JOHN DEERE
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MULTI-USE ACCOUNT
CONSUMER USE CREDIT AGREEMENT.
THIS IS YOUR AGREEMENT.
PLEASE READ IT AND KEEP IT FOR YOUR
RECORDS.
Account Opening, Application and Solicitation Disclosures
Interest Rates and Interest Charges
Annual Percentage Rate
15.15%
for Preferred Purchases
(APR) for Purchases
17.15%
for Merchant Authorized Purchases
These APRs will vary with the market based on the Prime Rate.
Penalty APR and When it
None
Applies
How to Avoid Paying
Your due date is at least 25 days after the close of each billing cycle.
Interest on Purchases
We will not charge you interest on purchases if you pay your entire
balance due by the due date each month.
Minimum Interest Charge
None
For Credit Card Tips from
To learn more about factors to consider when applying for or using a
the Consumer Financial
credit card, visit the website of the Consumer Financial Protection
Protection Bureau
Bureau at http://www.consumerfinance.gov/learnmore
Fees
Penalty Fees
Late Payment Fee
Up to $35.00
Returned Payment Fee
Up to $35.00
How We Will Calculate Your Balance: We use a method called "average daily balance (including new
purchases)." See your account agreement for more details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided
in your account agreement.
APPLICANT(S) ACKNOWLEDGE THAT (1) SELLER HAS NOT REPRESENTED THAT THE TERMS OF
THIS FINANCING ARE MORE OR LESS FAVORABLE THAN OTHER FINANCING; (2) SELLER IS NOT
APPLICANT'S AGENT IN OBTAINING THE FINANCING; (3) APPLICANT MAY OBTAIN FINANCING FROM
OTHER SOURCES; (4) SELLER MAY BE COMPENSATED FOR SERVICES INVOLVED IN ARRANGING
THIS FINANCING.
TERMINOLOGY. In this Agreement the words you, your, and yours mean each person who applies for and is
granted a Multi-Use Account, including any co-applicant identified on the application, as well as any person
permitted to use the Account. JDF means John Deere Financial, f.s.b., or any subsequent holder of the
Account or any balances arising under the Account. When the terms "finance charge" and "interest charge"
are used in this agreement and on other documents related to your account, they have the same meaning.
MULTI-USE ACCOUNT. You request a Multi-Use Account from JDF, and further authorize JDF to issue a
Multi-Use Account card to each merchant from whom you may make a purchase. By applying for a Preferred
Account, or by using a Merchant Authorized Account to make a purchase from a merchant who requests
JDF to open one for you, you agree that this Credit Agreement will apply to all purchases made through your
Multi-Use Account by you or any person you authorize. This arises out of a consumer credit sale. You
authorize JDF to honor any purchases you make by mail or telephone, internet, facsimile transmission (fax)
or other electronic means on your Account. You agree that a signature is not necessary as identification in
such cases. You agree that any authorized use of your Account constitutes your acceptance of all the terms
and conditions of this Agreement, as it may be amended from time to time. If you submit your application to
JDF by internet, facsimile transmission (fax) or other electronic means, you agree that the application will
have the same effect as a signed original. You agree that you will promptly notify JDF in writing of any
suspected loss, theft, or unauthorized use of the Account. You may be liable for the unauthorized use of your
Multi-Use Account before you notify JDF in writing at John Deere Financial, P.O. Box 5328, Madison,
Wisconsin 53705-0328 of the unauthorized use. In any case, your liability will not exceed $50. You consent
and agree that your telephone conversations with JDF may be recorded to further improve JDF's customer
service. You agree that JDF and any affiliate and any retained debt collector may place phone calls to you
using any telephone number, including a mobile phone number, you have provided to JDF, any affiliate or
any retained debt collector, including calls using an automatic dialing and announcing device and
prerecorded calls, and that such calls are not "unsolicited" under state or federal law. You agree to give JDF
prompt notice of any change in your name, mailing address, telephone number or place of employment. You
agree that until JDF receives notice of your new address, JDF may continue to send statements and other
notices to the address you gave JDF on the application for this Account. You agree that, for the purposes of
this Agreement, you will be deemed to "reside" in the state of your billing address as shown on JDF's
records. If more than one person or entity signed the application, each is jointly and severally responsible for
all obligations, and amounts due, under this Agreement. This Agreement is not binding on JDF until JDF has
approved your credit and given you notice of approval. If Maryland law applies, Subtitle 9 of Title 12 of the
Maryland Commercial Law will apply.
