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*
BASE RATE. ACTUAL RATE BASED ON CREDIT SCORE
†
All loans are secured by any property specifically pledged
and shares on deposit with the credit union. In addition,
ALL loans are cross-collateralized by all property and shares
pledged to secure any loan or advance. For example, a car
pledged to secure a New Car loan will also secure a personal
loan. Cross-collateralization does not apply to your home,
any Keogh or IRA accounts with us, or to property defined
as household goods under Regulation AA or 12 CFR § 706.
SKIP
PAYMENT:
You may omit making your December payment and one selected
month during May, June, or July of each year by turning in
a Skip Payment Coupon during these promotion periods. The
skip payment fee is $35.00 for the Skip -A-Payment Promotion.
The fee will increase the finance charge for the month that
it is added. You may skip other months other than the promotion
periods by making your request in writing. Finance charges
(interest) will continue to accrue during those months skipped.
LATE
CHARGES: For
payments 15 days or more past due, a late charge or 5% installment
due will be charged, minimum of $5.00.
COLLECTION
COSTS:
You promise to pay all costs of collecting the amount owed
under this agreement including court costs and reasonable
attorney fees not in the excess of 15% of the unpaid debt.
FILING
FEE: You
will be charged a filing fee at the time of the advance if
the credit union takes a security interest in your collateral.
The amount of the fee is based on the fee required by state
law for the credit union to obtain a lien of your property.
The amount of the fee will be disclosed on the voucher.
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