How We Will Calculate Your Balance: Average daily balance including new
6. We have the right to refuse to allow you to use your Account for new trans-
programs are shown at the top of this Agreement. You will receive a sep-
but an item presented for payment on your Account is returned unpaid,
purchases. See your account agreement for more details.
actions. We will notify you in writing of the reason for any such denial of credit.
arate written notice before you become obligated informing you of the
we can assess finance charges retroactive to the date the payment was
Sandia Laboratory
Billing Rights: Information on our rights to dispute transactions and how to
Reasons we can deny you credit include but are not limited to your already having
type of Credit Card Account we have opened for you and your credit
credited.
exercise those rights is provided in your account agreement.
borrowed up to your credit limit, an adverse change in your credit standing, your
limit. Rates applicable to your Account will also be disclosed to you on
16. Special Considerations Regarding Merchant Transactions
failure to meet loan-or account-related obligations to us. or our reasonable belief
periodic statements we will send you.
16.1 you made purchase and the merchant discloses policy such
Federal Credit Union
Monthly Periodic
VISA® Gold with No Rebate: 0.77%
that a requested transaction is illegal or unauthorized
4. We have the right to change the interest rate applicable to your
as "no returns, "no refunds, "no credit without receipt, "as is.' "store credit
Rates:
VISA Classic or MasterCard with No Rebate: 0.81%
7. You are not permitted to use your Account for illegal transactions such as
Account for any lawful reason, including but not limited to our review of
only," or "all sales final," you agree to be bound by that merchant's policy.
VISA Gold with Rebate: 0.92%
illegal Internet gambling. We have the right but not the duty to refuse to authorize
your Account (see Section C of this Agreement) by giving you notice
16.2 When you use your Account to make travel or lodging reserva-
VISA and MasterCard Credit Card Agreement
VISA Classic or MasterCard with Rebate: 0.96%
a transaction if we reasonably believe it is illegal. Responsibility for deter-
required by law. Any increased interest rate will apply only to transac-
tions, you agree to request the merchant's cancellation policy and follow it
and Truth in Lending Disclosure
VISA Student Card with Rebate: 0.96%
mining the legality of transactions rests with you, not with us. You cannot use the
tions initiated at least 14 days after we send you the notice.
if you cancel. Otherwise, the merchant may charge you unless you can
actual or alleged illegality of an authorized transaction on your Account as a
5. Your minimum monthly payment will be the greater of 3% of the
provide us with the cancellation code the merchant is required to give you.
Interest Rate and Interest Charges
The extension of credit to you under this Agreement will be subject to the following
defense to your obligation to pay it.
current monthly balance or $20, plus any over-limit or delinquent
16.3 If you authorize merchant to charge your Account for repeat
terms. Parts in bold face meet Truth in Lending disclosure requirements. Read this
8. You are not permitted to transfer one SLFCU credit card balance to
amounts. If your balance is less than $20, you must pay it in full.
transactions without your Credit Card, you will notify the merchant when
Annual Percentage
9.25%
entire Agreement and keep copy for your records. "Applicant" refers to any per-
another SLFCU credit card Account. and you may not use advances on an SLFCU
6. Calculation of Finance Charges: Average Daily Balance Method.
you want to discontinue the repeat transactions or your Account is closed.
VISA Gold with No Rebate
Rate (APR)
son who signs the Credit Application, will receive a VISA or MasterCard Credit
Credit Card Account to pay other obligations you have to SLFCU.
Interest is calculated separately for purchase balances and cash advance
16.4 If you disagree with a transaction on your statement, you agree
for Purchases
9.75%
VISA Classic or MasterCard
Card and will the VISA or MasterCard Credit Card Account A Credit Card
9. You will generally not be allowed to exceed your credit limit unless you opt
balances. We arrive at the interest portion of the Finance Charge for each
to provide any information or assistance we reasonably request. Other-
in
with No Rebate
Account may have one or more Applicants. "Co-Signer" refers to a person who
to doing so in writing and agree to pay fee each time you exceed your limit.
balance type by first calculating the average daily Account balance for
wise you will pay us for any loss we incur, subject only to any limits
11.00%
signs a Credit Application and is responsible for all charges incurred using the
Exceeding your credit limit may adversely affect your credit standing.
the statement period. To obtain the daily Account balances of purchases,
imposed by law.
