Common use of Representative ▇▇▇▇▇ Accounts Clause in Contracts

Representative ▇▇▇▇▇ Accounts. The representative payee agrees to be bound by the terms of the Account Agreements and to furnish us, upon request, a copy of the written SSA authorization designating the representative payee and such other documents and authorizations as we may deem necessary or appropriate. In opening a representative payee account, the Credit Union acts only as a depository for the Beneficiary’s SSA or SSI funds, and is under no obligation to act as a fiduciary or to inquire as to the powers or duties of the representative payee.

Appears in 4 contracts

Sources: Membership Account Agreement, Membership Agreement, Membership Account Agreement

Representative ▇▇▇▇▇ Accounts. The representative payee agrees to be bound by the terms of the Account Agreements this Agreement and to furnish us, upon request, a copy of the written SSA authorization designating the representative payee and such other documents and authorizations as we may deem necessary or appropriate. In opening a representative payee account, the Credit Union acts only as a depository for the Beneficiarybeneficiary’s SSA or SSI funds, and is under no obligation to act as a fiduciary or to inquire as to the powers or duties of the representative payee.

Appears in 1 contract

Sources: Membership Agreement

Representative ▇▇▇▇▇ Accounts. The representative payee agrees to be bound by the terms of the Account Agreements and to furnish us, upon request, a copy of the written SSA authorization designating the representative payee and such other documents and authorizations as we may deem necessary or appropriate. In opening a representative payee account, the Credit Union acts only as a depository for the Beneficiary’s SSA or SSI funds, and is under no obligation to act as a fiduciary or to inquire as to the powers or duties of the representative payee.and

Appears in 1 contract

Sources: Membership Account Agreement