ACCOUNT TYPE. If your Multi-Use Account arose through JDF's purchase of your existing account balance
with a merchant, or at the request of one or more merchants, your Account may be classified as a Merchant
Authorized Account. Certain special features or promotions that JDF may offer from time to time may be
made available only to Preferred Accounts. Merchant Authorized Accounts are useable only at a merchant
who asked JDF to finance your purchases from them. JDF may, in its sole discretion, classify your account
as a Preferred Account. When JDF opens your Account, and on each monthly statement, JDF will indicate
whether your Account is either a Preferred or Merchant Authorized Account.
CREDIT LIMITS. JDF will establish and advise you of your credit limit.
You agree that JDF may increase or decrease your credit limit at any time, in JDF's sole discretion,
without prior notice to you.
ACCOUNT USE. By applying for or accepting a Consumer Multi-Use Account, you agree to use your
Account primarily to make purchases for personal, family or household use, rather than for agricultural,
commercial or governmental use. You agree to pay JDF all amounts charged by the use of the Account, plus
Interest Charges, and the other charges described below, as provided in this Agreement.
You agree that JDF is not responsible for the refusal of anyone to allow a purchase to be made
through your Multi-Use Account.
MONTHLY STATEMENT. JDF will send you a monthly statement whenever there is activity on your Account,
unless the only activity is a payment in full. JDF will bill you on the monthly statement for all amounts you
owe. Your monthly statement will show your New Balance, any Late Fees, any Interest Charge, the Minimum
Required Payment and the Payment Due Date. In addition, it will show your Credit Limit, an itemized list of
current Purchases, Payments, and Credits, as well as other information concerning your Account. JDF will
send your monthly statements on dates and in intervals determined by JDF. Such statement shall be
deemed correct and accepted by you unless JDF is notified to the contrary in writing within 60 days of the
date of that statement. If you think your monthly statement is incorrect, write to JDF on a separate sheet at
the address shown on the back of your billing statement. Describe the error as best you can and include your
Account number in all correspondence.
PAYMENT. The Payment Due Date is the date the payment must be received at the address shown on the
front of your monthly statement. You may at any time pay your entire New Balance or pay more than the
Minimum Required Payment, and you may avoid or reduce Interest Charges by doing so. However, payment
of more than the Minimum Required Payment, while reducing your balance will not prepay your Account or
be applied against future Minimum Required Payments. All payments must be in U.S. dollars and drawn on
funds on deposit in the United States. If your Payment Due Date falls on a date which we do not receive or
accept payments by mail (including weekends and holidays) we will not treat the payment received the next
business day as late for any purpose. For information about your rights regarding billing errors, refunds or
adjustments, please refer to the section - What To Do If There's An Error In Your Bill. Payments must be sent
to John Deere Financial, at the address designated on your monthly payment stub or to any other payment
address JDF later designates on your monthly statement payment stub. We will not accept any payments at
our offices.
INTEREST CHARGE RATES. Interest Charges on your Multi-Use Account may be calculated using variable
rates that will be determined by reference to a "Base Rate" to which is added a "Spread" to arrive at the
current rate.
The Base Rate from which your variable rates will be determined is the annual percentage rate of interest
announced publicly from time to time by Citibank, N.A. in New York, New York as the base rate it uses for
interest rate determinations ("Prime Rate"), which was in effect at the close of business on the fifteenth
(15th) calendar day of each month, or the next succeeding business day if the fifteenth is not a business
day ("Reference Day"). The Spreads added to the Base Rate to determine the ANNUAL PERCENTAGE
RATES (APRs) that will apply to your Account will be:
Preferred
Merchant Authorized
Spread
11.9%
13.9%
Rate increases and decreases, that result from changes in the Base Rate will take effect on the first day of
the month, or the next succeeding business day if the first day is not a business day, after the Reference Day
on which the Base Rate changes.
Changes in your variable rates will apply to your existing Account balance as well as to future purchases
under your Account. An increase in your rate will increase the total Interest Charge accruing on your Account
and the balance on which your Minimum Required Payment is calculated. For example, if the Base Rate
(and thus the applicable variable rate) were to increase by 5%, and the average daily balance to which the
new rate applied was $1,000, your INTEREST CHARGE for that month would increase by $4.17 as a result
of the increase in the variable rate.
