Open-End Consumer  
Credit Agreements  
And Truth In Lending  
Disclosures

Effective June 6, 2014

FEDERALLY INSURED BY

PATELCO CREDIT UNION
OPEN-END CONSUMER CREDIT AGREEMENTS AND  
TRUTH IN LENDING DISCLOSURES

VISA® CREDIT CARDS
SECURED VISA® CREDIT CARD
PERSONAL LINE OF CREDIT 
PAY DAY LINE OF CREDIT
Effective: June 6, 2014

This  booklet  contains  agreements  and  Truth  in  Lending  Disclosures 
that govern your use of the following Patelco Credit Union open-end 
consumer credit programs:

VISA® Gold
VISA® Platinum
VISA® Classic

Secured VISA® Classic 
Personal Line of Credit
Pay Day Line of Credit

In addition to this booklet, you will receive the following documents 
before you become obligated, if you have applied and been approved 
for the relevant credit program: 

VISA® Gold, Platinum and Classic Programs: An  account-opening  disclosure  that 
tells  you  the  interest  rate  and  variable  rate  formula  that  will  apply 
to  your  account,  fees  applicable  to  your  account,  your  credit  limit, 
whether  the  account  is  linked  to  a  Patelco  checking  account  as  an 
overdraft protection source, and other important information.

Secured  VISA®  Classic:  An  account-opening  disclosure  that  tells  you  the 
interest  rate  that  will  apply  to  your  account,  fees  applicable  to  your 
account, your credit limit, whether the account is linked to a Patelco 
checking  account  as  an  overdraft  protection  source,  and  other 
important  information,  plus  a  Share  Pledge  Addendum,  which  you 
must sign, to pledge shares as security for the account. 

Personal  Line  of  Credit:  An  account-opening  disclosure  that  tells  you  the 
interest  rate  that  will  apply  to  your  account,  fees  applicable  to  your 
account, your credit limit, whether the account is linked to a Patelco 
checking  account  as  an  overdraft  protection  source,  and  other 
important information.

Pay  Day  Line  of  Credit:  An  account-opening  disclosure  that  tells  you  the 
interest  rate  that  will  apply  to  your  account,  fees  applicable  to  your 
account,  your  credit  limit,  and  other  important  information  about 
your account.

Some material in this booklet applies to all of the above credit products, 
while other material only applies to specific products. Material in bold 
face meets Truth in Lending disclosure requirements. Please carefully read all 
material applicable to the credit products you have and keep for your 
records  this  booklet,  any  account  opening  disclosures  you  receive, 
and any notice of changes in terms. 

In  this  booklet,  “Patelco,”  “we,”  and  “us”  mean  Patelco  Credit  Union 
and  our  successors  and  assigns.  “You”  means  the  borrower  and,  if 
the  context  so  indicates,  any  non-borrowing  co-signer  (guarantor) 
of  the  credit  obligation.  A  person  who  submits  a  credit  application 
as  a  “borrower”  or  “applicant”  is  a  borrower.  The  singular  implies  the 
plural if there is more than one borrower. Unless otherwise indicated, 
“Card” or “Credit Card” means any VISA® credit card issued by Patelco 
Credit Union. “Line of Credit” unless otherwise indicated, refers to both 
Personal Lines of Credit and Pay Day Lines of Credit. “Agreements” means 
the  Open-End  Consumer  Credit  Agreements  and  Truth  in  Lending 
Disclosures  contained  in  this  booklet  and  any  additional  documents 
that  we  provide  to  you  at  account  opening.  “Account,”  unless  the 
context  indicates  otherwise,  refers  to  an  open-end  credit  account 
established under and governed by these Agreements.

By submitting a paper, oral or electronic application for a Patelco Credit 
Union Credit Card, Personal Line of Credit, or Pay Day Line of Credit and 
either (a) using any access device issued to you, such as a Credit Card 
(“Card”) or special loan drafts (“Loan Draft”), or (b) accepting the loan 
of any funds after approval of your application, you and, if the context 
so indicates, any the non-borrowing co-signer, agree that any amounts 
borrowed  from  Patelco  Credit  Union  (“Patelco,”  “Credit  Union,”  “we,” 
us”) now or in the future will be subject to the terms and conditions of 
the  applicable  provisions  of  these  Agreements.  You  confirm  that  any 
Account  opened  under  these  Agreements  will  be  used  for  personal, 
family or household purposes and not for business purposes. 

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A. ACCOUNT ACCESS

1.  Accounts  governed  by  these  Agreements  are  open-end  or  revolving 
lines of credit. Once your application for an Account governed by these 
Agreements is approved, you can borrow the full amount of your credit 
limit, repay the principal in full or in part, and borrow again up to the 
maximum as long as you are a Patelco member in good standing and 
your creditworthiness remains acceptable to us. To be in good standing 
you must be current on all obligations you have to Patelco as spelled out 
in  agreements  governing  specific  services  you  have  and  your  general 
membership agreements with Patelco, and you must have a satisfactory 
loan, account and membership history with Patelco.

2.  On joint accounts, each borrower can borrow up to the full amount of 

the credit limit without the other’s consent. 

3.  Advances

a.  Credit  Card  Advances:  Credit  Cards  will  be  issued  as  instructed 
on your application. To make a purchase or get a cash advance, 
you can present the Card to a participating VISA plan merchant, 
to  the  Credit  Union,  or  to  another  financial  institution,  and  sign 
the sales or cash advance draft imprinted with your Card number. 
Keep  sales  and  cash  advance  drafts  to  reconcile  your  monthly 
statements.  You  can  also  make  purchases  by  giving  your  Card 
number  to  a  merchant  by  telephone,  over  the  Internet,  or  by 
other  means,  in  which  case  your  only  record  of  the  transaction 
may be your monthly statement. You can also access the Account 
to obtain cash advances at designated ATMs, subject to additional 
ATM  terms  at  the  end  of  this  Agreement,  and  to  obtain  cash 
advances  via  Online  Banking  in  the  form  of  either  a  deposit  of 
the  advance  amount  to  a  Patelco  account  that  you  designate 
or a check payable to you and mailed to you at the address we 
have for you in our your records. You agree to keep copies of your 
transaction records to verify your monthly statement.