VISA Gold with Rebate
Credit Card Account but who will not be issued a Card and will not use the Account
we add any new purchases to the previous day's purchase balance, then
16.5 A merchant, such as hotel or rental car agency, may place a
11.50%
B. REPAYMENT OBLIGATIONS
"Credit Union, "we" and "us" refer to Sandia Laboratory Federal Credit Union. "You"
subtract any payments or other credits applied to the purchase balance.
"hold" on your Account for anticipated charges. This may result in your
VISA Classic or MasterCard®
and "your" refer to any Applicant and, the context indicates, to any Co-Signer. "Ac-
1. Each Applicant and Co-Signer is obligated to repay the Account under the
To obtain the daily Account balances of cash advances, we add any new
credit limit being unavailable for the duration of the merchant hold, and as
with Rebate
11.50%
count" refers to the line of credit established under this Agreement. "Card" refers
terms of this Agreement.
cash advances to the previous day's cash advance balance, then sub-
a result, other transactions may be declined due to lack of available credit.
VISA® Student Card
to the credit card(s) issued under this Agreement. The singular implies the plural if
2. Each Applicant and Co-Signer is also obligated to repay any charges
tract any payments or other credits applied to the cash advance balance.
17. You must maintain a regular share account with SLFCU with the
with Rebate
there is more than one Applicant or Co-Signer.
resulting from the use of the Account by an Authorized User. regardless of whether
We then total the daily balances for the statement period and divide by
required minimum balance at all times you have an outstanding balance on
APR for Balance
Same as above
the Authorized User stays within the limits of permission given to use the Account.
the number of days in the period to get the Average Daily Balance. This
your Account, even if the Account is closed to new transactions.
A. LOAN ADVANCES
We are not subject to agreements between you and Authorized Users limiting their
figure is multiplied by the Monthly Periodic Rate (1/12 of the APR) to
Transfers
use of the Account. An Authorized User is any person to whom an Applicant
or
1. You affirm that any Account established for you under this Agreement will be
obtain the interest component of the Finance Charge.
E. OTHER CHARGES
APR for Cash
Same as above
used for personal, family or household purposes and not for business purposes
Co-Signer has given actual, implied or apparent permission the Account.
7. We will apply payments on your Account first to fees such as late
You will pay the following fees in connection with breach of your
Advances
2. If the Credit Union approves your application, each Applicant will be issued
3. Each Applicant and Co-Signer remains obligated to repay all obligations
fees, then to interest, then to principal. If your payment exceeds the
obligations or services you request:
a Card and will be able to use the Account.
incurred under this Agreement until we are notified in writing to close the Account
required minimum, any excess will be applied to higher rate balances
Penalty APR and
None
Returned Payment Instrument
up to $20.00 per returned item
When It Applies
3. To make a purchase or get cash advance. you can present the Card to a
and all issued Cards are returned to us Closing of the Account will not relieve
before is applied to lower rate balances. If purchase and cash advance
participating VISA /MasterCard plan merchant, to the Credit Union. or to another
any Applicant or Co-Signer of payment obligations incurred prior to our receipt of
balances bear interest at the same rate, payments are applied first to
Account Research
$20.00 per hour, $5. minimum
notice to close the Account.
previously billed purchases, then to previously billed cash advances,
waived if Credit Union error is revealed
How To Avoid
Your due date is at least 25 days after the
financial institution, and sign the sales or cash advance draft imprinted with your
Paying Interest
close of each billing cycle. We will not charge
Card number. Keep sales and cash advance drafts to reconcile your monthly
5. Each Applicant and Co-Signer remains bound to repay all obligations
then to current cash advances, then to current purchases.
