HomeMy WebLinkAbout94-07079
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JOEL STEINMAN, ESQUIRE
~Attorney I.D. H62042~
;MELVYN S MANTZ & ASSOCIATES,
25 E. state Street ..
Doylestown, PA 18901
(215 348-5200 .
AT~ORNEY FOR PLAINTIFF
P.C.
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~~c RECEIVABLES ~AGEMENT,:INC.,
AS, SUCCESSOR TO THE INTEREST OF
CHEMICAL BANK Plaintiff
P.l). BOX 900(1'
'VALLEY FORGE, PA 19485
.,. VS. "..":
WUET RAM CHIU' . ~
917 WOODLAND DRIVE . " DefeJ;ldant
~MOI{NE, PA 17043-1211'"
CUMBERLAND COUNTY
COURT OF COMMON PLEAS
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NO.
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CIVIL ACTION
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.': 1. The Plaintiff 1s .ECC Receivables Management, Inc., as
successor to th~ int~~est'of Chemical Bank, with a business address
of P.O. Box 9000; Volley Forge, PA 19485.
2. The Defendant is ~uet Kam Chiu, with a place of residence
located at 917 Woodland Drive, Lemoyne, PA 17043-1211.
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3. At the reguest of the Defendant, Chemical Bank of New
Jersey issued' to Defendant a Visa credit card; card #4260-095-114-
357 and at al~timdb,-relev~nt hereto, Defendant was the holder of
said card issued through Chemical Bank. A true and correct copy of
Defendant's applicatiofi for such credit card is attached hereto,
made'a part hereof, und marked Exhibit "A".
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4. D;fendant, uRon a~ceptance and use of the credit card,
.agreed to be bound by.the \erms and conditions of Chemical Bank's
revolving credit pIan. A t~ue and correct copy of said Agreement
is attached hereto, made' ii'" part hereof and marked Exhibit "B".
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. 5. The Defen~~ht su~sequently used the said credit card and
incurred charges to "he ~umof $3,883.02 as of May 8, 1992. A true
and correct copy of ;>~ Statement of Defendant's Account is attached
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"Authorized U9Dr" moans any pOloon ~u 8ulhorizo 10 oblain Advance
loan!J on '11'ur Acx:ounl. N. )'Uur r()1ues!, W'J wllI issuo, an addlltonal Card
in)-OOr name with ~ur .Account mm1bor lor each AuthollZod U!.Cf You SO'CO
10 be obligated let aU crodlt oblair-.Jd by AuthorIzed Usor'i 8S i1lhat credit
'Mlro obtained by "'U
'I4.vailablB CroOt Limit" is oqualto tho Maximum Crodlt Um~ tC5S all billed
Advance loans. Finance Charges, lnto Chargos and Insuranco Foes and
unb;lted Advance loans and authollzations
A "Cash Advanco" OCCUIS whon tho Card is presented at ono of our 01.
Ilces or other authorIzed localions or Insbtutions to obtain cash. or 10 mnko
a transfur or payment rrom your k.countlO nny other deposit or loan ac.
counl v.ilh us or Yotlen tho Card is used at an au1omatoo tellor machlno ("ATM')
localion to oblain Cash Advances from us. Cash Advances aro ovidlJoced
by Cash Advonco sliPS, checks. ATM rocelpla and olher torms of written
au1horilallon upon whtdl ~ and Vt1J may aoreo. Cash Advances arc posted
10 your kcounl Btthe timo wo honor yaJf WHt1en aulhOl'izatlon,
A Cash Advanco may also bo oljalnod through ltm usc! 01 Cn~h Advance
Checks 'rou may roquoS1 or ~ may issuo ono or more Cash Advance Checks
which >'Uu may 1I50 from timo 10 limo thai will bo dlnrgod as a Cash Ad.
vance against your kcounl. 'rou oorco Ihal each Cash Advanco Chock may
be used only by tho porson(s) whoso namo(s) Is imprinted on it. You mol'
nol use a Cosh Advance Check 10 pay any amounts O'NCd under Ihls Agreo.
ment. You will not roques11o certify or slop paymenl on Rny Cosh Advnnco
Check. We may use our discretion C1thur 10 honor or rejcel any Cash Ad.
vance Check iI you are in dolaull of any proviSion ollhis Agreemenl or any
othor agreement you have With us
II you havo received apP/(Mllfrom lho Amelican Express Compnny for
an American Expless Gold COld. you m.1y 0150 obtain Cash Advonces.
1. By purchasing American Express Tra>(Jlcrs Cheques and pre<'..cnting your
American Express Gold Card. We.....,U dlargo '11'ur American Express Line
01 Crodlt for Ihe purd1asc. but it must 00 for at loasl SIOOOO and nol moro
Ih.n $1.000.00 .
2. By requesting us to pay all or a part of the balance due on your Amer~an
Express Gold Card kcount as shawn on your mor.lhly Slalement of
charges. Your request must be lor alloast $10000.
3, By having American Express drafts rDrarts') issued on your behalf, which
will be charged 10 your American Express Line of Credit.