b.  Line  of  Credit  Advances:  You  can  request  advances  on  a  Line 
of Credit in person, by mail, by telephone, by PC-24, by CALL-
24, at ATMs, or at a CUSC. You can ask us to issue the advance 
in the form of a deposit to any Credit Union account of yours, 
or a  check payable  to  you or  any third party, or an electronic 
funds transfer or wire transfer payable to you or to a third party 
you designate. We can require that loan advances be issued in 
the form of a check payable to you and mailed to you at your 
address in our records, or in the form of a deposit to a Patelco 
share account of yours, if in our reasonable judgment there is a 
risk that following instructions to issue loan proceeds to a third 
party would pose a risk of loss to Patelco.

c.  Loan Drafts:  We may issue Loan Drafts on Credit Card or Personal 
Line of Credit Accounts from time to time. Any Borrower may sign 
a Loan Draft payable to any person or entity that accepts personal 
checks. When we pay the Loan Draft, it will post to the Account as a 
cash advance. There is no charge for printing or using Loan Drafts, 
but if you request special handling, such as a stop payment, we may 
charge you the same fee you would charge for the same service on 
a  regular  Patelco  check  (share  draft).  Fees  for  special  handling  of 
checks are shown on the Patelco Fee Schedule. If you do not wish to 
use Loan Drafts, destroy them. You agree to notify us immediately 
if  Loan  Drafts  issued  to  you  are  lost  or  stolen  and  to  report  any 
unauthorized Loan Drafts that appear on your Account statements. 
We  operate  in  an  automated  check-processing  environment  and 
in almost all cases we do not physically examine checks (including 
Loan Drafts) that clear. You agree that we have the right but not the 
obligation to refuse to pay Loan Drafts checks that are not signed 
by a Borrower, and we will not be responsible for any unauthorized 
Loan Drafts if you fail to report them within 60 days after we send 
you the first statement on which they appear. If you wish to stop 
payment on a Loan Draft, you must notify us before the Loan Draft 
is  presented  to  us  for  payment,  and  you  must  provide  the  exact 
dollar amount and Loan Draft number or we may not be able to find 
it and stop it. We will not be responsible for failure to stop Loan Draft 
payments if you do not give us the exact information we require in 
sufficient time (at least one business day prior to presentment) for 
us to act on your request. Merchant dispute rights do not apply to 
Loan Drafts. If a Loan Draft clears, you must resolve any disputes 
directly with the payee. 

 
4.  Overdraft Protection

a.  A  Credit  Card  or  Personal  Line  of  Credit  can,  if  you  so  request 
on  your  credit  application  or  another  authenticated  written 
request  submitted  to  Patelco,  be  established  as  an  overdraft 
protection source on any Patelco Credit Union checking account 
you designate, even if the owner(s) of the designated checking 
account are not obligated to pay the Credit Card or Personal Line 
of Credit. If you designate your Credit Card or Personal Line of 
Credit as an overdraft protection source, loan advances can be 
requested by any person authorized to transaction business on 
the  linked  checking  account  by  initiating  any  payment  (debit) 
transaction  when  sufficient  funds  are  not  available  to  cover  it. 
The  Patelco  Electronic  Funds  Transfer  (EFT)  Agreement  and 
Disclosure)  (“EFT  Agreement”)  describes  methods  by  which 
EFT  payments  can  be  initiated  on  Patelco  checking  accounts. 
Overdraft  protection  advances  will  generally  be  made  in 
multiples  of  $100  (or  the  available  credit,  whichever  is  less) 
up  to  the  amount  necessary  to  cover  the  overdraft.  Overdraft 
protection advances are treated as Credit Card cash advances. 

b.  A Pay Day Line of Credit may not be designated as an Overdraft 
Protection Plan on any Patelco checking (share draft) account. 

5.  Our clearing a Loan Draft, authorizing a Credit Card transaction, or our 
issuance of a loan advance consistent with your written instructions, 
or your oral or electronic instructions that we accept in accordance 
with reasonable security procedures, constitutes your acceptance of 
the advance and consent to the terms of this Agreement. 

6.  We  can  refuse  to  give  you  loan  advances  you  request  for  any 
lawful  reason.  We  will  notify  you  in  writing  of  the  reasons  for 
any  refusal.  Reasons  for  refusal  include  (a)  your  already  having 
borrowed  up  to  the  credit  limit,  (b)  an  adverse  changes  in  your 
financial  or  credit  standing,  (c)  your  failure  to  meet  loan-  or 
account-related  obligations  to  Patelco,  (d)  an  adverse  change  in 
your employment, (e) your insolvency, (f) your bankruptcy, (g) your 
death, (h) unavailability of funds to make loans, (i) our reasonable 
belief that a requested transaction is illegal or unauthorized, or (j) 
our reasonable belief that you are using your Account to pay other 
obligations you have to Patelco. 

7.  Credit  Card  fraud  is  always  a  risk.  To  protect  Patelco  and  our 
member-owners  from  losses  associated  with  Credit  Card  fraud 
claims,  we  reserve  the  right  to  block  the  purchase  ability  of 
Credit  Cards  we  issue.  We  participate  in  a  fraud  protection 
system  that  may  detect  and  block  purchases  that  reflect  unusual 
spending patterns (although we do not warrant that we will block 
unauthorized transactions before they occur). If you are planning 
a  major  purchase  for  which  you  have  available  credit,  or  will  be 
traveling  to  a  foreign  country,  you  can  minimize  the  risk  that  the 
fraud detection system will block your card by notifying the Credit 
Union in advance at (800) 358-8228.

8.  You agree that you will not use or permit others to use any Patelco 
credit  product,  account,  access  device  or  other  Patelco  product  or 
service, including but not limited to Credit Cards issued by Patelco, for 
illegal transactions such as illegal Internet gambling. We may refuse 
to honor any transaction we reasonably believe to be illegal. We may 
also block or freeze accounts or decline transactions consistent with 
requirements imposed by laws, regulations, or government agency 
directives.  However,  responsibility  for  determining  the  legality  of 
authorized transactions rests with you, not with Patelco. You cannot 
use the actual or alleged illegality of any authorized transaction as 
a  defense  to  your  obligation  to  pay  it.  Your  permitting  use  of  any 
Patelco  credit  product,  account,  access  device  or  other  Patelco 
product or service for illegal transactions is a material breach of these 
Agreements that will permit us to close the Account or discontinue the 
other product or service used for the illegal transaction. 

9.  You are not permitted to transfer one Patelco credit Account balance 
to another Patelco credit Account balance, nor may you use advances 
on Patelco credit accounts to pay other obligations you have to Patelco. 

10. When  you  use  a  Credit  Card  at  a  merchant  point-of-sale  terminal,  
selecting  “credit” rather than “debit” will result in the transaction being 
treated as a purchase rather than a cash advance. 

