AUTHORIZATION FOR VIABILL FREE INSTALLMENT LOANS
Authorization for Recurring Payments on
ViaBill Free Installment Loan Agreement (“Authorization”)
Authorization to Seek Payment on Your Account. You authorize First Electronic Bank (together with its successors, assigns and agents, ViaBill, Inc. and other service providers, “we” “our” or “us”) to seek payment from the debit or credit card account specified on your credit application or from any substitute account you later specify or your financial institution later provides (the “Account”) in U.S. Dollars in the amounts on or soon after the due dates specified in the Payment Schedule of your ViaBill Free Installment Loan Agreement (or on any alternative dates or amounts to which you and we agree) by initiating a charge or debit to or from the Account as applicable (each, a “Payment”). If you execute this Authorization on the same day as your ViaBill Free Installment Loan Agreement, then your first Payment will occur on that day. If you instead execute this Authorization at a later date, Payments will begin on the first payment due date that is at least three days thereafter.
Authorization to Vary Amounts. You understand that you have the right to receive notice in advance of any Payment amount that varies from the amount set forth in the Payment Schedule or your most recent payment. To receive advance notice of all varying amount payments, you may call us at 929-242-1110 or e-mail at email@example.com. You also understand that your scheduled installment payments set forth in the Payment Schedule may vary if you make early, late or extra payments. Unless you elect to receive advance notice of varying payment amounts in the manner described above: (1) you authorize us to vary the amount of the final installment payment set forth in the Payment Schedule to reflect any early, late or extra payments; and (2) you authorize us to add any fees, such as late fees that you incur to your next scheduled installment payment.
Authorization for Late Fees and to Modify or Combine Payments. You authorize us to initiate separate Payments from the Account for each separate fee due under your ViaBill Free Installment Loan Agreement such as a late fee. You also authorize us to combine multiple Payments that we may be initiating on the same day from your Account into a single Payment. Instead of or in addition to any Payments described above, you authorize us to initiate Payments from your Account for any amount and on any date that you subsequently direct by phone, email or other method we make available.
Authorization to Correct Payments and Account Information. In the event that we make an error in processing a Payment, you authorize us to correct the error by crediting or debiting the Account in the amount of such error on or after the date such error occurs. If there is any missing or erroneous information with respect to your Account or the associated financial institution, you authorize us to verify and correct such information.
Confirmation of Account Status. To help us determine whether a Payment under this Authorization will be successful, you authorize us to initiate an authorization request, non-monetary entry or similar entry to the Account and/or to obtain balance information from the financial institution holding the Account. We are not obligated to initiate any Payment under this Authorization if we receive information suggesting that it will likely fail.
Reinitiating Rejected Payments. In the event that a Payment is rejected, you authorize us to reinitiate it up to two times or any greater number of times permitted by network rules. However, you agree that we are under no obligation to reinitiate any rejected Payments. You understand that your financial institution may impose fees in connection with rejected Payments, and you agree that we do not have any liability to you for such fees. If you know that a Payment will be rejected by your financial institution (e.g., because there is not enough money in your Account), you should contact us so that alternate arrangements can be made.
Termination by You or Us. You understand that you may terminate this Authorization by contacting us directly at 929-242-1110 or firstname.lastname@example.org in such time as to afford us and your financial institution a reasonable opportunity to act on your request. In any event, we will typically comply with a termination request received at least two business days before the payment due date on which the termination is to be effective. We may terminate your enrollment in recurring Payments at any time and for any reason, including excessive returned payments. If you cancel this Authorization or if we terminate recurring Payments from your Account, you understand that you will be responsible for making your payments by another payment method. Terminating this Authorization does not affect your duty to repay your underlying obligation. Your authorization in no way limits any right you may have under federal law to stop payment of a preauthorized electronic transfer by contacting your financial institution.
Miscellaneous. You promise that your Account is legitimate, open and active and that you are an authorized signer on the Account. You understand that this Authorization is subject to applicable law and network rules. Each Payment will be processed in U.S. dollars, and, if it is converted into another currency, its amount may vary based on fluctuations in the applicable conversion rate.
BY CLICKING THE “I AGREE” BUTTON, YOU ARE ELECTRONICALLY SIGNING AND AGREEING TO THIS RECURRING PAYMENT AUTHORIZATION. YOU ACKNOWLEDGE THAT YOU HAVE READ, PRINTED/SAVED, UNDERSTAND, AND AGREE TO BE BOUND BY THE TERMS OF THIS AUTHORIZATION. YOU MAY REQUEST A COPY OF THIS AUTHORIZATION AT ANY TIME BY CONTACTING VIABILL.