Late Payment up to $20.00 the payment is received one or more days late
you any interest on purchases if you pay your
statements. You can also make purchases by giving your Card number to a
incurred under this Agreement, even though another person has been directed to
8. You can repay the balance you owe, including accrued finance
Over-the-Credit-Limit
up to $20.00 you opt-in allowing
merchant by telephone, over the Internet, or by other means, in which case your
pay the debt by an agreement or court order to which we are not a party, such as
charges, in full at any time without prepayment penalty.
entire balance by the due date each month.
9. Increases in the outstanding balance increase the required
your credit limit to be exceeded
only record of the transaction may be your monthly statement You can also
a divorce decree. Any release from the obligation to pay under this Agreement
We will begin charging interest on cash
access the Account to obtain cash advances at designated ATMs, subject to
must be either (a) in writing and signed by an authorized SLFCU employee or
minimum payment, which will be reflected in the monthly statement.
Plastic Card Replacement
$5.00 each
advances and balance transfers on the
additional ATM terms at the end of this Agreement, and to obtain cash advances
(b) pursuant to court order in an action to which SLFCU is a party.
10. We will send you periodic statements of your Account which will advise
Cash Advance Fee
$5.00 each
transaction date.
via CU@home online banking in the form of either a deposit of the advance
6. Co-Signers, who do not have access to the Account but are liable to repay
you of the status of your Account and any information required by law.
amount to an SLFCU account that you designate or a check payable to you and
it, acknowledge receipt of copy of this Agreement as well as the separate Notice
11. You will make monthly payments on or before the due date specified
Statement Copy
$2.00 per page
Minimum Interest
mailed to you at the address we have for you in our records.
to Co-Signer.
in your periodic statements.
None
Charge
4. We may issue courtesy checks on this Account from time to time. Any
12. If at any time your current unpaid Account balance exceeds your
You will also pay direct costs that the Credit Union incurs for complying
C. CREDIT REVIEW
Applicant may sign courtesy check payable to any person or entity that accepts
authorized credit limit, you must, upon our written demand, immediately make
with your special service requests, such as delivery fees for overnight
a single lump-sum payment to reduce your balance to an amount within the
shipment of replacement plastic cards.
personal checks. When we pay the courtesy check, it will post to the Account as
We will set credit limit on your Account and review your Account from time to
a
For Credit Card
To learn more about factors to consider
time. We may consider your credit history with third parties such as credit bureaus.
authorized credit limit.
cash advance. There is no additional charge for printing or using courtesy checks
other than the cash advance fee, but if you request special handling, such as a
your history of meeting your obligations to SLFCU, and updated financial infor-
13. Foreign Transactions: For VISA® transactions initiated in foreign
F. REBATES
Tips from the
when applying for or using a credit
Consumer Financial
card, visit the website of the Consumer
stop payment, we may charge you the same fee we would charge for the same
mation we request from you. Based on our review, we may increase or decrease
currencies, the exchange rate between the transaction currency and the billing
If you charge goods or services on your Account in any calendar year, a
Protection Bureau
Financial Protection Bureau at
service on a regular SLFCU check (share draft). Fees for special handling of
your credit limit, increase or decrease your interest rate, or close your Account.
currency (U.S. dollars) will be (a) rate selected by VISA® from the range of
credit (rebate) equal to 0.5% (VISA Classic Rebate Card. MasterCard
checks are shown on the SLFCU Fee Schedule. If you do not wish to use courtesy
We will give you notice required by law if we make changes adverse to you. You
rates available in wholesale currency markets for the applicable central
Rebate Card, VISA Student Rebate Card) or 0.75% (VISA Gold Card) of
www.consumerfinance.gov/learnmore
checks, destroy them. You agree to notify us immediately if courtesy checks issued
can request a credit limit increase by submitting a written application to us.
processing date, which rate may vary from the rate VISA itself receives, or
all purchases during the year will be paid to you annually. The rebate will
Fees
to you are lost or stolen and to report any unauthorized special checks that appear
All Credit Cards issued or re-issued are subject to approval. If your Account has
(b) the government-mandated rate in effect for the applicable central
be paid in the form of a credit to your Account. We reserve the right to
been inactive for six consecutive months, may not be automatically renewed
processing date For MasterCard transactions initiated in foreign currencies.
revoke rebates if you use your card for business purpose transactions or
on your Account statements. We operate in an automated check-processing
Annual Fees
None
environment and in almost all cases we do not physically examine checks that
the exchange rate will be a either government-mandated exchange rate or
transactions we reasonably determine to be illegal.