11. You  can  use  a  Patelco  Credit  Card  to  access  Patelco  checking  and 
savings  accounts  at  ATMs.  Please  refer  to  the  Electronic  Funds 
Transfer Agreement and Disclosure in the Patelco Member Handbook 
for  information  about  using  Credit  Cards  for  direct  access  to  your 
checking  and  savings  accounts  at  ATMs,  including  information  on 
your potential liability for unauthorized use of your Credit Card for 
this type of access.

B. RESPONSIBILITY FOR PAYMENT

1.  By signing or electronically submitting an application for a Credit Card or 
Line of Credit, whether designated as a borrower who will use the credit 
or  a  non-borrowing  co-signer  (guarantor)  who  undertakes  payment 
responsibility for payment but will not use the credit, you agree that you 
are responsible for payment of all sums borrowed and interest, fees, costs 
and  other  charges  incurred  under  these  Agreements.  You  understand 
that you remain responsible to the Credit Union for payment, even if a 
court order or agreement to which the Credit Union is not a party, such 
as a divorce decree, orders another person to pay the debt. You can be 
discharged from your obligation to pay only by a court order in an action 
to which we are a party or a written release executed by an authorized 
officer of Patelco. 

2.  Each  Borrower  and  co-signer  is  also  obligated  to  repay  any  charges 
resulting from the use of a Credit Card by an Authorized User, regardless 
of whether the Authorized User stayed within the limits of permission 
given  to  use  the  Credit  Card.  Patelco  is  not  subject  to  agreements 
between you and Authorized Users limiting their use of the Credit Card. 
An Authorized User is any person to whom a Borrower or co-signer has 
given actual, applied or apparent permission to use the Credit Card. 

C. CREDIT LIMIT

We  will  establish  a  credit  limit  on  each  Account  you  open.  We  can 
review your credit limits periodically and ask you to provide updated 
credit  information.  Our  review  may  include  checking  your  history 
with  third  parties  such  as  credit  bureaus  and  verifying  information 
you  give  us  with  third  parties  such  as  your  employer.  As  part  of  our 
review process, we can increase or decrease your credit limit, increase 
or  decrease  your  interest  rate,  require  you  to  provide  additional 
co-signers  or  security,  or  close  your  Accounts  to  future  advances  at 
any time. You can apply for a credit limit increase, but we have sole 
discretion as to whether to grant your request. Excessive applications 
may result in fees. If any Account has been inactive for six consecutive 
months,  we  may  close  it.  All  Credit  Card  reissues  are  subject  to 
approval. If we make any adverse change in the terms of any Account, 
or close any Account, we will provide you any notice required by law. 

D. REPAYMENT TERMS

1.  You promise to pay us at (a) one of our offices or (b) by mailing payment 
to  us  at  the  address  we  designate  on  your  periodic  statement,  in  U.S. 
Dollars with payment instruments drawn on U.S. financial institutions, 
all  sums  advanced  to  you  under  these  Agreements  at  any  time  plus  a 
Finance Charge that we will determine as disclosed in these Agreements 
and  in  the  Truth  in  Lending  Account  Opening  Disclosure(s)  provided 
to  you.  We  can  accept  payment  instruments  bearing  legends  such  as 
“payment in full” without waiving our rights. You will pay monthly unless 
we agree to another payment frequency in writing. The Finance Charge is 
the amount of money that you pay for the money you borrow.  The interest component 
of the Finance Charge is calculated by applying a periodic interest rate (which is a 
fraction of the ANNUAL PERCENTAGE RATE of interest) to the outstanding balance. Fees 
applicable to an Account may also be considered Finance Charges. 

2.  Grace Period on Credit Card Purchases: If you paid your previous statement’s 
balance  in  full  before  its  due  date,  or  you  had  no  previous  balance  at  the 
beginning of the billing cycle, you will have a grace period of 25 days on average 
to pay your Credit Card purchase balance without interest finance charges. If 
you do not pay your balance in full before the end of the grace period, interest 
will be assessed on your entire outstanding balance including new purchases. 
There  is  no  grace  period  on  Credit  Card  cash  advances.  Overdraft  protection 
advances, if authorized, are considered cash advances. 

3.  Interest Finance Charge Calculation

a.  Credit  Cards:  Average  Daily  Balance  Method,  Including  New  Transactions 
Interest  is  calculated  separately  for  (a)  purchase  balances  and  balance 

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transfer balances and (b) cash advance balances. We arrive at the interest 
portion  of  the  Finance  Charge  for  each  balance  type  by  first  calculating 
the average daily Account balance for the statement period. To obtain the 
daily Account balances of purchases and balance transfers, we add any new 
purchases or balance transfers to the previous day’s purchase and balance 
transfer balance, then subtract any payments or other credits applied to the 
purchase and balance transfer balance. To obtain the daily Account balances 
of cash advances, we add any new cash advances to the previous day’s cash 
advance balance, then subtract any payments or other credits applied to the 
cash advance balance. We then total the daily balances for the statement 
period and divide by the number of days in the period to get the Average 
Daily Balance. This figure is multiplied by the Monthly Periodic Rate (1/12 of 
the APR) to obtain the interest component of the Finance Charge.

b.  Lines  of  Credit:  Daily  Balance  Method  Including  New  Transactions 
The  interest  component  of  the  Finance  Charge  is  determined  daily  based 
on  the  unpaid  principal  balance  of  funds  loaned  to  you.  Each  day,  we 
determine the balance outstanding by adding any new advances or charges 
to  the  previous  day’s  balance  and  subtracting  any  payments  and  credits. 
Then  we  multiply  the  day’s  balance  by  the  Daily  Periodic  Rate  (1/365  of 
the  ANNUAL  PERCENTAGE  RATE)  to  determine  the  interest  component  of 
the Finance Charge for the day. At the end of the billing cycle, the interest 
charges  for  each  day  of  the  cycle  are  added  together  to  determine  the 
interest component of the Finance Charge during the billing cycle. Interest 
continues to accrue from the day funds are loaned to you until the day they 
are repaid to us.

