, FL XXXX Lender : XXXX XXXX XXXX 
XXXX XXXX XXXX XXXX XXXX XXXX, MN XXXX ( XXXX ) XXXX ANNUAL PERCENTAGE RATE The cost of my credit as a yearly rate. 
FINANCE CHARGE The dollar amount the credit will cost me. 
Amount Financed The amount of credit provided to me or on my behalf. 
Total of Payments The amount I will have paid after I have made all payments as scheduled. 
{$600.00} 15.92 % {$89.00} {$510.00} PAYMENT SCHEDULE. My payment schedule will be XXXX  monthly payments of {$25.00} each, beginning XX/XX/XXXX. 
SECURITY. I am giving security interest in XXXX XXXX XXXX XXXX XXXX with XXXX with an approximate balance of {$510.00}. 
PREPAYMENT. If I pay off early, I will not have to pay a penalty. 
REQUIRED DEPOSIT. The Annual Percentage Rate does not take into account my required deposit. 
LATE CHARGE. If a payment is 15 days or more late, I will be charged 5.00 % of the payment. 
I will look at my contract documents for any additional information about nonpayment, default, any required repayment in full before the scheduled date, and prepayment refunds. 
I read and was given a completed copy of this Disclosure Statement on XX/XX/XXXX, prior to signing the note. 
Borrower : XXXX XXXX XXXX XXXX XXXX Itemization of Amount Financed of {$510.00} Amount paid directly to your Certificate of Deposit : {$510.00} Deposited to Certificate of Deposit Number : XXXX Administrative Fee : Prepaid Finance Charge : {$0.00} Note Principal : {$510.00} Total amount paid to your Certificate of Deposit : {$510.00} Account Type Definitions XXXX XXXX XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, MN XXXX BS SINGLE-PARTY ACCOUNT WITHOUT P.O.D. ( PAYABLE ON DEATH ) DESIGNATION : The party to the account owns the account. On the death of the party, ownership of the account passes as a part of the partys estate under the partys will or by intestacy. 
SINGLE-PARTY ACCOUNT WITH P.O.D. ( PAYABLE ON DEATH ) DESIGNATION : The party to the account owns the account. On the death of the party, ownership of the account passes to the P.O.D. beneficiaries of the account. The account is not a part of the partys estate. 
Enter the name or names of the P.O.D. beneficiaries and their addresses : Name Addresses : I acknowledge that I have read each paragraph of this Notice and affirm that I selected the account type next to which my initials are found. 
XXXX XXXX XX/XX/XXXX Signature Date Collateral Receipt COLLATERAL RECEIPT Principal Loan Date Maturity Loan No. Account {$510.00} XX/XX/XXXX XX/XX/XXXX XXXX XXXX References in the boxes above are for Lenders use only and do not limit the applicability of this document to any particular loan or item. 
XXXX : XXXX XXXX XXXX XXXX XXXXXXXX XXXX XXXX  XXXX, FL XXXX Lender : Sunrise Banks, XXXX. 
XXXX XXXX XXXX XXXX XXXX XXXX, MN XXXX ( XXXX ) XXXX DESCRIPTION OF COLLATERAL Certificate of Deposit Number XXXX with Lender with an approximate balance of {$510.00} By signing below, you acknowledge that the Collateral described above will be used to open an account ( the Collateral Account ) that will be held as collateral against your Note # XXXX. 
Once the Promissory Note you signed is paid off in full, if there is any balance held in the Collateral Account, it will be sent back to you ( " XXXX '' ). 
XXXX : XXXX XXXX XXXX XXXX XXXX XXXX Signature Card XXXX XXXX XXXX. ( XXXX ) XXXX XXXX Account Owner Name & Address XXXX XXXX XXXX XXXX XXXX XXXX  XXXX XXXX, FL XXXX Account Open Date Account Number XX/XX/XXXX XXXX Backup Withholding Certifications Ownership Type Individual Initial Deposit {$510.00} Term 24 Months The types of accounts provided by Minnesota law have been disclosed on the separate Single-Party or Multiple-Party Account Selection Form Notice ( Selection Form Notice ), on which the undersigned have initialed to designate the ownership type selected. The undersigned acknowledge ( s ) receipt of a copy of the completed Selection Form Notice.