D. REPAYMENT TERMS
clear. You agree that we have the right but not the obligation to refuse to pay
a wholesale exchange rate selected by MasterCard International on the day
courtesy checks that are not signed by in Applicant, and we will not be responsible
1. You promise to pay SLFCU or order (a) at one of our offices or (b) by mail-
they process the transaction, which may differ from the rate that applied on
G. SECURITY INTERESTS
Transaction Fees
for any unauthorized courtesy checks if you fail to report them within 60 days after
ing payment to us at the address designated on your billing statement, all sums
the day the transaction took place or the day the transaction posted to your
1. In consideration for and as a condition of SLFCU issuing a credit
Balance Transfers
None
advanced to you under this Agreement at any time plus interest and other fees and
account. For both VISA and MasterCard®, if transaction is initiated in a
card to you, you agree that if you do not make your required payments,
Cash Advances
$5.00
we send you the first statement on which they appear. If you wish to stop payment
on a courtesy check, you must notify us before the check is presented to us for
charges incurred under this Agreement. The Finance Charge is the amount of
foreign country or foreign currency, a fee of 1% of the transaction
we can take any FCU shares in which you have an interest (unless
Foreign
1% of each transaction in US dollars
money you pay for the money you borrow. The interest component of the
amount in US dollars will be assessed.
prohibited by law or the share agreement) to recover all or part of what
payment and you must provide the exact dollar amount and check number or we
Transactions
may not be able to find and stop it. We will not be responsible for failure to stop
Finance Charge is based on an Annual Percentage Rate.
14. Payments in Foreign Currency. You agree to make all payments to us
you owe without advance notice to you. "Shares" includes share
courtesy check payments if you do not give us the exact information we require in
2. Grace Period on Purchases: If you paid your previous statement's
in U.S. Dollars using payment instruments drawn on U.S. financial institutions
(savings), money market, share draft (checking). and certificate accounts.
sufficient time (at least one business day prior to presentment) for to act on your
balance in full before its due date, or you had no previous balance at the
We may, at our option, accept payments in foreign currency or checks drawn
IRAs and other accounts subject to preferential tax treatment are not
Penalty Fees
Late Payment
Up to $20
request. Merchant dispute rights do not apply to courtesy checks, and if courtesy
beginning of the billing cycle, you will have a grace period of 25 days on
on non-U.S banks. If we do, we may impose service and collection charges,
included.
check clears, you must resolve any disputes directly with the payee.
average to pay your purchase balance without interest finance charges. If you
and you agree the charges we set will be final.
2. This consent does not restrict your right to withdraw funds prior
Over-the-Credit
Up $20
5. This Account will be open-end or revolving. This means you can borrow the
do not pay your balance in full before the end of the grace period, interest will
15. Payment Holds. We will promptly credit your payments as required by
to your default and our exercise of our rights consistent with this consent.
Limit
full amount of the credit limit, repay the principal in full in part, and borrow again
be assessed on your entire outstanding balance including new purchases.
law. We may, however, delay for the maximum time allowed by law increasing
and is not a pledge by you of any shares.
Returned
Up to $20
up to your credit limit as long as you remain creditworthy and member of SLFCU
3. The interest rate on your Account will depend on which credit card you
your available credit or refunding credit balances until final collection of non-
3. Our exercise of our rights under this consent will not be an election
Payment
in good standing. To remain in good standing, you must meet all of your
request and will be established when we open your Account. The ANNUAL
cash items presented to pay your Account Adelay in increasing your available
of remedies.
obligations to SLFCU.
