Deposit Protection Sample Clauses
The Deposit Protection clause is designed to safeguard the funds paid by a buyer or tenant as a deposit in a transaction. Typically, this clause requires that the deposit be held in a secure, neutral account—often managed by a third party such as an escrow agent or a government-approved scheme—until certain conditions of the agreement are met. By ensuring that the deposit cannot be misused or wrongfully withheld, this clause protects both parties' interests and helps prevent disputes over the return or forfeiture of the deposit.
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Deposit Protection. Funds in your account(s) with the Credit Union are insured by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States. The amount of insurance coverage you have depends on the number of accounts you have with us that are of different "ownership." An individual account is one unique form of "ownership"; a joint account, a beneficiary/trust account, and a self-directed qualified retirement account (e.g. an ▇▇▇) are examples of some of the others. Share insurance for a person's self-directed qualified retirement account is up to
Deposit Protection. The Credit Union is committed to providing a safe and sound capital structure through the retention of earnings to guarantee the protection of our members’ deposits. In addition to the strength of our capital, depositors’ funds are insured to $250,000 per depositor by the National Credit Union Share Insurance Fund. This insurance coverage applies to the total of a person’s funds in checking, investment and savings deposits and certificates of deposit. Member service personnel are available to discuss protection for your deposits in excess of $250,000.
Deposit Protection. The Bank is committed to providing a safe and sound capital structure through the retention of earnings to guarantee the protection of our customers’ deposits. All of a depositor’s accounts at an insured depository institution will be insured by the FDIC up to the Standard Maximum Deposit Insurance Amount (SMDIA) of $250,000 for each deposit insurance ownership category. Insurance coverage applies to a person’s funds in checking, savings deposits, certificates of deposit, and bank money market accounts, as well as bank Individual Retirement Accounts. Bank personnel are available to discuss protection for your deposit accounts. For more information about FDIC insurance go to ▇▇▇.▇▇▇▇.▇▇▇ or call ▇.▇▇▇.▇▇▇.▇▇▇▇ (▇.▇▇▇.▇▇▇.▇▇▇▇).
Deposit Protection. If the landlord asks for a deposit, check that it will be protected in a government approved scheme. Some schemes hold the money, and some insure it. You may be able to access a bond or guarantee scheme that will help you put the deposit together. Contact your local authority for advice. □ You may be offered a deposit replacement product as an alternative to a cash deposit. A landlord or agent cannot require you to use a deposit replacement product but may allow it as an option without breaking the Tenant Fees Act. There are several different deposit replacement products available on the market. Depending on the product, you may be required to pay a non- refundable fee up-front (often equivalent to one week’s rent) and/or a monthly payment for the duration of your tenancy. With most products you will still be responsible for the costs of any damages incurred at the end of the tenancy or required to pay an excess on any claim for damages or unpaid rent. It is strongly advised to always check the terms and conditions and to see if it is regulated by the Financial Conduct Authority (FCA). □ Length of tenancy. There is usually a fixed period of 6 or 12 months. If you want more security, it may be worth asking whether the landlord is willing to agree to a longer fixed period. Alternatively, you may be offered a weekly or monthly assured shorthold tenancy which does not last for a fixed period. Even with those tenancies, however, the landlord must allow you to stay in the property for a minimum of 6 months. □ Smoking and pets. Check if there are any rules about them, as well as for other things such as keeping a bike, dealing with refuse and recycling. □ Bills. Check who is responsible for bills such as electricity, gas, water and council tax. You or the landlord? Usually the tenant pays for these. Advice on paying bills is available here. □ Fixtures and fittings. Check you are happy with them, as it is unlikely that you will be able to get them changed once you have moved in. □ Smoke alarms and carbon monoxide detectors. Landlords must have at least one smoke alarm installed on every storey of a property they let out. In addition, if you have solid fuel appliances like wood burning stoves or open fires, check carbon monoxide detectors must be provided. If not, your landlord must install them. They could save your life.