Currently effective rates are shown below:
Daily Periodic Rate(s)
Annual Percentage Rate(s)
Merchant
Merchant
Preferred
Preferred
Authorized
Authorized
Purchases
Purchases
Purchases
Purchases
Rate:
.041507%
.046986%
15.15%
17.15%
The above rates are correct as of 08/17/2021, but are subject to change after that date. To find out what may
have changed, write to John Deere Financial, P.O. Box 5328, Madison, Wisconsin 53705-0328; or call
Customer Service at 1-800-356-9033.
INTEREST CHARGE CALCULATION. Interest Charges will accrue on your Account Balance as follows:
On purchases JDF will add an Interest Charge, calculated as shown below, if your New Balance is not
paid in full on or before the Payment Due Date. To avoid additional Interest Charges on your purchases,
you must pay the New Balance in full on or before the Payment Due Date.
The amount of your Interest Charges will be determined as follows:
JDF uses the daily periodic rates and corresponding APRs shown in this Agreement. The applicable
periodic rate is applied to the "Average Daily Balance" of your purchases, including current transactions
during the current billing cycle.
To get the "Average Daily Balance", JDF takes the beginning balance of your purchases, starting with any
Previous Balance outstanding on the first day of the monthly billing cycle, adds any new purchases and
debits (other than late payment fees) and subtracts any payments or credits. This determines the daily
balance. Unless JDF elects to use a later date, purchases are added to the daily balance as of the date of
purchase.
JDF totals the daily balances for the billing cycle and divides the total by the number of days in the billing
cycle. This gives JDF the "Average Daily Balance" which is shown on your monthly statement. Interest
Charges may accrue on Special Promotions Transactions at a different rate, as explained in the Special
Promotions section of this Agreement.
DEFAULT INTEREST CHARGE RATE. If you are in default, you may no longer qualify for any reduced
interest rate Special Promotions and, you agree that, at JDF's option, the APR applicable to any outstanding
reduced interest rate Special Promotion(s), may be increased to the APR described in this Agreement.
MINIMUM REQUIRED PAYMENT. You agree to pay each month a Minimum Required Payment equal to:
1. Any late payment fee due; plus
2. Any additional fees due; plus
3. Any amount past due; plus
4. For Purchases:
a. Either the greater of: $25, or 10% of your New Balance (less any
Conversion Balance {balances transferred to John Deere Financial from a
merchant's accounts receivable} and less any Special Promotions
Transaction(s) balances on which no payment is due) if it exceeds $25;
b.
Or your entire New Balance (less any Conversion Balance and Special Promotions
Transaction(s) balances on which no payment is due), if it is less than $25.
5. The amount of any Special Promotions Transaction that is due;
6. For Conversion Balances:
a. Either the greater of $25, or 10% of your Conversion Balance,
if that balance exceeds $25;
b. Or your entire Conversion Balance, if it is less than $25.
SPECIAL PROMOTIONS. From time to time special financing terms, such as extended free periods,
incentive interest rates on certain purchases or for limited time periods, or other promotions may be
available, at the discretion of JDF, for the purchase of certain items from participating merchants. These
special terms will be disclosed by the merchant at the time of purchase. Purchases you make during these
special promotions will be separately identified on your monthly statement and will become part of the
balance on which your Interest Charge and Minimum Required Payment are calculated at the time provided
in the special promotions terms disclosure.
NO INTEREST WITH PAYMENT TRANSACTIONS. Unless otherwise disclosed, minimum monthly
payments will be made and Interest Charges will not accrue during any disclosed No Interest with Payment
period described. Interest Charges will accrue at the APR applicable to your Account after the due date of
your No Interest with Payment transaction, unless otherwise disclosed. If the No Interest with Payment
transaction is not paid in full during the introductory No Interest with Payment period, interest
charges will accrue at the current effective rate, which will vary. To find out the current effective rate
on your Account, write to JDF at John Deere Financial, P.O. Box 5328, Madison, Wisconsin 53705-
0328; or call Customer Service at 1-800-356-9033.