Other ( If not a " U.S. Person '', certify foreign status separately ) By signing signature field ( XXXX ) on this document, I certify under penalties of perjury that the statements made in this section are true and that I am a XXXX XXXX or other XXXX person ( as defined in the instructions ). 
Taxpayer I.D . Number ( TIN ) - XXXX The Taxpayer Identification Number ( TIN ) shown is my correct taxpayer identification number. 
Exempt Recipients. I am an exempt recipient under the Internal Revenue Service Regulations. Exempt payee code ( if any ) FATCA Code. The FATCA code entered on this form ( if any ) indicating that I am exempt from FATCA reporting is correct. FATCA code ( if any ) Signature ( XXXX ). The undersigned certifies the accuracy of the information he/she has provided and acknowledges receipt of a completed copy of this form. The undersigned authorizes the financial institution to verify credit and employment history and/or have a credit reporting agency prepare a credit report on the undersigned, as individuals. The undersigned also acknowledges the receipt of a copy and agrees to the terms of the following agreement ( XXXX ) and/ or disclosure ( s ) : Backup Withholding. I am not subject to backup withholding either because I have not been notified that I am subject to backup withholding as a result of failure to report all interest or dividends, or the Internal Revenue Service has notified me that I am no longer subject to backup withholding. 
The Internal Revenue Service does not require your consent to any provision of this document other than the certifications required to avoid backup withholding. 
Terms & Conditions Truth In Savings Privacy Certificate Receipt XXXX XXXX XXXX XXXX XXXX XXXX XX/XX/XXXX Negative Information Disclosure NEGATIVE INFORMATION DISCLOSURE Principal Loan Date Maturity Loan No. Account {$510.00} XX/XX/XXXX XX/XX/XXXX XXXX XXXX References in the boxes above are for Lenders use only and do not limit the applicability of this document to any particular loan or item. 
Borrower : XXXX XXXX XXXX XXXX XXXX TER XXXX XXXX, FL XXXX Lender : Sunrise Banks, XXXX. 
XXXX XXXX XXXX XXXX XXXX XXXX, MN XXXX ( XXXX ) XXXX We XXXX report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report. 
I read and understood this Negative XXXX XXXX on XX/XX/XXXX. 
Borrower : X XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX ACCOUNT Principal Loan Date Maturity Loan No. Account {$510.00} XX/XX/XXXX XX/XX/XXXX XXXX XXXX References in the boxes above are for Lenders use only and do not limit the applicability of this document to any particular loan or item. 
XXXX : XXXX XXXX XXXX XXXX XXXXXXXX XXXX XXXX  XXXX, FL XXXX Lender : Sunrise Banks, XXXX. 
XXXX XXXX XXXX XXXX XXXX XXXX, MN XXXX ( XXXX ) XXXX INDEX. The following index is for convenience purposes only and is not to be used to interpret or to define any provisions of this Agreement. 
1. DEFINITIONS ( A ) Account ( B ) Agreement ( C ) Borrower ( D ) Collateral ( E ) Event of Default ( F ) Grantor ( G ) Guaranty ( H ) Indebtedness ( I ) Lender ( J ) Note ( K ) Property ( L ) Related Documents 2. ASSIGNMENT 3. COLLATERAL DESCRIPTION 4. RIGHT OF SETOFF 5. GRANTOR 'S REPRESENTATIONS AND PROMISES WITH RESPECT TO THE COLLATERAL ( A ) Ownership ( B ) Right to Grant Security Interest ( C ) No Prior Assignment ( D ) No Further Transfer ( E ) No Defaults ( F ) Proceeds ( G ) Validity ; Binding Effect ( H ) Financing Statements 6. LENDER 'S RIGHTS AND OBLIGATIONS WITH RESPECT TO THE COLLATERAL 7. LENDER 'S EXPENDITURES 8. LIMITATIONS ON OBLIGATIONS OF LENDER 9. DEFAULT 10. RIGHTS AND REMEDIES ON DEFAULT ( A ) Accelerate Indebtedness ( B ) Application of Account Proceeds ( C ) Transfer Title ( D ) Other Rights and Remedies ( E ) Deficiency Judgment ( F ) Election of Remedies ( G ) Cumulative Remedies 11. MISCELLANEOUS PROVISIONS ( A ) Amendments ( B ) Attorneys ' Fees ; Expenses ( C ) Caption Headings ( D ) Governing Law ( E ) Choice of Venue ( F ) No Waiver by Lender ( G ) Notices ( H ) Power of Attorney ( I ) Severability ( J ) Successors and Assigns ( K ) Survival of Promises ( L ) Time is of the Essence 1. DEFINITIONS. The following words shall have the following meanings when used in this Agreement : ( A ) Account. The word " Account '' means the deposit account ( s ) described in the " Collateral Description '' section.