PERCENTAGE RATE and Monthly Periodic Rate for our Credit Card Account
credit or issuing refund will not by itself result in increased finance charges,
4. Specific Account Pledge: You may be allowed or required to pledge
specific SLFCU shares as security for the repayment of all credit extended
M#110057-B
to you under this Agreement. The dollar amount pledged and the share
collect on this Account, you agree to pay our reasonable attorney's
4. If we or you close your Account, you agree to surrender all issued
If you receive our explanation but still believe your bill is wrong, you
account(s) will be shown on separate security agreement. You will not
Credit Union Liability
fees and court costs. You will pay our reasonable attorney's fees and
Cards and courtesy checks to us. The Cards and courtesy checks remain
must write to us within 10 days telling us that you still refuse to pay. If you
We will not be liable for failure to complete cash advance transactions if:
be able to withdraw funds as long as the pledge is in effect. If you
court costs whether the legal action we take is a collection lawsuit.
our property. Even if your Account is closed, you must still pay your
do so. we cannot report you as delinquent without also reporting that you are
1. Your Account does not have available credit to make the transaction:
default in your payment obligations under this Agreement, we can apply
a proceeding to protect our interests if you become a bankruptcy
outstanding balance in full under the terms of this Agreement.
questioning your bill. We must tell you the name of anyone to whom we re-
the shares specifically pledged to pay off this Account in full or in part.
2. The ATM system was not working properly and you knew about the break-
debtor, an appeal, an action to enforce judgment, or any other type of
ported you as delinquent, and we must let those organizations know when
5. Cross-Collateral: Property you have pledged to secure other
down when you started the transaction:
proceeding. You authorize us to add reasonable collection costs to
O. GENERAL TERMS
the matter has been settled between us.
obligations to SLFCU, other than real property and household goods,
3. Your personal identification number (PIN) or Card has been reported lost or
your Account balance and charge interest on them at the rate
This Agreement reflects your obligations to us with respect to all
If we do not follow all of the rules above, you do not have to pay the first
stolen and we have blocked its use:
may also secure this Account you agree in writing.
applicable to cash advances.
Account transactions you make even though sales cash advance or credit
$50 of the amount you question even if your statement is correct.
4. Circumstances beyond our control, such as communication malfunction, fire,
6. Security interests described in this Section G apply even if credit
slips you sign may contain different terms If any part of this Agreement is
flood, electrical failure, or malfunction of the central data processing facility pre-
is otherwise described as "signature" or "unsecured."
M. OTHER RIGHTS APPLICABLE TO CREDIT CARDS
found to be invalid, the remaining provisions will continue in effect.
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
vent completion of the transaction despite our reasonable precautions; or
1. Unauthorized Use of Lost or Stolen Cards. You agree to notify us
It will not be construed against either party. Federal law, including
If you are dissatisfied with the goods or services that you purchased
H. CHANGES IN TERMS
5. We establish other lawful exceptions and notify you of them.
promptly of the loss, theft or other actual or possible unauthorized use
Consumer Financial Protection Bureau Regulation Z. and any applicable
with your credit card, and you have tried in good faith to correct the problem
We may change your Account terms. including the Annual Percentage
of any Card we issue to you. Call (800) 556-5678. Although you are
state law not pre-empted by federal law, will govern this Agreement's
Security
with the merchant, you may have the right not to pay the remaining amount
Rate, by giving you advance written notice required by law. "change"
generally not be liable for unauthorized use (except that you may be
interpretation.
Do not use an ATM machine unless appears safe to do so. Do not key in your
due on the purchase.
can amend an existing term, add new term, or a delete an old term.
liable for up to $50 for unauthorized PIN-based transactions), all
PIN someone is looking. Take your Card. receipt and money when you are done,
If you do not want the changes to apply to your Account, you can cut all
SLFCU members benefit if unauthorized Card use losses are kept to a
BILLING RIGHTS: KEEP THIS NOTICE FOR FUTURE USE
To use this right, all of the following must be true:
put your money away quickly, and leave the site.
issued Cards in half and send them to us with written request to close
minimum.
