Common use of Changes or Amendments Clause in Contracts

Changes or Amendments. Wemay change or amend this Agreement and Rules at any time, and you will be bound by those changes and amendments, as well as all past changes and amendments, once you make a transaction on or otherwise use an existing account or renew an existing Time Deposit Account. All new accounts, including Time Deposit Accounts, are governed by the Agreement and Rules in existence when the account is opened, until changed or amended. Unless otherwise required by law, any changes may be communicated by posting notice in our branch offices, by sending written notice to you by mail to your last known address, or by sending information with your periodic statement. Advance written notice of changes will be given when required by law. Your account will be considered "inactive" if you have not initiated any activity to your account (or a Time Deposit that has matured), corre- sponded with us concerning the account, or engaged in another deposit, credit, or trust relationship with us during a reasonable period of time. If your account is inactive, we may close the account, and if applicable, charges may be assessed (see current BANKING SERVICES AND FEES). The account is presumed abandoned after three years of inactivity, and the funds will be remitted to the State of Maryland or other appropriate jurisdiction in accordance with the Maryland Uniform Disposition of Abandoned Property Act. Interest earned on your account may be subject to withholding for federal income tax if we receive notice from the IRS, or you fail to provide us with your certified TIN. This is an "at will" relationship. You or the Bank can close an account in compliance with whatever restrictions on length of deposit or notice of withdrawal that might be imposed by federal regulations or by the terms for that account. The Bank may discontinue its relationship with you without disclosing a reason. If we decide to close your account, we will send you a check for the balance in the account to the address in our records. Should an account be closed at any time and later reopened, the reopened account will be subject to all the terms and conditions in this Agreement. Your ability to use your account or withdraw funds may be restricted if the account or funds are subject to legal proceedings. You agree to reimburse us for any fees, expenses, and reasonable attorney's charges that we pay as the result of such legal proceedings, such as the cost of responding to subpoenas issued in litigation to which you are a party but in which the Bank is not a party. We can use the money from any account you have with us to pay your indebtedness to us, whether related to your deposit or loan accounts with us. If one or more joint owners is indebted to us, we can use any funds in any joint account to pay such indebtedness (even if you didn't create the indebtedness or receive the direct benefit). However, this contractual right of offset does not apply to any debt arising from a consumer transaction subject to the federal Truth-in-Lending Act, inwhich an offset is expressly prohibited by that Act or its regulations, or to an IRA, tax-deferred retirement account, or educational savings account, or if the person who owes us the debt is not an owner of the account but only an authorized signer. PLEASE READ THIS PROVISION OF THE AGREEMENT CAREFULLY. IT PROVIDES THAT EITHER YOU OR WE CAN REQUIRE THAT ANY CONTROVERSYOR DISPUTEBE RESOLVED BYBINDINGARBITRATION. ARBITRATION REPLACES THE RIGHT TO GO TO COURT, INCLUDING THE RIGHT TO A JURY AND THE RIGHT TO PARTICIPATE IN A CLASS ACTION OR SIMILAR PROCEEDING. IN ARBITRATION A DISPUTE IS RESOLVED BYA NEUTRALARBITRATOR INSTEAD OF A JUDGE OR JURY. ARBITRATION PROCEDURES ARE SIMPLER AND MORE LIMITED THAN RULESAPPLICABLEIN COURT.

Changes or Amendments. Wemay We may change or amend this Agreement and Rules at any time, and you will be bound by those changes and amendments, as well as all past changes and amendments, once you make a transaction on or otherwise use an existing account or renew an existing Time Deposit Account. All new accounts, including Time Deposit Accounts, are governed by the Agreement and Rules in existence when the account is opened, until changed or amended. Unless otherwise required by law, any changes may be communicated by posting notice in our branch offices, by sending written notice to you by mail to your last known address, or by sending information with your periodic statement. If you have consented to receive electronic notices from us, we can provide notice of changes to this document electronically. Advance written notice of changes will be given when required by law. Your account will be considered "inactive" if you have not initiated any activity to your account (or a Time Deposit that has matured), corre- sponded corresponded with us concerning the account, or engaged in another deposit, credit, or trust relationship with us during a reasonable period of time. If your account is inactive, we may close the account, and if applicable, charges may be assessed (see current BANKING SERVICES AND FEES). The account is presumed abandoned after three years of inactivity, and the funds will be remitted to the State of Maryland or other appropriate jurisdiction in accordance with the Maryland Uniform Disposition of Abandoned Property Act. Interest earned on your account may be subject to withholding for federal income tax if we receive notice from the IRS, or you fail to provide us with your certified TIN. This is an "at will" relationship. You or the Bank can close an account in compliance with whatever restrictions on length of deposit or notice of withdrawal that might be imposed by federal regulations or by the terms for that account. The Bank may discontinue its relationship with you without disclosing a reason. If we decide to close your account, we will send you a check for the balance in the account to the address in our records. Should an account be closed at any time and later reopened, the reopened account will be subject to all the terms and conditions in this Agreement. Your ability to use your account or withdraw funds may be restricted if the account or funds are subject to legal proceedings. You agree to reimburse us for any fees, expenses, and reasonable attorney's charges that we pay as the result of such legal proceedings, such as the cost of responding to subpoenas issued in litigation to which you are a party but in which the Bank is not a party. We can use the money from any account you have with us to pay your indebtedness to us, whether related to your deposit or loan accounts with us. If one or more joint owners is indebted to us, we can use any funds in any joint account to pay such indebtedness (even if you didn't create the indebtedness or receive the direct benefit). However, this contractual right of offset does not apply to any debt arising from a consumer transaction subject to the federal Truth-in-Lending Act, inwhich an offset is expressly prohibited by that Act or its regulations, or to an IRA, tax-deferred retirement account, or educational savings account, or if the person who owes us the debt is not an owner of the account but only an authorized signer. PLEASE READ THIS PROVISION OF THE AGREEMENT CAREFULLY. IT PROVIDES THAT EITHER YOU OR WE CAN REQUIRE THAT ANY CONTROVERSYOR DISPUTEBE RESOLVED BYBINDINGARBITRATION. ARBITRATION REPLACES THE RIGHT TO GO TO COURT, INCLUDING THE RIGHT TO A JURY AND THE RIGHT TO PARTICIPATE IN A CLASS ACTION OR SIMILAR PROCEEDING. IN ARBITRATION A DISPUTE IS RESOLVED BYA NEUTRALARBITRATOR INSTEAD OF A JUDGE OR JURY. ARBITRATION PROCEDURES ARE SIMPLER AND MORE LIMITED THAN RULESAPPLICABLEIN COURT.