4.  Interest Rates: 

a.  When we approve your application, we determine the ANNUAL PERCENTAGE 
RATE  that will apply to  your Account. Among the factors we may  lawfully 
consider in setting your interest rate are your credit history, whether you 
maintain direct deposit to a Patelco savings or checking account, whether 
you  elect  an  automatic  payment  method  for  your  Credit  Card  or  Line 
of  Credit,  and  whether  you  qualify  for  Commitment  Household  status. 
Available rate discount programs may change from time to time. Before you 
become obligated, you will receive a separate Account Opening Disclosure 
that will include the ANNUAL PERCENTAGE RATE and corresponding Periodic 
Rate that will apply to your Account. If the ANNUAL PERCENTAGE RATE will 
be  variable,  that  fact,  and  the  formula  used  to  calculate  the  variable 
rate, will also be disclosed to you. In addition, any discount for which you 
qualify based on payment method, Household Commitment status or other 
condition within your control will be disclosed to you.

b.  Credit Card interest rates are variable. The Index used to set variable interest 
rates  on  Credit  Cards  is  the  Prime  Rate  reported  in  the  Federal  Reserve 
Bulletin on the first business day of the month prior to the month in which 
the rate will take effect. For example, the Prime Rate published on the first 
business day of January will determine the ANNUAL PERCENTAGE RATE that 
will apply during a billing cycle that begins in February. Any introductory 
discounted interest rates and the times through which they will be effective 
will be disclosed to you. Changes in variable rates will apply to the entire 
balance outstanding as of the date of the change. We reserve the right to 
substitute a different variable rate formula if the current Index ceases to be 
available, as long as the substitute formula is statistically similar as of the 
time the substitution is made. We cannot, however, predict how substitute 
indexes might change in the future. We will give you notice required by law 
if we substitute a new variable rate formula.

c.  There is no limit on the amount by which variable rates can change, except 
that Patelco will not charge a rate that exceeds any maximum allowed by 
law. We can decline to make an increase in an interest rate that an increase 
in  the  Index  would  permit  without  waiving  our  right  to  change  interest 
rates in the future consistent with changes in the Index. 

d.  If you qualified for a discounted interest rate because you met a specified 
condition, that fact will be stated on your Account Opening Disclosure. If you 
later cease to meet that condition, your interest rate (or the margin applied 
to the index to calculate a variable interest rate) will be increased by the 
amount of the discount you received.

5.  The Board of Directors of Patelco, at its discretion, can, unless prohibited by law, 
authorize a change in the fixed interest rates or variable interest rate formulas 
offered  on  open-end  credit  programs,  or  convert  fixed-rate  open-end  credit 
programs  to  variable-rate  programs  and  vice  versa.  Patelco  can  also  change 
the rates offered to specific borrowers based on (a) account and credit history 
review, or (b) discontinuation of rate discounts. If an unfavorable change in the 
interest rate or variable rate formula applicable to your Account takes place, 

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the following rules will apply: (a) You will be given a written Rate Change Notice 
at least 45 days before the change takes effect; (b) You will be able to pay off all 
balances incurred within 14 days after mailing or electronic delivery date of the 
Rate Change Notice at the fixed rate or under the variable rate formula in effect 
as  of  the  mailing  date  of  the  Rate  Change  Notice,  and  (c)  any  loan  advances 
taken  more  than  14  days  after  the  mailing  date  of  the  Rate  Change  Notice 
will, on the effective date stated in the Rate Change Notice, convert to the rate 
stated in, or to the rate obtained applying the variable rate formula stated in, 
the Rate Change Notice.  These rules do not apply to Accounts that are disclosed 
as Variable Rate Accounts at Account opening. A change in the interest rate on 
a Variable Rate Account will apply to the entire balance outstanding when the 
rate change takes effect. 

6.  You can prepay what you owe you in full at any time without penalty.

7.  We  will  send  you  periodic  statements  of  your  Accounts. 
Statements  will  contain  information  about  your  Accounts  as 
required  by  law.  If  you  enroll  in  e-Statements,  we  will  instead 
send you e-mails each month notifying you that statements are 
available  for  pickup  on  Patelco’s  secure  web  site.  E-statements 
will  contain  all  the  same  legally  required  information  that  is 
provided with paper statements. 

8.  If  you  make  payroll  deduction  or  other  automatic  payments,  it 
remains  your  responsibility  to  make  sure  your  payment  is  made 
on time. A late payroll or a  change  in the  amount of  your  payroll 
may disrupt payroll deduction. Payment by automatic transfer may 
not occur if you do not have sufficient funds to make the required 
payment on the agreed date. 

9.  If your outstanding balance on any Account exceeds your approved 
credit limit, you must, upon written notice from us, make a single 
lump-sum  payment  sufficient  to  reduce  the  balance  to  the 
authorized credit limit.

10. Minimum Payments:

a.  Credit  Cards:  Your  minimum  monthly  payment  will  equal  2%  of  your 
outstanding balance or $24.00, whichever is greater. If an advance is 
an Overdraft Protection Plan advance, you must pay the amount in full 
by the payment due date.

b.  Personal Line of Credit: Your minimum monthly payment will equal 2% 
of  your  outstanding  balance  or  $46.00,  whichever  is  greater.  If  your 
advance  is  an  Overdraft  Protection  Plan  advance,  you  must  pay  the 
amount in full by the payment due date.

c.  Pay Day Line of Credit: Your minimum monthly payment will equal 2% 

of your outstanding balance or $46.00, whichever is greater. 

d.  All  minimum  payments  must  include  over-limit  amounts,  delinquent 

amounts and fees. 

11. We may apply Account payments in any order allowed by law. 

12. Increases in your outstanding Account balance increase the required minimum 

payment, which will be reflected in the monthly statement.

13. You will make monthly payments on or before the due date specified  

in your periodic statements.

14. Foreign  Transactions:  For  VISA®  transactions  initiated  in  foreign 
currencies,  the  exchange  rate  between  the  transaction  currency 
and  the  billing  currency  (U.S.  dollars)  will  be  (a)  a  rate  selected 
by  VISA®  from  the  range  of  rates  available  in  wholesale  currency 
markets for the applicable central processing date, which rate may 
vary  from  the  rate  VISA®  itself  receives,  or  (b)  the  government-
mandated rate in effect for the applicable central processing date. 
If a transaction is initiated in a foreign country or foreign currency, a fee of 2% 
of the transaction amount in US dollars will be assessed.

15. Payments  in  Foreign  Currency.  You  agree  to  make  all  payments 
to  us  in  U.S.  Dollars  using  payment  instruments  drawn  on  U.S. 
financial  institutions.  We  may,  at  our  option,  accept  payments 
in foreign currency or checks drawn on non-U.S. banks. If we do, 
we  may  impose  service  and  collection  charges,  and  you  agree 
the charges we set will be final.

16. Payment Holds. We will promptly credit your payments as required 
by law. We may, however, delay for the maximum time allowed by 
law increasing your available credit or refunding credit balances until 

final collection of non-cash items presented to pay your Account. A 
delay in increasing your available credit or issuing a refund will not by 
itself result in increased finance charges, but if an item presented for 
payment on your Account is returned unpaid, we can assess finance 
charges retroactive to the date the payment was credited. 