STATE AND LOCAL LAW
1. The purchase must have been made in your home state or within 100
the Account. If you do that, you must pay off any outstanding balance
Once you report your Card as lost or stolen, you agree not to
The following summary of your rights under federal law does not cover
miles of your current mailing address, and the purchase price must
NOTICE TO CO-SIGNER
under the old terms and interest rate. If you keep your Card, the new
attempt to use it. A replacement card will usually be issued to you
all rights you may have under State and local law. If, under State or local
have been more than $50. (Note: Neither of these are necessary if your
terms and new interest rate will apply to all transactions on the account
If you find your card after reporting lost or stolen and attempt to use it.
law, you have a longer of period of time in which to send an inquiry to us
purchase was based on an advertisement we mailed to you, or if we
(Traduccion en Ingles Requiere Por La Ley)
that occur 14 or more days after we send you the Change in Terms
a merchant may capture the Card and you will have to pay a card
concerning your statement. reliance on any such longer time period may
own the company that sold you the goods or services.)
notice, and the old Annual Percentage Rate will apply to purchase and
capture fee.
result in your losing important rights that could be preserved by acting more
2. You must have used your credit card for the purchase. Purchases
You are being asked to guarantee this debt. Think carefully
cash advance transactions that took place prior to the date 14 days after
If you report your Card as stolen, you agree to cooperate with our
promptly under federal law. State or local provisions, if any, only become
made with cash advances from an ATM or with a check that accesses
before you do. If the borrower doesn't pay the debt, you will
we sent you the notice.
investigation. Your failure to file police report or otherwise cooperate
operative upon the expiration of the time period provided by Consumer
your credit card account do not qualify.
with our investigation may give us reasonable grounds to deny your
Financial Protection Bureau Regulation Z for submitting a proper written
3. You must not yet have fully paid for the purchase.
have to. Be sure you can afford to pay if you have to, and that
I. HONEST DEALING
claim of unauthorized use. Although we will not close your Account solely
notification of an error.
If all of the criteria above are met and you are still dissatisfied with the
you want to accept this responsibility.
You agree to promptly notify us of any information that affects your
because you exercise your rights to report unauthorized activity or other
This notice contains important information about your rights and
purchase, contact us in writing at:
You may have to pay up to the full amount of the debt if the
credit-worthiness or ability to pay including but not limited to changes in
errors under the Fair Credit Billing Act, our determination that your report
responsibilities under the Fair Credit Billing Act.
Sandia Laboratory Federal Credit Union, ATTN: Card Services
borrower does not pay. You may also have to pay late fees or
your name, address or employment. You agree not to use your Account
of unauthorized Card activity was not made in good faith may be
What To Do If You Find A Mistake on Your Statement
P.O. Box 23040, Albuquerque, NM 87192-9910
for new transactions if you have reason to believe you will be unable to
grounds for closing your Account to future use. If we decide that you
collection costs, which increase this amount.
If you think there is an error on your statement, you must write to us
While we investigate, the same rules apply to the disputed amount as
pay what you owe.
have an excessive number of lost or stolen cards, we may not issue a
at: Sandia Laboratory Federal Credit Union, ATTN: Card Services
discussed above. After we finish our investigation, we will tell you our
The creditor can collect this debt from you without first try-
replacement card or open a new account for you.
J. ADDITIONAL TERMS APPLICABLE TO CO-SIGNERS
2. Merchant Disputes. We are not responsible for the refusal of any
P.O. Box 23040, Albuquerque, NM 87192-9910
decision. At that point, if we think you owe an amount and you do not pay, we
ing to collect from the borrower. The creditor can use the same
AND CO-APPLICANTS
may report you as delinquent.
merchant or other financial institution to honor you Card. We are
In your letter give us the following information:
collection methods against you that can be used against the
As a Co-Signer or Co-Applicant, you understand and agree that you
subject to good faith claims and defenses recognized by law (other
Account information: Your name and account number.
