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Notice: A Payday Loan is a high cost Loan
Cash-x Inc. O/A AppleTreecash.com herby Discloses
1) That our cost of borrowing is $17 per $100 Borrowed (the loan fee)
2) That upon execution of a Payday Loan Agreement, the borrower shall provide a post-dated Cheque pre-authorized debit (PAD), in the amount of the loan and the total cost of borrowing
3) That in the event of default the Borrower shall pay a default charge of $25.00. This charge is payable only once per loan per loan , and the interest shall be charged on the outstanding principal balance at the rate of the 30% per annum, until paid in full.
4) Borrower’s right to Cancel- A borrower shall have the right to cancel the Loan, without reason or cost, at any time before the end of the business day following the date that the payday loan agreement was entered into Business hours are 9am-5pm Monday to Friday. To cancel the Loan the Borrower must complete and deliver the Notice of Cancellation in the form set out. Below by email or in person to Suite 701, 2010 11 th Avenue, Regina , Saskatchewan, S4P 0J3 along with full payment by certified Cheque or by email money transfer. Upon cancellation and repayment of the loan we will provide the Borrower with a receipt in the form set out below.
Notice: Ontario Payday Loan License
Notice: British Columbia Loan License
Payor 'S PAD AGREEMENT
Payor 'S PAD AGREEMENT Personal Pre-Authorized Debit Plan Authorization of the Payor to the Payee to Direct Debit an Account |
Instructions: 1. Please complete all sections in order to instruct your financial institution to make payments directly from your account. 2. Please sign the Terms and Conditions on the reverse of this document. 3. Return the completed form with a blank cheque marked "VOID" to the Payee at the address noted below 4. If you have any questions, please write or call the Payee. |
PAYOR INFORMATION (Please type or print clearly)
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PAYOR FINANCIAL INSTITUTION/BANKING INFORMATION (Please type or print clearly)
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PAYEE INFORMATION (Please type or print clearly)
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PAYMENT INFORMATION (Please type or print clearly)
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PAYOR'S PAD AGREEMENT
Personal Pre-Authorized Debit Plan
Terms & Conditions
1. | In this Agreement , I, me and my refers to each Account Holder who signs below. |
2. | I agree to participate in this Pre-Authorized Debit Plan for personal/household or consumer purposes and I authorize the Payee indicated on the reverse hereof and any successor or assign of the Payee to draw a debit in paper, electronic or other form for the purpose of making payment for consumer goods or services (a Personal PAD) on my account indicated on the reverse hereof (the Account) at the financial institution indicated on the reverse hereof (the Financial Institution), or any financial institution that I may have accounts with, and I authorize the Financial Institution to honor and pay such debits. This Agreement and my authorization are provided for the benefit of the Payee and my Financial Institution and are provided in consideration of my Financial Institution agreeing to process debits against my Account in accordance with the Rules of the Canadian Payments Association. I agree that any direction I may provide to draw a Personal PAD, and any Personal PAD drawn in accordance with this Agreement, shall be binding on me as if signed by me, and, in the case of paper debits, as if they were cheques signed by me. |
3. | I may revoke or cancel this Agreement at any time upon notice being provided by me either in writing or orally. I acknowledge that in order to revoke or cancel the authorization provided in this Agreement, I must provide notice of revocation or cancellation to the Payee. This Agreement applies only to the method of payment and I agree that revocation or cancellation of this Agreement does not terminate or otherwise have any bearing on any contract that exists between me and the Payee. |
4. | I agree that my Financial Institution is not required to verify that any Personal PAD has been drawn in accordance with this Agreement, including the amount, frequency and fulfillment of any purpose of any Personal PAD. |
5. | I agree that delivery of this Agreement to the Payee constitutes delivery by me to my Financial Institution. I agree that the Payee may deliver this Agreement to the Payee's financial institution and agree to the disclosure of any personal information which may be contained in this Agreement to such financial institution. |
6. |
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--OR-- |
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7. | I agree that with respect to Personal PADs, where the payment frequency is sporadic, a password or secret code or other signature equivalent will be issued and shall constitute valid authorization for the Payee or its agent to debit my account. |
8. |
I may dispute a Personal PAD by providing a signed declaration to my
Financial Institution under the following conditions: |
9. | I certify that all information provided with respect to the Account is accurate and I agree to inform the Payee, in writing, of any change in the Account information provided in this Agreement at least ten (10) business days prior to the next due date of a Personal PAD. In the event of any such change, this Agreement shall continue in respect of any new account to be used for Personal PADs |
10. | I warrant and guarantee that all persons whose signatures are required to sign on the Account have signed this Agreement below. In addition I warrant and guarantee, where applicable, that I have the authority to electronically agree to commit to this Agreement by secure electronic signature and that my secure electronic signature conforms with the requirements of Rule H1. |
11. | I understand and agree to the foregoing terms and conditions. |
12. | I agree to comply with the Rules of the Canadian Payments Association or any other rules or regulations which may affect the services described herein, as may be introduced in the future or are currently in effect and I agree to execute any further documentation which may be prescribed from time to time by the Canadian Payments Association in respect of the services described herein. |
13. | Any declined debits will only be attempted one additional time if declined on the first attempt for the loan amount within 30 days. |
___________________________ Name of Account Holder |
___________________________ Signature |
___________________________ Date |
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___________________________ Name of Account Holder |
___________________________ Signature |
___________________________ Date |
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