( B ) Agreement. The word " Agreement '' means this Assignment of Deposit Account, as this Assignment of Deposit Account may be amended or modified from time to time, together with all exhibits and schedules attached to this Assignment of Deposit Account from time to time. 
( C ) Borrower. The word " Borrower '' means XXXX XXXX and includes all co-signers and co-makers signing the Note and all their successors and assigns. 
( D ) Collateral. The word " Collateral '' means all of Grantor 's right, title and interest in and to all the Collateral as described in the Collateral Description section of this Agreement.

( E ) Event of Default. The words " Event of Default '' mean any of the events of default set forth in this Agreement in the default section of this Agreement.

( F ) Grantor. The word " Grantor '' means XXXX XXXX. 
( G ) Guaranty. The word " Guaranty '' means the guaranty from guarantor, endorser, surety, or accommodation party to Lender, including without limitation a guaranty of all or part of the Note.

( H ) Indebtedness. The word " Indebtedness '' means the indebtedness evidenced by the Note or Related Documents, including all principal and interest together with all other indebtedness and costs and expenses for which Grantor is responsible under this Agreement or under any of the Related Documents.

( I ) Lender. The word " Lender '' means XXXX XXXX, XXXX, its successors and assigns. The words " successors or assigns '' mean any person or company that acquires any interest in the Note. 
( J ) Note. The word " Note '' means the note or credit agreement dated XX/XX/XXXX, in the principal amount of {$510.00} from XXXX XXXX to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of and substitutions for the note or credit agreement. 

( K ) Property. The word " Property '' means all of Grantor 's right, title and interest in and to all the Property as described in the " Collateral Description '' section of this Agreement.

( L ) Related Documents. The words " Related Documents '' mean all promissory notes, credit agreements, loan agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness. 
THIS ASSIGNMENT OF DEPOSIT ACCOUNT dated XX/XX/XXXX, is made and executed between XXXX XXXX ( " XXXX '' ) and XXXX XXXX XXXX XXXX " XXXX '' ). 
XXXX. ASSIGNMENT. For valuable consideration, Grantor assigns and grants to Lender a security interest in the Collateral, including without limitation the deposit account ( s ) described below, to secure the Indebtedness and agrees that Lender shall have the rights stated in this Agreement with respect to the Collateral, in addition to all other rights which Lender may have by law. 
XXXX. COLLATERAL DESCRIPTION. The word " Collateral '' means the following described deposit account ( s ) ( " Account '' ) : Certificate of Deposit Number XXXX with Lender with an approximate balance of {$510.00} together with ( A ) all interest, whether now accrued or hereafter accruing ; ( B ) all additional deposits hereafter made to the Account ; ( C ) any and all proceeds from the Account ; and ( D ) all renewals, replacements and substitutions for any of the foregoing. 
4. RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Grantor 's accounts with Lender ( whether checking, savings, or some other account ). This includes, without limitation, all accounts Grantor holds jointly with someone else and all accounts Grantor may open in the future. However, this does not include any XXXX XXXX XXXXXXXX accounts, or any trust accounts for which setoff would be prohibited by law. Grantor authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the Indebtedness against any and all such accounts. 
5. GRANTOR 'S REPRESENTATIONS AND PROMISES WITH RESPECT TO THE COLLATERAL. Grantor represents and promises to Lender that : ( A ) Ownership. Grantor is the lawful owner of the Collateral free and clear of all loans, liens, encumbrances, and claims except as disclosed to and accepted by Lender in writing.