NOTICE TO CALIFORNIA RESIDENTS
borrower, such as suing you, garnishing your wages, etc. If
are obligated to repay any credit extended under this Agreement up to
than tort claims) arising out of goods or services you purchase with
Dollar amount: The dollar amount of the suspected error.
the credit limit, whether or not you get the money borrowed or the
the Card, but only if you have made good faith attempt but have been
Under California law, our right to recover credit extended to you for credit
this debt is ever in default, that fact may become part of your
Description of the problem: If you think there is an error on your
property purchased or otherwise benefit from the extension of credit.
card purchases is subject to any defenses that you have against the seller if:
unable to obtain satisfaction from the plan merchant and (a) your
statement, describe what you believe is wrong and why you believe
credit record.
You understand that if you had not agreed to be obligated to repay the
1. The purchase price of the item in question exceeded $50;
purchase was made in response to an advertisement we sent or
it mistake.
credit extended, we would not have approved the credit application.
2. The purchase was made in California;
This notice is not the contract that makes you liable
participated in sending you; (b) your purchase was made from a
You must contact us:
We can proceed against you if payments are delinquent even before
3. You made a written demand on the retailer and made a good faith
for the debt.
merchant we own or operate; or (c) your purchase cost more than $50
Within 60 days after the error appeared on your statement.
seeking to recover from any other applicant or co-signer. We will give
attempt to get satisfaction of your complaint; and
and was made from merchant in your state or within 100 miles of your
At least 3 business days before an automatic payment is scheduled,
you notice required by law of any action we take that could adversely
home. We are relieved from any liability if you have already paid us for
4. You notify us in writing of the name of the seller. the date of purchase, the
AISO PARA EL FIADOR
if you want to stop payment on the amount you think is wrong.
affect you. We will tell you of any delinquency for which we intend to
price paid, the goods or services purchased, and the acts that you took to
the disputed transaction. Any other disputes you must resolve directly
You must notify us of any potential errors in writing. You may call us
obtain satisfaction from the seller.
(Spanish Translation Required by Law)
hold you accountable. No extension or partial settlement with any other
with the merchant.
at (800) 947-5328 or (505) 293-0500, but if you do not notify us in writing,
obligor on the Account will waive our rights against you as co-signer
The amount to which the defense applies is limited to the amount
3. Credits: A merchant who honors your Card and gives you credit
we are not required to investigate any potential errors and you may have
Se le está pidiendo que garantice esta deuda. Piénselo con
or co-applicant. You can stop being obligated for future transactions by
for returns or adjustments will do so by sending us credit slip which
outstanding on the purchase as well as late charges and finance charges at
to pay the amount in question.
the time we receive the written demand.
cuidado antes de ponerse de acuerdo. Si la persona que ha
writing to us to that effect, but will remain obligated to pay any amounts
we will post to your Account. Subject to Section D.15 of this Agree-
borrowed prior to our receipt of your notice.
ment, if your credits and/or payments exceed what you owe, we will
What Will Happen After We Receive Your Letter
This remedy is the only one you have against us. Your rights are limited to
pedido este préstamo no paga la deuda, usted tendrá que
those circumstances outlined in California Civil Code $1747.90 Purchases
hold and apply this credit balance against future transactions, or
When we receive your letter, we must do two things:
with cash or check are not included in this section even though you used your
pagarla. Esté seguro de que usted podrá pagar si sea obligado
K. DEFAULT-LIEN-ACCELERATION
refund it on your written request if is $1.00 or more.
1. Within 30 days of receiving your letter, we must tell you that we
1. If you fail to make your agreed payment within 10 days after the
credit card to validate your credit.
a pagarla y de que usted desea aceptar la responsabilidad.
received your letter. We will also tell you if we have already
due date, you authorize us to apply any SLFCU shares in which you
N. TERMINATION
We cannot penalize you by either giving out unfavorable credit information
corrected the error.