NO INTEREST IF PAID IN FULL TRANSACTIONS. Unless otherwise disclosed, minimum monthly payments
will be made and Interest Charges will accrue during any No Interest if Paid in Full period. No Interest
Charge will be due until the end of the No Interest if Paid in Full period and any accrued Interest Charge will
be waived if the entire No Interest if Paid in Full balance is paid in full by the end of this No Interest if Paid in
Full period. If the No Interest if Paid in Full transaction balance is not paid in full during the
introductory No Interest if Paid in Full period, interest charges will accrue from the transaction date
at
the current effective rate, which will vary. To find out the current effective rate on your Account,
write to JDF at John Deere Financial, P.O. Box 5328, Madison, Wisconsin 53705-0328; or call
Customer Service at 1-800-356-9033.
OTHER FEES and CHARGES.
LATE PAYMENT FEES: JDF may apply to your Account a late payment fee of $25 the first time JDF does
not receive your payment of at least the current portion of your Minimum Required Payment (Minimum
Required Payment plus unpaid late payment fees and past due amounts), by the payment due date shown
on your statement, and a $35 fee for any additional late payments during the next six statement billing
cycles.
RETURNED PAYMENT FEE. If you send JDF a check or electronic payment authorization that is dishonored
upon first presentment, JDF may add to your Account a fee of $25 on the first dishonored payment, and a
$35 fee for any additional dishonored payments during the next six statement billing cycles.
COLLECTION COSTS. Upon default, you will pay for expenses incurred in connection with the enforcement
of our remedies, including, without limitation, repossession, repair and collections costs, attorney's fees,
court costs and related fees including any bankruptcy fees and costs, to the extent permitted by applicable
law. If New Hampshire law applies, those fees may be awarded to you if you prevail in any such action, suit
or proceeding.
ACCEPTING PAYMENT. JDF can accept late or partial payments, as well as payments marked "paid in full"
or with other restrictive endorsements, without losing any of JDF's rights under this Agreement
CREDIT REPORTS. JDF may report your performance under this Agreement to credit reporting agencies
and others who request a credit reference from JDF. JDF may ask credit reporting agencies or others you list
as a credit reference for consumer reports or information regarding your credit history at any time for all
legitimate purposes, including credit decisions and the review and collection of your account. If you request,
you will be provided with the name and address of any credit reporting agency that provided a report in
connection with this application. As required by law, you are hereby notified that a negative credit report
reflecting on your credit record may be submitted to a credit reporting agency if you fail to fulfill the terms of
your credit obligations. You also authorize JDF to disclose financial information about you as described in
this Agreement and future notices JDF may send you.
CLOSING YOUR ACCOUNT. You may close your Account at any time by notifying JDF in writing. You agree
that JDF may close or suspend your Account to future purchases at any time without prior notice. You agree
that JDF may close or suspend your Account to future purchases if your Account has no activity for 12 or
more months. You agree that, regardless of the closing or suspension of your Account, you remain
responsible for paying the amount you owe JDF according to the terms of this Agreement.
SECURITY INTEREST. Unless you reside in NC and the APR on a purchase or transaction exceeds 15%,
you grant JDF a purchase money security interest in all merchandise purchased through your
Account, and its proceeds, including insurance proceeds. JDF's security interest continues until such
merchandise is paid for in full by application of your payments in the manner described in this Agreement.
PAYMENT APPLICATION. You agree that your Minimum Required Payment will be applied as JDF
determines in its sole discretion. You agree that JDF has this discretion and that JDF may exercise it to suit
its own convenience and interests, without further notice to you. You also agree that JDF may change how it
applies payments at any time without notice to you. You acknowledge that the exercise of this discretion by
JDF may result in cases in which the application of your payments to the Account creates higher Interest
Charges than other payment application methods and that this may include payments allocated to balances
with lower APRs before balances with higher APRs and/or to balances with longer promotional periods
before balances with shorter or no promotional periods. JDF will allocate the entire amount paid by you in
excess of the Minimum Required Payment amount to the balances on which interest is deferred during the
last 2 billing cycles immediately preceding the expiration of the period during which interest is deferred. JDF
shall apply any remaining amount paid by you first to the transaction balance bearing the next highest rate of
interest, and then to each successive transaction balance bearing the next highest rate of interest, until all
the amount you paid is applied to the Account.
You agree that your payments will be credited as of the date of receipt at the address on the payment stub of
your Monthly Statement if received by 5:00 p.m. Central Time Monday through Friday (otherwise next
business day). If payment is not accompanied by the payment stub or account number, is not received at
that location, or is not made in U.S. Dollars, by check or money order, credit may be delayed up to two
business days.