Deposit Protection. Members’ funds are insured to $250,000 per member by the National Credit Union Share Insurance Fund in accordance with the terms and conditions of the National Credit Union Administration’s (NCUA) Rules and Regulations. Under the NCUA’s Rules and Regulations, up to $250,000 in deposit insurance will be provided for the money a Member has in a variety of accounts. In addition, Individual Retirement Accounts and other retirement accounts will be protected under the new rules to $250,000 and are insured separately from other accounts at the same Credit Union that will continue to be insured up to at least $250,000. Members exceeding the maximum level of coverage provided by NCUA may also be insured up to an additional $250,000 by insurance provided by Excess Share Insurance (ESI). Excess deposit insurance is payable only upon the failure and liquidation of the Credit Union. Please contact the Credit Union for more information. Additional coverage is available upon request from you at a nominal fee.
Deposit Protection. We will provide your details to the Tenancy Deposit Scheme (TDS) or a Deposit Protection Scheme of our choice in order to register the tenants deposit monies and protect it in accordance with the requirements of legislation. Housing Benefit Departments – We will provide your details to Housing Benefit Departments as and when it is required to help any new and existing benefit claims and payments. DRAFT
Deposit Protection. Merit Capital participates in the Belgian deposit and investor protection scheme. The “Protection Fund for Deposits and Financial Instruments” was established by the law of 17 December 1998. The new system applies to deposits and securities with all credit institutions, brokerage firms and asset management companies. The intention is to offer the customer, and more specifically the 'small saver', reasonable protection in the event that the bank or brokerage firm is no longer able to meet its obligations. The compensation is set at EUR 100,000 for deposits and EUR 20,000 for securities. The amount of the compensation is determined per person and not per account.
Deposit Protection. Legally all tenancy deposits must be protected using a registered tenancy deposit scheme (sometime called a deposit protection scheme). Within 30 days of handing over your deposit the landlord/ lady must protect it, and, by law, they must also give you specific information that confirms the deposit protection arrangements for your tenancy (sometimes called prescribed information). This information includes a certificate from the tenancy deposit scheme with a unique reference number on it, along with the names of all the tenants (or sometimes the lead tenant), the deposit amount and the details of your tenancy. Both you and your landlord/ lady should sign the certificate. It is important that this is kept safe as it may come in useful later on. Your landlord/ lady must also give you a copy of the scheme’s Information to tenants leaflet. For administrative purposes one of you will need to be listed as the Lead Tenant in all matters relating to deposit protection. The Lead Tenant is named as such on the certificate, signs the certificate and will be responsible for dealing with the scheme if the need arises. There are three government approved tenancy deposit schemes; they include: ♦ The Deposit Protection Service ♦ My Deposits ♦ TDS Landlords/ ladies are free to choose which one they want to use and from a tenant’s point of view they all offer the same protection. There are two types of schemes: A Custodial Deposit Protection Scheme takes the money from the landlord/ lady and holds it throughout the tenancy.
Deposit Protection. The deposit is safeguarded by the Tenancy Deposit Scheme, which is administered by: The Dispute Service Ltd Tel: ▇▇▇▇ ▇▇▇ ▇▇▇▇ West Wing, First Floor The ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇ Hemel Hempstead Fax: ▇▇▇▇▇ ▇▇▇ ▇▇▇ Herts ▇▇▇ ▇▇▇
Deposit Protection. The Condominium Act requires your builder to hold the deposit for your condominium unit in trust until the deposit is provided to the person entitled to it or the amount of your deposit is insured, as applicable. If your Agreement of Purchase and Sale is terminated by the builder, except as a result of the Purchaser’s default, your deposit must be returned to you in full within 10 days. If your deposit is not returned, you are still protected by Tarion for the return of your deposit, or portion that has not yet been returned, up to $20,000. This protection includes the money you put down towards upgrades and other extras. Your builder guarantees that your unit will be ready for you to move in by a date specified in the purchase agreement or a date that has been properly extended (if for certain reasons the original occupancy date cannot be met). You may be able to claim up to $7,500 from your builder in compensation if they do not meet the conditions for an allowable extension that are outlined in the Addendum to your Agreement of Purchase and Sale.