17. Credit Cards: Special Considerations Regarding Merchant Transactions

a.  If  you  made  a  purchase  and  the  merchant  discloses  a  policy 
such as “no returns,” “no refunds,” “no credit without receipt, 
“as  is,”  “store  credit  only,”  or  “all  sales  final,”  you  agree  to  be 
bound by that merchant’s policy.

b.  When  you  use  your  Account  to  make  travel  or  lodging 
reservations, you agree to request the merchant’s cancellation 
policy and follow it if you cancel. Otherwise, the merchant may 
charge  you  unless  you  can  provide  us  with  the  cancellation 
code the merchant is required to give you.

c.  If you authorize a merchant to charge your Account for repeat 
transactions with your Credit Card, you will notify the merchant 
when  you  want  to  discontinue  the  repeat  transactions  or  if 
your Account is closed. 

d.  If  you  disagree  with  a  transaction  on  your  statement,  you 
agree to provide any information or assistance we reasonably 
request. Otherwise you will pay us for any loss we incur, subject 
only to any limits imposed by law. 

e.  A  merchant,  such  as  hotel  or  rental  car  agency,  may  place 
a  “hold”  on  your  Account  for  anticipated  charges.  This  may 
result in your credit limit being unavailable for the duration of 
the merchant hold, and as a result, other transactions may be 
declined due to lack of available credit.

E. PAYMENT PROTECTION

Credit  Insurance/Debt  Protection:  Patelco  may  allow  you  to  obtain  payment 
protection through a credit insurance or debt protection product. Depending on 
the payment protection products you purchase, payment protection may make full 
or partial minimum monthly loan payments during your disability or involuntarily 
unemployment or pay all or part of your outstanding loan balance at your death. 
Purchase  of  payment  protection  is  entirely  voluntarily.  Your  decision  whether 
to purchase payment protection will not affect Patelco’s decision to make credit 
available to you or the terms of credit offered to you. Payment protection charges, 
whether characterized as insurance premiums or fees, are calculated monthly as a 
percentage of the outstanding loan balance and post to your account and accrue 
interest at the applicable interest rate until paid in full. Costs and other terms of 
payment  protection  products  will  be  disclosed  on  separate  payment  protection 
plan documents that will be provided to you before you become obligated to pay 
for coverage. You can cancel payment protection products at any time, and they 
will be automatically canceled if you fail to pay required fees or premiums. 

F. OTHER CHARGES

The following fees and charges can be added to your Line of Credit balance and 
accrue interest at the rates called for by this Agreement until paid in full. 

1.  Credit Cards:

a.  Account research is charged at $25.00 per hour, waived if a Credit Union 

error is revealed.

b.  A late fee of $15.00 will be charged if the payment is 15 or more days late.

c.  Replacement of lost, stolen or damaged plastic cards is $10.00.

d.  $1.00 per page for statement copies

e.  $8.00 per transaction slip copy. 

2.  Credit Lines: 

a.  Account  research  is  charged  at  $25.00  per  hour  plus  $1.00  per  page  for 
photocopying,  unless  the  research  reveals  a  billing  as  defined  by  the  Fair 
Credit Billing Act and Consumer Financial Protection Bureau Regulation Z.

b.  A late fee of the greater of $5 or 3% of the loan payment ($10.00 maximum) 
is assessed if payments are received more than ten days after the due date.

c.  Each  Pay  Day  Line  of  Credit  cash  advance  is  charged  a  $10  fee.  Each 
advance of funds, even in the form of a check payable to a third party, is 
deemed a cash advance.

3.  Special Services: You will pay actual costs for special handling such as overnight 

shipment of replacement plastic cards.

G. CONSENSUAL AND STATUTORY LIEN ON SHARES

Secured  VISA®  Classic:  A  Secured  VISA®  Classic  Account  will  be  secured  by  a 
pledge of the Patelco Credit Union share account indicated on the Share Pledge 
Addendum,  incorporated  into  this  Agreement  by  reference.  The  Share  Pledge 
Addendum also provides disclosures applicable to the pledged shares as required 
by the Truth in Savings Act.  

Lines of Credit: You agree that, except to the extent prohibited by law or the terms 
of  a  Patelco  share  agreement,  (a)  if  you  have  not  made  your  required  payment 
within ten days of its due date, we can take any Patelco shares in which you have an 
interest without notice to you to collect your late payment; and (b) if you default 
on your payments or otherwise default and we declare your Line of Credit due and 
payable and full, we can take any Patelco shares in which you have an interest to 
recover all or part of what you owe without advance notice to you. This consent 
applies even to loan advances otherwise designated as “signature,” “personal,” or 
‘unsecured” advances. Unless you have pledged specific shares as security for a Line 
of Credit, this consent will not affect your right to withdraw funds prior to your 
default and Patelco’s exercise of our rights under this consent. Your consent to our 
taking shares to recover your delinquent obligations to Patelco is in addition to our 
right to impose a lien on shares to the extent of your obligations to Patelco under 
the California Financial Code or equitable principles of offset. 

H. CHANGES IN TERMS

We  can  change  the  terms  of  these  Agreements  by  giving  you  legally 
required notice. A “change” can amend an existing term, add a new term, 
or  delete  an  old  term.  Unless  otherwise  stated,  if  you  do  not  want  the 
change(s) to apply to you, you can close the Account and pay off under 
the old terms. If you keep the Account, the change will take effect on the 
date stated in the notice. 

I. HONEST DEALING

You  agree  to  tell  us  of  any  event  that  adversely  affects  your 
creditworthiness  or  ability  to  pay.  You  agree  to  tell  us  if  your  name, 
address,  or  employment  changes.  You  agree  not  to  request  or  accept 
loan advances if you have reason to believe you will be unable to make 
the required payments. By using a Credit Card or requesting or accepting 
any loan advance, you declare under penalty of perjury that the credit 
information  you  supplied  on  any  oral,  written  or  electronic  credit 
application  or  loan  advance  request  was  accurate  and  complete,  that 
your personal finances are sound, and that you know of no reason why 
creditors should make claims against you or why you would become a 
bankruptcy debtor now or in the future.

