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If for any reason, one or more payments result in total payments on your Loan exceeding the Total of Payments set forth above
(including both principal amount and finance charges), we reserve the right to reject such payments either in part or in full, and
return the excess funds to you.
Automatic Payment Authorization. You authorize us to make your scheduled payments by automatically withdrawing such
amounts from your designated Bank of America, N.A. checking account # 000000000000254650988 on each payment due
date, or immediately after the scheduled payment due date, if the payment due date is on a Saturday, Sunday or legal holiday.
If you set up automatic payments, each automatic payment will occur on the due date, as long as there are sufficient funds to
cover the payment. If there are not enough funds to cover the payment on the due date, it will be cancelled and you are still
required to make the payment. If you make an additional payment before the scheduled automatic payment date, the automatic
payment will still occur on the due date, unless you cancel it in Online Banking. You agree that we may change or delete a
scheduled payment if the amount you authorized exceeds the amount you owe. To stop an upcoming automatic payment, you
can follow the directions in Online Banking or in our mobile app, or by contacting us at the telephone number listed on the front
of your checking account statement at least three (3) business days prior to the next scheduled payment due date. You
understand and acknowledge that you are not required to authorize automatic payments in order to obtain your Loan from us,
but are voluntarily providing your authorization.
Use of Electronic Records and Signatures. This is intended to be a digital-only Loan, which means all disclosures, documents,
account information or certain other information in connection with this Loan, or that you sign or agree to at our request
("Communications") may be presented, signed, delivered, and maintained in electronic form only. Your consent to our Online
Banking Electronic Communications Disclosure governs your consent to receive these Communications electronically. We
reserve the right, at our discretion, to send you Communications by mail. At the time Communications are presented, please
print or download and save a copy of the Communication to your device. You may, upon request, obtain a paper copy of this
Agreement within twenty-five (25) months of application by contacting the appropriate customer service unit listed on the front of
your checking account statement or visiting the "Contact Us" link on the Bank of America website.
Notices and Other Communications. We may provide Communications to you in English, even though we may have given you
account opening documents and disclosures in a language other than English. If you have questions about any of them or
difficulty reading English, please contact us at the telephone number listed on the front of your checking account statement.
Military Lending Act Disclosure. The following disclosure applies to persons covered by the Military Lending Act - other
governmental programs and laws may also govern or apply to this transaction but are not described in the following disclosure.
The following disclosure is required by the Military Lending Act.
Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of
consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not
exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: the
costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any
application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation
fee charged (other than certain participation fees for a credit card account).
Please call our dedicated Military Lending Act toll free number at 833.415.0072 with any questions or concerns (704.264.2615
for international collect calls).
Overdraft Setting, Overdraft Protection Service, and Fees. As a condition of entering into this Agreement, you agree to have
the overdraft setting for the Bank
of America, N.A. checking account you selected to receive the proceeds of this Loan ("your
checking account") set to the
Decline All Overdraft Setting. This setting is defined and described in the Deposit Agreement and
Disclosures governing your
checking account (“Deposit Agreement”). As such, if you do not have sufficient available funds in
your checking account (or any applicable Overdraft Protection plan) to cover a transaction, the transaction will be returned unpaid and
an NSF: Returned Item Fee may be charged. As set forth in the Payment Information section below, exceptions to the NSF:
Returned Item Fee may apply.
If a transfer is made from a linked account as part of an Overdraft Protection plan to cover a transaction, transfer fees may
apply. Overdraft Protection transfers from a line of credit or credit card may be subject to additional fees and accrue interest.
See the Deposit Agreement for related fees and terms.
The Decline All Overdraft Setting will remain in place on your checking account for as long as this Loan remains in effect. Once
the Loan is paid in full, you may contact us - at the telephone number listed on the front of your checking account statement or
by visiting your local financial center - to request a change to the overdraft setting on your checking account to the Standard
Overdraft Setting. Otherwise, your checking account will remain in the Decline All Overdraft Setting.
Additional Terms to Loan Agreement
This document, and any future changes to it, is your contract with us. This Agreement governs your Loan issued by Bank of
America, N.A.
Governing Law. This Agreement is made in North Carolina and we extend credit to you from North Carolina. This Agreement is
governed by the laws of the State of North Carolina (without regard to its conflict of laws principles) and by any applicable
federal laws.
Amendments. We reserve the right to amend this Agreement at any time, by adding, deleting, or changing provisions of this
Agreement. All amendments will comply with the applicable notice requirements of federal and North Carolina law that are in