Common use of Validity of Information Clause in Contracts

Validity of Information. 3.5.1 Notwithstanding any provision to the contrary in this Agreement and the Desjardins Payment Services Agreement, the Merchant shall act as the Federation’s agent to the extent required by law, including the Proceeds of Crime (Money Laundering) and Terrorist Fi- nancing Act, for the purposes of verifying the identity of the Merchant’s customers who are not Cardholders of Desjardins Credit Cards, as well as for any other purpose provided for by law. The Merchant’s obligations as the Federation’s agent pursuant to Paragraph 3.5.1 are more fully detailed in the Guides and Instructions, including further clarification on the identification documents to be examined or verified and the information to be sent to the Federation. 3.5.2 The Merchant is responsible for complying with the customer identification procedure and for the accuracy of the information collected in accordance with Paragraph 3.5.1 above, and for the accuracy of any other information provided by the customer on the application for financing under the Accord ▇ ▇▇▇▇▇▇▇▇▇▇ Financing Service, including, where applicable, for the issuance of a Desjardins Credit Card. In this regard, the Merchant shall be liable for any damage incurred by the Federation in connection with the information it provides.