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Disclosure
Representation and Warranties:
The information contained in this statement is provided with the intent of the undersigned
to establish, modify or otherwise maintain an extension of credit from the credit
union. The undersigned acknowledges and understands that the credit union is relying
on information provided herein in deciding to grant or continue credit to the undersigned.
Each of the undersigned represents, warrants and certifies that the information
provided herein is true, correct and complete. Each of the undersigned agrees to
notify the credit union immediately and in writing of any change in name, address,
or employment and of any material adverse changes (1) in any of the information
contained in the statement or (2) in the financial condition of any undersigned
or (3) in the ability of any of the undersigned to perform its (or your) obligations
to the credit union. In the absence of such notice or a new and full written statement,
this should be considered as a continuing statement and substantially correct. If
the undersigned fail to notify the credit union as required above, or if any of
the information herein should prove to be inaccurate or incomplete in any material
respect, we may declare the indebtedness of the undersigned or the indebtedness
guaranteed by the undersigned, as the case may be, immediately due and payable.
The credit union is authorized to make all inquiries we deem necessary to verify
the accuracy of the information herein and to determine the creditworthiness of
the undersigned. The undersigned authorize any person or consumer reporting agency
to give information about our credit experience with the undersigned. As long as
any obligation or guarantee of the undersigned to the credit union is outstanding,
the undersigned shall supply annually an updated financial statement. This personal
financial statement and any other financial information that the undersigned gives
us shall be credit union property.
Commercial Use
Commercial Use: The undersigned certifies that any property and/or proceeds from
the proposed request will be used by the applicant for commercial purpose only and
not for any personal, family or household purposes, and that the proposed request
would constitute a business loan which is exempted from the disclosure requirements
of Regulation Z – Truth in Lending Act. The applicant agrees to indemnify and hold
lender harmless from any and all claims, loss or damage resulting or caused by the
request being subject to any of the provisions of the federal Consumer Credit Protection
Act (Truth-in-Lending Act) and Regulation Z. The undersigned certifies that he/she
has full authority to act on behalf of applicant in connection with the above referenced
credit request.
Permission to Obtain a Credit Report
By clicking on "I agree", you authorize us to verify the information you submitted
and to obtain credit reports concerning you. Upon your request, we will tell you
if a credit report was obtained and give you the name and address of the credit
reporting agency that provided the report. You warrant to us that the information
you are submitting is true and correct. By submitting this application, you agree
to allow us to receive the information contained in your application, as well as
the status of your application.
EQUAL CREDIT OPPORTUNITY ACT NOTICE
The Equal Credit Opportunity Act prohibits creditors from discriminating against
credit applicants on the basis of race, color, religion, national origin, sex, marital
status, age (provided that the applicant has the capacity to enter into a binding
contract); because all or part of the applicant's income derives from any public
assistance program; or because the applicant has in good faith exercised any right
under the Consumer Credit Protection Act. The federal agency that administers compliance
with this law concerning this credit union is: National Credit Union Administration,
Office of Consumer Protection (OCP), Division of Consumer Compliance and Outreach
(DCCO) , 1775 Duke Street, Alexandria, VA 22314. Phone - (703) 518-1141;
Fax - (703) 837-2460.
Right to Statement of Denial
If NWFCU denies your application for credit, you have the right to a written statement
of the specific reasons for the denial. To obtain the statement please contact NWFCU,
Business Services, 200 Spring Street, Herndon, VA 20170 or by phone at 703-709-8901
within sixty (60) days from the date you were notified of the Credit Union’s decision.
NWFCU will send you a written statement of reasons for the denial within thirty
(30) days of receiving your request.