J. ADDITIONAL TERMS APPLICABLE TO CO-SIGNERS

A  co-signer  is  someone  who  agrees  to  be  responsible  for  a  loan  but 
does not necessarily obtain any loan proceeds or benefit from the loan. 
As a co-signer for any Account, you must repay any amount borrowed 
under the applicable terms of these Agreements up to the credit limit. 
All our rights against the borrower also apply against you, including our 
right to take any Patelco shares in which you have an interest if payment 
default occurs. You understand that if you had not agreed to repay the 
amount borrowed, we would not have approved the credit request. We 
can proceed against you if the payments are delinquent even before we 
proceed against the borrower. We will give you notice required by law of 
any action we take that could adversely affect you. You can stop being 
obligated  for  future  advances  by  writing  to  us  to  that  effect.  But  you 
will still be jointly and individually liable with the borrower for amounts 
outstanding at the time we receive your notice. You acknowledge receipt 
of a copy of this Agreement and the separate “Notice to Co-Signer.”

K. DEFAULT- ACCELERATION 

1.  If  you  default  on  your  payments,  breach  any  other  applicable  term  of 
these  Agreements,  make  any  false  statements  to  obtain  credit,  file  for 
bankruptcy, or die, we can immediately declare your Account(s) in default 
and require payment of the Account balance(s) in full. Even if we accept a 
late or partial payment, we are not waiving our right to accelerate payment 
and declare the entire unpaid balance due. Interest will continue to accrue 
on the balance outstanding until paid in full.

2.  Your default on this Agreement gives us the right, to the maximum 
extent allowed by law, to discontinue other services to you. We may, 
for  example,  close  your  Patelco  checking  account,  or  discontinue 
electronic banking services such as ATM or Debit cards. 

5

3.  You  agree  that  if  you  default  on  one  obligation  to  Patelco,  we 
can,  to  the  maximum  extent  allowed  by  law,  declare  all  of  your 
obligations  to  us,  including  Credit  Card  obligations,  to  be  in 
default  and  accelerate  them.  Loans  secured  by  your  primary 
residence are exempt from this provision. 

L. COLLECTION COSTS

If you fail to pay as agreed, you agree to pay all reasonable collection costs Patelco 
incurs prior to taking legal action. If we take legal action to collect what you owe, 
you agree to pay our reasonable attorney’s fees and costs to the maximum extent 
allowable  by  law,  whether  the  action  is  a  collection  lawsuit,  a  proceeding  to 
enforce our rights if you become a debtor in bankruptcy, or another type of action. 
We can add collection costs, including attorney’s fees, to your balance and they will 
accrue interest at the rate called for by this Agreement. 

M. OTHER RIGHTS APPLICABLE TO CREDIT CARDS

1.  Unauthorized Use of Lost or Stolen Cards. You agree to notify us promptly of the loss, 
theft or other actual or possible unauthorized use of any Card we issue to you. Call 
(800) 358-8228. Although you are generally not be liable for unauthorized use (except 
that  you  may  be  liable  for  up  to  $50  for  unauthorized  PIN-based  transactions),  all 
Patelco members benefit if unauthorized Card use losses are kept to a minimum.

Once you report your Card as lost or stolen, you agree not to attempt to 
use it. A replacement card will usually be issued to you. If you find your 
Card after reporting it lost or stolen and attempt to use it, a merchant 
may capture the Card and you will have to pay a card capture fee. 

If  you  report  your  Card  as  stolen,  you  agree  to  cooperate  with  our 
investigation. Your failure to file a police report or otherwise cooperate 
with  our  investigation  may  give  us  reasonable  grounds  to  deny  your 
claim  of  unauthorized  use.  Although  we  will  not  close  your  Account 
solely because you exercise your rights to report unauthorized activity 
or other errors under the Fair Credit Billing Act, our determination that 
your report of unauthorized Card activity was not made in good faith 
may be grounds for closing your Account to future use. If we decide that 
you have an excessive number of lost or stolen cards, we may not issue 
a replacement card or open a new account for you. 

2.  Merchant Disputes. We are not responsible for the refusal of any merchant or other 
financial  institution  to  honor  you  Card.  We  are  subject  to  good  faith  claims  and 
defenses recognized by law (other than tort claims) arising out of goods or services 
you purchase with the Card, but only if you have made a good faith attempt but have 
been unable to obtain satisfaction from the plan merchant and (a) your purchase was 
made in response to an advertisement we sent or participated in sending you; (b) your 
purchase was made from a merchant we own or operate; or (c) your purchase cost more 
than $50 and was made from a merchant in your state or within 100 miles of your 
home. We are relieved from any liability if you have already paid us for the disputed 
transaction. Any other disputes you must resolve directly with the merchant.

3.  Merchant  Credits:  A  merchant  who  honors  your  Card  and  gives  you  credit  for 
returns or adjustments will do so by sending us a credit slip which we will post 
to your Account. Subject to Section D.16 of this Agreement, if your credits and/
or  payments  exceed  what  you  owe,  we  will  hold  and  apply  this  credit  balance 
against future transactions, or refund it on your written request if it is $1.00.

4.  Platinum VISA® Rebates: If you have a VISA® Platinum Account, you 
may  earn  cash  rebates  in  U.S.  dollars  when  you  use  your  Card  for 
purchases. Rebate terms are subject to change without notice. 

a.  The  rebate  period  runs  annually  from  November  16  to 
November 15. The rebate to be paid is calculated each year on 
November 15. A rebate is paid only if you have earned $1.00 or 
more in rebates. The rebate will be paid shortly after the end 
of  the  rebate  period  in  the  form  of  a  deposit  to  your  Patelco 
Tiered Savings account. If there is more than one borrower on 
your Platinum VISA Account, the rebate will be paid to the first 
cardholder listed on the billing statement for the Account. You 
must notify us if an expected rebate has not been paid. 

b.  You  begin  earning  rebate  credit  with  the  first  purchase  during 
a  rebate  period.  No  rebates  are  earned  for  cash  advances.  The 
rebate amount equals 1.0% of the purchase amount. No rebates 
are earned for cash advances or balance transfers. Your monthly 
statement will show the amount of purchases during the billing 
cycle that are eligible for rebates. We can make adjustments due 
to account activity, such as returns of merchandise. 

c.  If  you  close  your  Platinum  VISA®  account  before  the  end  of  a 

rebate period, you forfeit earned but unpaid rebates. 

6

d.  If your Platinum VISA® becomes delinquent at the time a rebate 
is  scheduled  to  be  paid,  we  may,  at  our  sole  option,  apply  the 
rebate to reduce the balance you owe instead of depositing it to 
your Tiered Savings account.

e.  If your Platinum VISA® Card is lost or stolen, earned rebates will 

credited to your new account number

5.  U-Choose  VISA®  Gold  Rewards:  If  you  have  a  Patelco  VISA®  Gold 
Credit Card Account, you may participate in this program for a $25 
annual fee. Program terms are available upon request by contacting 
Patelco Credit Union.

