Terms and Conditions for Enrollment in UHC’s Online ...

[Pages:2]Terms and Conditions for Enrollment in UHC's Online Payment System

By enrolling in Utah Housing Corporation's (UHC) Online Payment System, you are authorizing UHC to withdraw (ACH debit) your mortgage payment(s) and any additional funds you request from your financial institution. Additional principal payment amounts will be limited to a maximum of $1,000.00 per payment transaction.

By enrolling in UHC's Online Payment System, you have read and acknowledge that you agree to the following:

1. The total payment amount you designated will be posted to your loan on the date selected and drafted from your banking account as an ACH debit. Online payments made before 3:00 p.m. Mountain Time will be posted to your loan the same day. Payments made after 3:00 p.m. Mountain Time will post to your loan the next business day. Future One Time Payments post to your loan on the scheduled date. Three (3) months of One Time Future Payments can be scheduled if your loan is current. Recurring Payments are posted to your loan on the selected date each month until cancelled. Payments scheduled on a weekend or holiday will process the next business day.

2. Your mortgage payment is due on the 1st of each month, with a 15 day grace period. Scheduled payment options are only available for current loans between the 1st and the 15th of each month. If you need to make an online payment after the 15th you must choose the "Make A Payment Now" option.

3. You are required to keep your user profile updated with current personal and banking information. Changes to your e-mail address and banking information can be made online. All other changes must be provided to UHC in writing and may require supporting documentation. Online changes are immediate and will affect future payments. UHC will not be liable for any processing errors, fees, late fees, or delinquency incurred if the payment cannot be processed because the banking information you provided is not accurate. In the event UHC is advised by your financial institution your transit number has been updated, we will make the necessary adjustments to ensure your payment will draft.

4. In addition to notification within the Online Payment System, you agree to allow UHC to send you periodic email notifications regarding your loan to the e-mail address listed in your online profile. Your email address will only be used in conjunction with your UHC loan. You will automatically receive an e-mail notification when a scheduled payment is posted to your loan. You have the option to receive an e-mail reminder 5 days before a scheduled payment is processed. You can choose to opt in or out for email reminders at any time. It is your responsibility to monitor your payment options and the status of your loan(s). You are responsible to ensure your payments are current, failure to monitor your loan(s) may result in

1

Terms and Conditions for Enrollment in UHC's Online Payment System

late fees and/or negative credit reporting if you are unaware a payment did not post due to NSF or other banking issues. 5. You may cancel scheduled payments by following the directions within the Online Payment System. Payments cannot be cancelled once UHC begins daily processing and will post to your loan as initially requested. 6. You have the option to discontinue use of the Online Payment System at any time and make your payments via other available methods. 7. Non-use of your UHC profile does not cancel your enrollment for UHC's scheduled payments and you must delete any scheduled payments in your profile if you no longer want to participate 8. UHC recommends you retain a copy of these terms and conditions. A copy may be obtained by contacting our office at 801-902-8250 or toll free at 800-344-0452, if you are unable to print or save it as a PDF to your computer. 9. UHC reserves the right to suspend or terminate your ability to make online payments at any time. In the event access is denied, a system note will provide information as to the reason. Neither suspension nor termination shall affect your liability or obligations to repay your loan(s). 10. In the event you have received a discharge in a bankruptcy proceeding, UHC acknowledges that fact. UHC is required to provide you with certain information in connection with your use of the Online Payment System. This communication shall be provided for information purposes only and is not an attempt to collect on a debt.

2

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download