Si la persona que ha pedido el préstamo no paga la deuda,
have an interest (unless prohibited by law or the share agreement) to
1. We may terminate this Agreement and close your Account at any
about you or canceling or refusing to renew your credit card solely because
2. Within 90 days of receiving your letter, we must either correct the
es posible que usted tenga que pagar la suma total de la
pay off, in full or in part, the outstanding balance on your Account
time by sending you a written notice of the termination and the lawful
you obtained relief under the remedies you have for correcting billing errors.
error or explain to you why we believe the bill is correct.
Unless your Account is secured by pledge of specific shares this
business reasons for so doing.
deuda, mas los cargos por tardarse en el pago o el costo de
consent (a) will not restrict your right to withdraw funds prior to our
2. We can close your Account without prior notice if you fail to pay on
While we investigate whether or not there has been an error:
ATM DISCLOSURE
cobranza, lo cual aumenta el total de esta suma.
exercise of our rights under this consent and (b) does not constitute a
time, or we have evidence or reasonable belief that you are unable or
We cannot try to collect the amount in question, or report you as
This part of this disclosure includes special provisions applicable to the use
pledge of any share account. Our exercise of our rights under this
delinquent on that amount.
of the Card to obtain cash advances at Automated Teller Machines (ATMs)
acreedor (financiero) puede cobrarle a usted sin,
unwilling to repay your Account balance. A significant increase in your
consent is not an election of remedies.
obligations, your filing for bankruptcy relief, your unemployment, your
The charge in question may remain on your statement, and we may
This disclosure addresses only credit card cash advances at ATMs. Refer to
primeramente, tratar do cobrarle al deudor. Los mismos meto-
2. If you default on your Account payments, otherwise breach this
failure to meet other obligations you have to us. or your death, are
continue to charge you interest on that amount.
your separate Electronic Funds Transfer disclosure for a complete disclosure
While you do not have to pay the amount in question, you are
dos de cobranza que pueden usarse contra el deudor, podran
Agreement, become a bankruptcy debtor, die, or breach any other
examples of circumstances that could lead us to close your Account
of terms applicable to ATM Cards and Debit Cards.
responsible for the remainder of your balance
usarse contra usted, tales como presentar una demanda en
agreement you have with us. we may without notice declare the entire
without notice. We will give you advance notice required by law for other
unpaid balance of your Account immediately due and payable in full.
terminations. If we close your Account with or without notice due to your
We can apply any unpaid amount against your credit limit.
Available Services
After we finish our investigation, one of two things will happen:
The ATM you use may restrict the number of credit card transactions and
corte, quitar parte de su sueldo, etc. Si alguna ves no se
Interest will continue to accrue on your Account at the rate called for in
breach of this Agreement or any other agreement you have with us. your
the amount of each transaction. Each ATM owner determines hours of
cumpla con la obligación de pagar esta deuda, se puede
this Agreement even after your default and acceleration of the obligation
death or your bankruptcy, we can demand that you pay off the entire bal-
If we made a mistake: You will not have to pay the amount in
service, but ATMs are generally available 24 hours a day, 7 days a week,
ance at once
question or any interest or other fees related to that amount.
incluir esa información en la historia de credito de usted.
L. COLLECTION COSTS
3. You can close your Account by sending us a written request and
If we do not believe there was a mistake: You will have to pay the
subject to periodic closures for maintenance.
Este aviso no es el contrato mismo en que se le hecha
You agree to pay all reasonable collection costs we incur before we
cutting all issued Cards and courtesy checks in half and returning them
amount in question, along with applicable interest and fees. We will
Documentation of Transactions
us.
send you statement of the amount you owe and the date payment
a usted la responsabilidad de la deuda.
take legal action against you. If we take legal action against you to
The ATM may generate receipt for cash advance transaction, and ATM
is due. We may then report you as delinquent if you do not pay the
cash advance transactions will appear on your monthly statement.
amount we think you owe.
2013 Greene & Allison LLP.All rights reserved