6.  Tax Consequences of Credit Card Reward Programs: We make no 
warranties or representations regarding possible tax implications 
of  VISA®  Platinum  rebates  or  VISA®  U-Choose  Rewards.  Consult 
your tax advisor.

N. TERMINATION

1.  We  may  terminate  these  Agreements  and  close  your  Accounts  at  any 
time by sending you a written notice of the termination and the lawful 
business reasons for so doing. 

2.  We can close your Accounts without prior notice if you fail to pay 
on  time,  or  we  have  evidence  or  a  reasonable  belief  that  you  are 
unable or unwilling to repay your Account balance. A significant in-
crease in your obligations, your filing for bankruptcy relief, your un-
employment, your failure to meet other obligations you have to us, 
or your death, are examples of circumstances that could lead us to 
close your Account without notice. We will give you advance notice 
required by law for other terminations. If we close your Accounts 
with or without notice due to your breach of this Agreement or any 
other agreement you have with us, your death or your bankruptcy, 
we can demand that you pay off the entire balance at once.

3.  You can close your Accounts by sending us a written request and, 
if they have been issued to you, cutting all issued Cards and Loan 
Drafts in half and returning them to us. 

4.  If we or you close your Account, you agree to surrender any issued 
Cards and Loan Drafts to us. The Cards and Loan Drafts remain our 
property. Even if your Accounts are closed, you must still pay your 
outstanding balance in full under the terms of these Agreements. 

5.  If you terminate a Share Pledge VISA® Credit Card Account, funds in 
the  share  account  pledged  to  secure  payment  will  become  avail-
able  to  you  as  your  balance  on  this  Account  is  paid  down.  When 
the Account closed and is paid in full, the pledged share account 
will also be closed and any remaining balance transferred to your 
Patelco Tiered Savings account. 

O. PROMOTIONAL SKIP PAYMENTS

From time to time, we may offer you the opportunity to skip a payment on your 
Account(s). The offer, if made, will be reflected on your periodic statement in the 
form of a zero minimum payment, a message telling you that you can skip your 
payment for that month, and an announcement of the fee, if any, for the skipped 
payment. Your failure to make a payment will constitute your acceptance of the 
offer  and  authorize  us  to  deduct  the  skip  payment  fee,  if  any,  from  any  Patelco 
savings or checking account in which you have available funds. If you do not have 
available funds to cover the fee, it will be added to your Account balance and accrue 
interest at the rate called for by this Agreement. Interest will continue to accrue at 
the interest rate then in effect for the related Account during the skip pay period. 
On a joint loan, either borrower acting alone may request the skip payment.

P. GENERAL TERMS

These Agreements reflect your contract with Patelco with respect to 
all transactions you make, even if sales, cash advance, credit slips or 
other documents you receive for merchants or other third parties to 
whom  you  transfer  loaned  funds  contain  different  terms.  Patelco  is 
not subject to agreement between you and third parties except to the 
extent you exercise merchant dispute rights available under Consumer 
Financial  Protection  Bureau  Regulation  Z  or  local  law.  Amendments 
to this Agreement are effective only if (a) implemented by a Patelco 
change in terms notice, (b) ordered by a court in an action to which 
Patelco is a party, or (c) agreed to in writing by you and an authorized 
agent of Patelco. If any provision of this Agreement is invalid, the other 
parts will remain in effect. Applicable federal and California law and 
regulation will govern interpretation of this Agreement.

BILLING RIGHTS:  
KEEP THIS NOTICE FOR FUTURE USE

State  and  Local  Law:  The  following  summary  of  your  rights  under 
federal law does not cover all rights you may have under state or local 
law.  If,  under  state  or  local  law,  you  have  a  longer  period  of  time  in 
which  to  send  an  inquiry  to  us  regarding  your  statement,  reliance 
on  any  such  longer  time  period  may  result  in  your  losing  important 
rights that could be preserved by acting more quickly under federal 
law.  State  or  local  provisions,  if  any,  only  become  operative  upon 
the  expiration  of  the  time  period  provided  by  Consumer  Financial 
Protection Bureau Regulation Z for submitting a proper error notice.

This notice tells you about your rights and our responsibilities under 
the Fair Credit Billing Act.

YOUR RIGHTS IF YOU ARE DISSATISFIED WITH YOUR  
CREDIT CARD PURCHASE

If you are dissatisfied with the goods or services that you purchased with your credit 
card, 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 purchase. 

To use this right, all of the following must be true:

1.  The purchase must have been made in your home state or within 100 miles of your 
current mailing address, and the purchase price must have been more than $50. (Note: 
Neither of these are necessary if your purchase was based on an advertisement we 
mailed to you, or if we own the company that sold you the goods or services.)

2.  You must have used your credit card for the purchases. Purchases made with 
cash  advances  from  an  ATM  or  with  a  check  that  accesses  your  credit  card 
account do not qualify.

WHAT TO DO IF YOU FIND A MISTAKE ON YOUR STATEMENT

3.  You must not yet have fully paid for the purchase. 

If  you  think  there  is  an  error  on  your  statement,  write  us  at  P.O.  Box  8020,  
Pleasanton, CA 94588.

If all of the criteria above are met and you are still dissatisfied with the purchase, 
contact us in writing at:

In your letter, give us the following information:

Patelco Credit Union, P.O. Box 8020, Pleasanton, CA 94588

• 

• 

• 

Account information: Your name and account number

Dollar amount: The dollar amount of the suspected error

Description of problem: If you think there is an error on your bill, describe what 
you believe is wrong and why you believe it is a mistake. 

You must contact us:

•  Within 60 days after the error appeared on your statement

• 

At least 3 business days before an automated payment is scheduled, if you want to 
stop payment on the amount you think is wrong.

You must notify us of any potential errors in writing. You may call us, but if you do, we 
are not required to investigate any potential errors and you may have to pay the amount 
in question.

WHAT WILL HAPPEN AFTER WE RECEIVE YOUR LETTER

When we receive your letter, we must do two things:

•  Within 30 days of receiving your letter, we must tell you that we received your 

letter. We will also tell you if we have already corrected the error.

•  Within 90 days of receiving your letter we must either correct the error or explain 

to you why we believe the bill is correct.

While we investigate whether or not there has been an error:

•  We cannot try to collect the amount in question, or report you as delinquent 

on that amount.