( B ) Right to Grant Security Interest. Grantor has the full right, power, and authority to enter into this Agreement and to transfer the Collateral to Lender.

( C ) No Prior Assignment. Grantor has not previously granted a security interest in the Collateral to any other creditor.

( D ) No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor 's rights in the Collateral except as provided in this Agreement.

( E ) No Defaults. There are no defaults relating to the Collateral, and there are no offsets or counterclaims to the same. Grantor will strictly and promptly do everything required of Grantor under the terms, conditions, promises, and agreements contained in or relating to the Collateral.

( F ) Proceeds. Any and all replacement or renewal certificates, instruments, or other benefits or proceeds related to the Collateral that are received by Grantor shall be held by Grantor in trust for Lender and immediately shall be delivered by Grantor to Lender to be held as part of the Collateral.

( G ) Validity ; Binding Effect. This Agreement is binding upon Grantor and Grantor 's successors and assigns and is legally enforceable in accordance with its terms.

( H ) Financing Statements. Grantor authorizes Lender to file a UCC financing statement, or alternatively, a copy of this Agreement to perfect Lender 's security interest. At Lender 's request, Grantor additionally agrees to sign all other documents that are necessary to perfect, protect, and continue Lender 's security interest in the Property. Grantor will pay all filing fees, title transfer fees, and other fees and costs involved unless prohibited by law or unless Lender is required by law to pay such fees and costs. Grantor will promptly notify Lender of any change to Grantor 's name or the name of any individual Grantor, any individual who is a partner for a Grantor, and any individual who is a trustee or settlor or trustor for a Grantor under this Agreement. Grantor will also promptly notify Lender of any change to the name that appears on the most recently issued, unexpired driver 's license or state-issued identification card, any expiration of the most recently issued driver 's license or state-issued identification card for XXXX or any individual for whom Grantor is required to provide notice regarding name changes.

6. LENDER 'S RIGHTS AND OBLIGATIONS WITH RESPECT TO THE COLLATERAL.

While this Agreement is in effect, Lender may retain the rights to possession of the Collateral, together with any and all evidence of the Collateral, such as certificates or passbooks. This Agreement will remain in effect until ( a ) there no longer is any Indebtedness owing to Lender ; ( b ) all other obligations secured by this Agreement have been fulfilled ; and ( c ) Grantor, in writing, has requested from Lender a release of this Agreement.

7. LENDER 'S EXPENDITURES. If Grantor fails ( A ) to keep the Collateral free of all taxes, liens, security interests, encumbrances, and other claims, ( B ) to provide any required insurance on the Collateral, or ( C ) to make repairs to the Collateral then Lender may do so. If any action or proceeding is commenced that would materially affect Lender 's interests in the Collateral, then Lender on Grantor 's behalf may, but is not required to, take any action that Lender believes to be appropriate to protect Lender 's interests. All expenses incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses will become a part of the Indebtedness and, at Lender 's option, will ( A ) be payable on demand ; ( B ) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either ( 1 ) the term of any applicable insurance policy ; or ( 2 ) the remaining term of the Note ; or ( C ) be treated as a balloon payment which will be due and payable at the Note 's maturity. The Agreement also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of any default. Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had.

8. LIMITATIONS ON OBLIGATIONS OF LENDER. Lender shall use ordinary reasonable care in the physical preservation and custody of any certificate or passbook for the Collateral but shall have no other obligation to protect the Collateral or its value. In particular, but without limitation, Lender shall have no responsibility ( A ) for the collection or protection of any income on the Collateral ; ( B ) for the preservation of rights against issuers of the Collateral or against third persons ; ( C ) for ascertaining any maturities, conv

Company response to consumer: Closed with explanation