MERCHANT CHARGEBACKS. JDF may charge back to a merchant who sold goods or services to you on
your Account, any part of your Account balance related to those purchases. In that event, this Agreement will
be deemed assigned to the merchant to the extent of the chargeback. You agree to such an assignment and
further agree to pay the merchant the amount of such chargeback in accordance with the terms of this
Agreement.
DEFAULT. You agree that you will be in default if: (a) you fail to pay the Minimum Required Payment within
20 days after the Payment Due Date on two occasions within any 12-month period; (b) the value of JDF's
security interest in any collateral is materially impaired; (c) your ability to repay is materially reduced by your
exceeding your credit limit, by a change in your employment, by a change in your other obligations, by
bankruptcy or insolvency proceedings involving you, or (for community property state residents only) by a
change in your marital status or domicile; (d) you die or become incompetent; (e) you provided JDF false or
misleading information relating to your credit application or Account; (f) you fail to perform any other of your
obligations under the terms of this Agreement as it may be amended; or (g) you are in default under any
agreement you have with JDF or any of its affiliates.
You agree that, upon your default, JDF may close your Account to future purchases and that JDF may
demand immediate payment of your entire Account balance, after giving you any notice and opportunity to
cure the default required by applicable law. In addition, you agree that JDF shall have all the rights of a
secured creditor under the Uniform Commercial Code and other applicable law.
DELAY IN ENFORCEMENT. You agree that JDF can delay enforcing its rights under this Agreement without
losing them.
ELECTRONIC DISCLOSURES. You agree that any notices and disclosures related to your account can be
delivered to you in printed form or by electronic means if you provided an electronic mail address to JDF
when you applied for this Account or at a later date. Until JDF receives notice of a new electronic mail
address, JDF may continue to send such notices and disclosures to the electronic mail address you most
recently provided to JDF.
GOVERNING LAW. This Agreement must be approved, and all charges and payments to your Account
processed by JDF at its office in Madison, Wisconsin. Therefore this Agreement and your Account will be
governed by the substantive law of the United States and to the extent state law applies to this Agreement,
the substantive law of the State of Wisconsin, regardless of whether or not you reside in Wisconsin. The law
of your state of residence will apply to JDF's recovery of any collateral located there. This is the entire
Agreement between you and JDF relating to your Multi-Use Account and no oral changes can be made.
Invalidity of any provision of this Agreement shall not affect the validity and enforceability of the remainder of
its terms.
CHANGING THIS AGREEMENT. IMPORTANT: READ BEFORE SIGNING. THE TERMS OF THIS
AGREEMENT SHOULD BE READ CAREFULLY BECAUSE ONLY THOSE TERMS IN WRITING ARE
ENFORCEABLE. NO OTHER TERMS OR ORAL PROMISES NOT CONTAINED IN THIS WRITTEN
CONTRACT MAY BE LEGALLY ENFORCED. YOU MAY CHANGE THE TERMS OF THIS AGREEMENT
ONLY BY ANOTHER WRITTEN AGREEMENT. You agree that JDF may change this Agreement, including
the Interest Charge Calculation and the APR, at any time, by providing prior notice to you. To the extent that
the law permits and JDF indicates in the notice, the changes will apply to your existing Account balance as
well as to future transactions.
NOTICE TO ACTIVE DUTY SERVICEMEMBERS AND THEIR DEPENDENTS. Federal law provides
important protections to members of the Armed Forces and their dependents relating to extensions of
consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her
dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to
the credit transaction or account: the costs associated with credit insurance premiums; fees for ancillary
products sold in connection with the credit transaction; any application fee charged (other than certain
application fees for specified credit transactions or accounts); and any participation fee charged (other than
certain participation fees for a credit card account).
TOLL-FREE NUMBER FOR ACTIVE DUTY SERVICE MEMBERS AND THEIR DEPENDENTS. If you
would like to receive a statement of the Military Annual Percentage Rate applicable to this extension of
consumer credit, and/or a clear description of the payment obligation of the covered borrower, please contact
us at 800-519-2242.
ARBITRATION OF DISPUTES. In the event of any past, present or future claim or dispute between you and
JDF arising from or relating to your Account, any prior account you have had with JDF, your application, the
relationships which result from your Account or the enforceability or scope of this arbitration provision, of the
Agreement or of any prior agreement, you or JDF may elect to resolve the claim or dispute by binding
arbitration.