• 

The charge in question may remain on your statement, and we may continue 
to charge you interest on that amount.

•  While you do not have to pay the amount in question, you are responsible for 

the remainder of your balance.

•  We can apply any unpaid amount against your credit limit.

After we finish our investigation, one of two things will happen:

• 

• 

If we made a mistake: you will not have to pay the amount in question or any 
interest or other fees related to that amount.

If we do not believe there was a mistake: We will send you a statement of the 
amount you owe and the date the payment is due. We may then report you as 
delinquent if you do not pay the amount we think you owe.

If you receive our explanation but still believe your bill is wrong, you must write to 
us within 10 days telling us that you still refuse to pay. If you do so, we cannot report 
you as delinquent without also reporting that you are questioning your bill. We must 
tell you the name of anyone to whom we reported you as delinquent, and we must let 
those organizations know when the matter has been settled between us.

If we do not follow all of the rules above, you do not have to pay the first $50 of the 
amount you question even if your bill is correct.

While  we  investigate,  the  same  rules  apply  to  the  disputed  amount  as  discussed 
above. After we finish our investigation, we will tell you our decision. At that point, 
if we think you owe an amount and you do not pay, we may report you as delinquent.

NOTICE TO CALIFORNIA RESIDENTS

Under  California  law,  our  right  to  recover  credit  extended  to  you 
for  credit  card  purchases  is  subject  to  any  defenses  that  you  have 
against the seller if:

1.  The purchase price of the item in question exceeded $50;

2.  The purchase was made in California;

3.  You made a written demand on the retailer and made a good faith 

attempt to get satisfaction of your complaint; and

4.  You  notify  us  in  writing  of  the  name  of  the  seller,  the  date  of 
purchase, the price paid, the goods or services purchased, and the 
acts that you took to obtain satisfaction from the seller. 

The  amount  to  which  the  defense  applies  is  limited  to  the  amount 
outstanding  on  the  purchase  as  well  as  late  charges  and  finance 
charges at the time we receive the written demand.

This remedy is the only one you have against us. Your rights are limited 
to  those  circumstances  outlined  in  California  Civil  Code  §  1747.90. 
Purchases  with  cash  or  check  are  not  included  in  this  section  even 
though you used your credit card to validate your credit. 

We  cannot  penalize  you  by  either  giving  out  unfavorable  credit 
information about you or canceling or refusing to renew your credit 
card solely because you obtained relief under the remedies you have 
for correcting billing errors.

ATM DISCLOSURE

This  part  of  this  disclosure  includes  special  provisions  applicable  to 
the use of a Credit Card to obtain cash advances at Automated Teller 
Machines  (ATMs).  This  disclosure  addresses  only  credit  card  cash 
advances  at  ATMs.  Refer  to  your  separate  Electronic  Funds  Transfer 
disclosure for a complete disclosure of terms applicable to the use of 
plastic cards issued by Patelco, including any Credit Card issued under 
this Agreement, to access Patelco savings and checking accounts. 

Available Services

The  ATM  you  use  may  restrict  the  number  of  credit  card  transactions 
and the amount of each transaction. Each ATM owner determines hours 
of  service,  but  ATMs  are  generally  available  24  hours  a  day,  7  days  a 
week, subject to periodic closures for maintenance.

Documentation of Transactions

The ATM may generate a receipt for cash advance transaction, and ATM 
cash advance transactions will appear on your monthly statement.

7

PO BOX 8020
Pleasanton, CA 94588

800.358.8228      patelco.org

Credit Union Liability

We will not be liable for failure to complete cash advance transactions if:

1.  Your Account does not have available credit to make the transaction; 

2.  The ATM system was not working properly and you knew about the 

breakdown when you started the transaction;

3.  Your  personal  identification  number  (PIN)  or  Card  has  been 

reported lost or stolen and we have blocked its use;

4.  Circumstances  beyond  our  control,  such  as  communication 
malfunction,  fire,  flood,  electrical  failure,  or  malfunction  of 
the  central  data  processing  facility  prevent  completion  of  the 
transaction despite our reasonable precautions; or

5.  We establish other lawful exceptions and notify you of them. 

Security

Do not use an ATM machine unless it appears safe to do so. Do not key 
in your PIN if someone is looking. Take your Card, receipt and money 
when you are done, put your money away quickly, and leave the site.

NOTICE TO CO-SIGNER

(Traduccion en Ingles Requiere Por Lay Ley)

You are being asked to guarantee this debt. Think carefully before 
you do. If the borrower doesn’t pay the debt, you will have to. Be 
sure  you  can  afford  to  pay  if  you  have  to,  and  that  you  want  to 
accept this responsibility. 

You  may  have  to  pay  up  to  the  full  amount  of  the  debt  if  the 
borrower  does  not  pay.  You  may  also  have  to  pay  late  fees  or 
collection costs, which increase this amount.

The creditor can collect this debt from you without first trying to 
collect from the borrower. The creditor can use the same collection 
methods against you that can be used against the borrower, such 
as  suing  you,  garnishing  your  wages,  etc.  If  this  debt  is  ever  in 
default, that fact may become part of your credit record.

This notice is not the contract that makes you liable for the debt.

AISO PARA EL FIADOR

(Spanish Translation Required by Law)

Se  le  está  pidiendo  que  garantice  esta  deuda.  Piénselo  con  cuidado 
antes  de  ponerse  de  acuerdo.  Si  al  persona  que  ha  pedido  este 
préstamo no pagó la deuda, usted tendrá que pagarla. Esté seguro de 
que usted podrá pagar si sea obligado a pagarla y de que usted desea 
aceptar la responsabilidad.

Si la persona que ha pedido el préstamo no paga la deuda, es posible 
que usted tenga que pagar la suma total de la deuda, mas los cargos 
por tardarse en al pago o el costo de cobranza, lo cual aumenta el total 
de esta suma. 

El  acreedor  (financiero)  puede  cobrarle  a  usted  sin,  primeramente, 
tratar  do  cobrarle  al  deudor.  Los  mismos  metodos  de  cobranza  que 
pueden  usarse  contra  el  deudor,  podran  usarse  contra  usted,  tales 
como presentar una demanda en corte, quitar parte de su sueldo, etc. 
Si alguna ves no se cumpla con la obligación de pagar esta deuda, se 
puede incluir esa información en la historia de credito de usted.

Este  aviso  no  es  el  contrato  mismo  en  que  se  le  scha  a  usted  la 
responsabilidad de la deuda.

© 2014 Greene & Allison LLP. All rights reserved.

PCUM005-0614