Changes or Amendments. Wemay We may change or amend this Agreement and Rules at any time, and you will be bound by those changes and amendments, as well as all past changes and amendments, once you make a transaction on or otherwise use an existing account or renew an existing Time Deposit Account. All new accounts, including Time Deposit Accounts, are governed by the Agreement and Rules in existence when the account is opened, until changed or amended. Unless otherwise required by law, any changes may be communicated by posting notice in our branch offices, by sending written notice to you by mail to your last known address, or by sending information with your periodic statement. If you have consented to receive electronic notices from us, we can provide notice of changes to this document electronically. Advance written notice of changes will be given when required by law. Your account will be considered "inactive" if you have not initiated any activity to your account (or a Time Deposit that has matured), corre- sponded corresponded with us concerning the account, or engaged in another deposit, credit, or trust relationship with us during a reasonable period of time. If your account is inactive, we may close the account, and if applicable, charges may be assessed (see current BANKING SERVICES AND FEES). The account is presumed abandoned after three years of inactivity, inactivity and the funds will be remitted to the State of Maryland or other appropriate jurisdiction in accordance with the Maryland Uniform Disposition of Abandoned Property Act. Interest earned on your account may be subject to withholding for federal income tax if we receive notice from the IRS, or you fail to provide us with your certified TIN. This is an "at will" relationship. You or the Bank can close an account in compliance with whatever restrictions on length of deposit or notice of withdrawal that might be imposed by federal regulations or by the terms for that the account. The Bank may discontinue its relationship with you without disclosing a reason. If we decide to close your account, we will send you a check for the balance in the account to the address in our records. Should an account be closed at any time and later reopened, the reopened account will be subject to all the terms and conditions in this Agreement. Your ability to use your account or withdraw funds may be restricted if the account or funds are subject to legal proceedings. You agree to reimburse us for any fees, expenses, and reasonable attorney's charges that we pay as the result of such legal proceedings, such as the cost of responding to subpoenas issued in litigation to which you are a party but in which the Bank is not a party. We can use the money from any account you have with us to pay your indebtedness to us, whether related to your deposit or loan accounts with us. If one or more joint owners is indebted to us, we can use any funds in any joint account to pay such indebtedness (even if you didn't create the indebtedness or receive the direct benefit). However, this contractual right of offset does not apply to any debt arising from a consumer transaction subject to the federal Truth-in-Lending Act, inwhich an offset is expressly prohibited by that Act or its regulations, or to an IRA, tax-deferred retirement account, or educational savings account, or if the person who owes us the debt is not an owner of the account but only an authorized signer. PLEASE READ THIS PROVISION OF THE AGREEMENT CAREFULLY. IT PROVIDES THAT EITHER YOU OR WE CAN REQUIRE THAT ANY CONTROVERSYOR DISPUTEBE RESOLVED BYBINDINGARBITRATION. ARBITRATION REPLACES THE RIGHT TO GO TO COURT, INCLUDING THE RIGHT TO A JURY AND THE RIGHT TO PARTICIPATE IN A CLASS ACTION OR SIMILAR PROCEEDING. IN ARBITRATION A DISPUTE IS RESOLVED BYA NEUTRALARBITRATOR INSTEAD OF A JUDGE OR JURY. ARBITRATION PROCEDURES ARE SIMPLER AND MORE LIMITED THAN RULESAPPLICABLEIN COURT.