FEDERAL LAW PROVIDES THAT JDF CANNOT REQUIRE CERTAIN ACTIVE DUTY MILITARY
SERVICEMEMBERS OR THEIR DEPENDENTS ("COVERED BORROWERS") TO RESOLVE THESE
CLAIMS OR DISPUTES BY BINDING ARBITRATION. IF YOU QUALIFY UNDER FEDERAL LAW AS A
COVERED BORROWER, THEN THIS SECTION DOES NOT APPLY TO YOU AND NEITHER JDF NOR
YOU MAY ELECT TO RESOLVE SUCH CLAIMS OR DISPUTES BY BINDING ARBITRATION. IF YOU DO
NOT QUALIFY UNDER FEDERAL LAW AS A COVERED BORROWER, THEN THIS SECTION DOES
APPLY TO YOU.
This includes any such claim or dispute, whether based upon contract, property, tort, statute, common law or
equity, other than a claim relating to JDF's right to repossess the merchandise purchased through your
account by self-help, if permitted, or by judicial process. The parties agree and understand that the
arbitration shall have all powers provided by law and the Contract. These powers shall include all legal and
equitable remedies including, but not limited to money damages, declaratory relief, and injunctive relief.
The parties agree and understand that they choose arbitration instead of litigation to resolve disputes. The
parties understand that they have the right or opportunity to litigate disputes in court, but that they prefer to
resolve their disputes through arbitration, except as provided herein.
IF EITHER YOU OR JDF ELECTS ARBITRATION, NEITHER YOU NOR JDF SHALL HAVE THE RIGHT TO
LITIGATE THAT CLAIM IN COURT OR TO HAVE A JURY TRIAL ON THAT CLAIM. PRE-HEARING
DISCOVERY RIGHTS AND POST-HEARING APPEAL RIGHTS WILL BE LIMITED. THE PARTIES
VOLUNTARILY AND KNOWINGLY WAIVE ANY RIGHT THEY HAVE TO A JURY TRIAL, EITHER
PURSUANT TO ARBITRATION UNDER THIS CLAUSE OR PURSUANT TO A COURT ACTION. NEITHER
YOU NOR JDF SHALL BE ENTITLED TO JOIN OR CONSOLIDATE CLAIMS IN ARBITRATION BY OR
AGAINST OTHER CUSTOMER WITH RESPECT TO OTHER ACCOUNTS, OR ARBITRATE ANY CLAIMS
AS A REPRESENTATIVE OR MEMBER OF A CLASS OR IN A PRIVATE ATTORNEY GENERAL
CAPACITY.
Even if all parties have opted to litigate a claim in court, you or JDF may elect arbitration with respect to any
claim made by a new party or any new claims later asserted in that lawsuit, and nothing undertaken therein
shall constitute a waiver of any rights under this arbitration provision. Arbitration may be elected at any time,
regardless of whether a lawsuit has been filed, unless the lawsuit involving that claim or dispute has resulted
in a final judgment. JDF will not invoke JDF's right to arbitrate an individual claim you bring in small claims
court or your state's equivalent court, if any, so long as the claim is pending only in that court and does not
exceed $5,000.
Your Account involves interstate commerce, and this provision shall be governed by the Federal Arbitration
Act (FAA). The arbitration shall be conducted by JAMS or American Arbitration Association (AAA), at the
option of the party electing arbitration, in accordance with their procedures in effect when the claim is filed.
As of "date of print", for a copy of their procedures, to file a claim or for other information, contact AAA's
customer service at 1-800-778-7879 or visit their website at www.adr.org or contact JAMS at 1-800-352-5267
or by visiting their website at www.jamsadr.com. All claims may be filed at any JAMS or AAA office. At your
written request, JDF will advance any arbitration filing, administrative and hearing fees which you would be
required to pay to pursue a claim or dispute as a result of JDF's electing to arbitrate that claim or dispute.
The arbitrator will decide who will ultimately be responsible for paying those fees. In no event will you be
required to reimburse JDF for any arbitration filing, administrative, or hearing fees in an amount greater than
what your and JDF's combined court cost would have been if the claim had been resolved in a state court
with jurisdiction.
Any arbitration hearing will take place in the federal judicial district where you reside. The arbitrator shall
follow applicable substantive law to the extent consistent with the FAA and applicable statutes of limitations
and shall honor claims of privilege recognized at law. If requested by any party, the arbitrator shall write an
opinion containing the reasons for the award. The arbitrator's decision will be final and binding except for any
appeal rights under the FAA and except that if the amount in controversy exceeds $100,000, any party may
appeal the award within 30 days to a three-arbitrator panel which shall review the award de novo. The costs
of such an appeal shall be borne by the appealing party regardless of outcome. Judgment upon any award
by the arbitrator may be enforced in any court having jurisdiction.
JDF's rights and obligations under this arbitration provision shall inure to the benefit of and be binding upon
JDF's parent corporations, subsidiaries, affiliates, predecessors, successors, assigns, as well as the officers,
directors and employees of each of these entities, and will also inure to the benefit of any third party named
as a co-defendant with JDF or with any of the foregoing in a claim which is subject to this arbitration
provision. Your rights and obligations under this arbitration provision shall inure to the benefit of and be
binding upon all persons contractually liable under this Agreement and all Authorized Users of the Account.
This arbitration shall survive termination of your Account as well as voluntary payment in full by you, and
legal proceedings by JDF to collect a debt owed by you, any bankruptcy by you and any sale by JDF of your
Account.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the
government fight the funding of terrorism and money laundering activities, Federal law requires all financial
institutions to obtain, verify, and record information that identifies each person who opens an account. What
this means for you: When you open an account, you will be asked for your name, address, date of birth, and
other information that will allow JDF to identify you. You may also be asked to show your driver's license or
other identifying documents.
WHAT TO DO IF THERE IS AN ERROR IN YOUR BILL. YOUR BILLING RIGHTS. KEEP THIS NOTICE
FOR FUTURE USE.
This notice contains important information about your rights and JDF's responsibilities under the Fair Credit
Billing Act.
NOTIFY JDF IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR BILL.
If you think your bill is wrong, or if you need more information about a transaction on your bill, write to JDF
(on a separate sheet) at the address shown on the reverse side of your billing statement. Write to JDF as
soon as possible. JDF must hear from you not later than 60 days after JDF sent you the first bill on which the
error or problem appeared. You can telephone JDF, but doing so will not preserve your rights. In your letter,
give JDF the following information:
- Your name and account number
- The dollar amount of the suspected error
- Describe the error and explain, if you can, why you believe there is an error
- If you need more information, describe the item you are unsure about.
If you have authorized JDF to pay your credit card bill automatically from your savings or checking account,
you can stop the payment on any amount you think is wrong. To stop the payment your letter must reach
JDF three business days before the automatic payment is scheduled to occur.
YOUR RIGHTS AND JDF's RESPONSIBILITIES AFTER JDF RECEIVES YOUR WRITTEN NOTICE. JDF
must acknowledge your letter within 30 days, unless JDF has corrected the error by then. Within 90 days,
JDF must either correct the error or explain why JDF believes the bill was correct.
After JDF receives your letter, JDF cannot try to collect any amount you question, or report that amount
delinquent. JDF can continue to bill you for the amount you question, including interest charges, and JDF
can apply an unpaid amount against your credit limit. You do not have to pay any questioned amount while
JDF is investigating, but you are still obligated to pay the parts of your bill that are not in question.
If JDF finds that JDF made a mistake on your bill, you will not have to pay any interest charges related to any
questioned amount. If JDF didn't make a mistake, you may have to pay interest charges, and you will have
to make up any missed payments on the questioned amount. In either case, JDF will send you a statement
of the amount you owe and the date that it is due.
If you fail to pay the amount that JDF thinks you owe, JDF may report you as delinquent. However, if JDF's
explanation does not satisfy you, and you write to JDF within 25 days telling JDF that you still refuse to pay,
JDF must tell anyone JDF reports you to that you have a question about your bill. And, JDF must tell you the
name of anyone it reports you to. JDF must tell anyone it reports you to that the matter has been settled
between you and JDF when it is finally settled.
If JDF doesn't follow these rules, it can't collect the first $50 of the questioned amount, even if your bill was
correct.
SPECIAL RULES FOR CHARGE ACCOUNT PURCHASES
If you have a problem with the quality of property or services that you purchased with your Multi-
Use Account, and you have tried in good faith to correct the problem with the merchant, you may have the
right not to pay the remaining amount due on the property or services. There are two limitations on this right:
- You must have made the purchase in your home state or, if not within your home state, within 100 miles
of your current mailing address; and
- The purchase price must have been more than $50.
These limitations do not apply if JDF owns or operates the merchant, or if JDF mailed you the
advertisement for the property or services.
YOUR CHOICE TO LIMIT MARKETING
- John Deere Financial, f.s.b. ("JDF") and its credit affiliates are providing this notice. They include Deere
& Company, Deere Credit, Inc., and John Deere Construction & Forestry Company.
- You may limit the JDF affiliate Deere companies, such as the manufacturing, credit, leasing and
insurance affiliates, from marketing their products or services to you based on your personal information
that they receive from JDF. This information may include your income, account history, and credit score.
- Your choice to limit marketing offers from the JDF affiliate Deere companies will apply for at least 5
years from when you tell us your choice. Once that period expires, you will receive a renewal notice that
will allow you to continue to limit marketing offers from JDF affiliate Deere companies for at least another 5
years.
- To limit marketing offers, contact us at 1-800-356-9033.
CR3910361 (21-08) Multi-Use Accounts are a service of John Deere Financial, f.s.b.
View printer friendly version of the Privacy Notice below (PDF)
Rev. March 2020
FACTS
WHAT DOES JOHN DEERE FINANCIAL, F.S.B. DO WITH YOUR PERSONAL
INFORMATION?
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
How?
All financial companies need to share customers' personal information to run their everyday
business. In the section below, we list the reasons financial companies can share their
customers' personal information; the reasons John Deere Financial, f.s.b. chooses to share;
and whether you can limit this sharing.
Reasons we can share your personal information
Does
Can you
John Deere
limit this
Financial,
sharing?
f.s.b. share?
For our everyday business purposes - such as to process your
transactions, maintain your account(s), respond to court orders and
Yes
No
legal investigations, or report to credit bureaus
For our marketing purposes - to offer our products and services to
Yes
No
you
For joint marketing with other financial companies
Yes
No
For our affiliates' everyday business purposes - information about
Yes
No
your transactions and experiences
For our affiliates' everyday business purposes - information about
Yes
Yes
your creditworthiness
For our affiliates to market to you
Yes
Yes
For nonaffiliates to market to you
Yes
Yes
To limit our
- Call 1-800-356-9033 - at the menu prompt, select 0 and one of our Customer Service
sharing
Representatives will be able to assist you.
Please note: If you are a new customer, we can begin sharing your information 30 days from the date we
sent this notice. When you are no longer our customer, we continue to share your information as described
in this notice.
However, you can contact us at any time to limit our sharing.
Questions
Call 1-800-356-9033
What we do
How does John Deere
To protect your personal information from unauthorized access and
Financial, f.s.b. protect my
use, we use security measures that comply with federal law. These
personal information?
measures include computer safeguards and secured files and
buildings.
How does John Deere
We collect your personal information, for example, when you
Financial, f.s.b. collect my
- open an account
personal information?
- use your credit card or give us your income information
- pay us by check or show your driver's license
We also collect your personal information from others, such as credit
bureaus, affiliates, or other companies.
Why can't I limit all
Federal law gives you the right to limit only
sharing?
- 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. See below for more on your rights under state law.
What happens when I limit
Your choice will apply to you. Others on your account may limit
sharing for an account I
information sharing for the account, or you can also limit sharing
hold jointly with someone
information for them.
else?
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and
nonfinancial companies.
John Deere Financial, f.s.b. and its credit affiliates including Deere & Company,
Deere Credit, Inc., and John Deere Construction and Forestry Company.
Nonaffiliates
Companies not related by common ownership or control. They can be financial and
nonfinancial companies.
Such as securities brokers-dealers, insurance companies and agents and merchants
participating in the John Deere Financial program who have identified you as their
customer.
Joint
A formal agreement between nonaffiliated companies that together market financial
Marketing
products or services to you.
John Deere Financial Merchants
Other important information
California
We will not share information about you with nonaffiliated third parties, except as
Residents
permitted by California law, such as to process your transactions, maintain your
account or with your consent. California law gives you other personal information
privacy rights. See JohnDeere.com/Privacy for more information.
Vermont
We will not disclose information about your creditworthiness to our affiliates and
Residents
will not disclose your personal information, financial information, credit report, or
health information to nonaffiliated third parties to market to you, other than as
permitted by Vermont law, unless you authorize us to make those disclosures.
Additional information concerning our privacy policies can be found at JohnDeere.com/Privacy or call 1-800-
356-9033.