Use oIlh. Am.rican Expr.ss Gold C.rd .nd Issu.nc. cllh. Drults Is sub-
jec1lo your Amorican Express Gold Card Agreemenl with the American Ex.
press Company. Please refer to thai agrnement iI you have any questions
about your American Express Gold Card transacllons,
A "PrIvilege Checklng/CNerdrofl Banking Advance" occurs when)tlu draw
check1, authorize any c:hargo~, transter funds to your chocking account or
oblaln cash 01 any participating ATMs against the balanco then on deposit
in your checking account illhal transac~on ovordra'o\lJ Iho deposit balanco
In your checking account. We will transfar lunds Irom your Account to your
checking account up 10 the limit for which you hlJw been auUlorized.
A "Puteh.se" occur> wIl.n Ih. Ma~erC.rd. Gold Ma~erC.rd. VISA or VISA
GOLD card is presented or your keaunt number is giVtln In person, by mail
or ovar Ihe phone 10 a participating MastorCard, Gold MasterCard, VISA.
or VISA GOLD merchanllo purchase or lease goods or services. Purchases
8r8 evidenced by salcs &lips ("SalesSlips'l or other lorms of written Oulhorizn.
tion upon which )OU and ~ may agroe, Purchases ara posted to )tIur h:,"
count after we pay tho mercnanl for the Purchase
"Maximum Credit Limit" means Ihe maximum amounl 01 credit Ihal wo
will exlend to you undor each kcounl ~u ha'.11 with us Maximum Crodlt
LimIt equals principal loss inleresl. tale dlarges and insurance lees Wo WIll
edvi$O rou of Ihis limit on ~w Monlhly Bilhno Stalement ("Monthly Billing
Statement'lln no evonl will thai amount (vA1en addod logother WIth tho crodit
'M) extend ~'OU under olOOr credit card or klvar.co Loan kcount Agreements)
excoed Iho maxilTKJm amount allcwcd by law
If 00 approw )0.11 usa 01 the Card above ~r Maximum Cred,1 Limit (which
'NO do nol have to do), you Will pay us the amounl above '1'Our Maximum
Credll Umll on dlYTland II you okCcod your MalO;imum Crodll Limll, 'rOO agreo
to pay the amount above your Maximum ClCctll Limll plu!; any o!'.sociatcrl
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OWl limit Service Fllo MJ may Impose. We can Indudo lho amounl ab<MJ
tho Maximum Crooit Limit with)Uft' '-i..mrn PurdlBso ~ent or Minimum
Cash Advance Payment 6flOYm on)QJf Monthly Billing Stalemenl We can
review your uso cllhe Card atarTi limo and Incroase or dcclca~o your Max:
Imum Crodlllim~. Wo will OOlfy)Q.l of any chango by regular mOil scnlto
tho address you ha'vtJ giwn us. . , ~;.
You .g,ee you ~II nol aIIOW)<lU' unpaid kcounl balanc. of prl",ip.11'...
Inlerest, lato charges and minimum has to e:cood ~ Mux.lmum Crodlllim~.
In case It Is oxcocdod. v.e haW) tho option of honoring ~r requestlKt Itan-'
Mctlon or rojocUng It. II 8 chock Of draft is relurned becau&o ~ ~utd haw'
oxceedod ~ur MnxlmllTl Crodill.kn~, U honored, you will be charged oUr
provniling ovordrolt chargo than in effoct. 'roo can apply lor an Increaso In
your approved credit line 8t BrTi Ume. ~t.;' \:'
"Monthly Billing Statement" moans 0 Gtnlemont cA your .Account which \WI
send .Ilhe end of mOrlhly biDing C)dea If you have .ny debit b.'are. or
a credit balanco In oxcoss of "'.00 on)'OUr Axount during arrl billing ~ID
or if a Iinance chargo hos boon Imposed, 'NO will6t.'fld ~u a Monthly DIlling
Statomenl showlng tho &lotus of )OUr Account.
"Now Balance" means tho total balance due ot tho end of the monlhly,
billing ~Ie. ';
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CHARGE~ .. ' >".
You agree 10 pay US a finance c:hargo f'Anance Chargo') when(Mlr you
oblaln crodil on ~r Account: Annnco Chargo Is earned 'rom Ihe lime a
Cash Advance or Privilogo CheckIng/Owrdron BankIng .Advance Is posted
10 your kcounl until It is paid In tun. _ ",:
No Finance Charge will bo Imposed on ~r new Purchases tor 8 billing
~Io In which there is no provlauo balan:o BS long as you make yqur pav:~
menl ~ tho payment duo dalo appearing on ){MJr Monlhly Billing Statemen.:!
No Finance Charge wll be Imposed on)OUr new Purchases for 8 billing cij.:
cl. In wIllch your paymenls .nd crod"~s equal or exceed lh. previous Put.;
chaso balance. . '. I., .~~[
We ligur. . portion clthe FiIlllllCi. Charg. by .pp1ying . d.lly perlod'J'
,.1.10 Ih. .....r.ge dally baI.nce iAlI9nlgB D.lly Bal."""') 01 you, Aceount.'
Awrsg. D.lly BaI.nces.ra figurad ilepwal.ly 10' Cash Advance..' Privllegii(
Chacking Advances, lMltdmft Barl<Jng Advancoa, and Puteh.....lncJuding"
cu".nllr.nsacllons. To gat .n A_ Dally B.I.nc,"'or .hh., Cash Ad:!
va"'... Prlvllag. Chccklng/OYlirduft Banking Adwncos or Purch.ses. .....
I.ka Ihe beginning balance cI)<lUI,f<xounl aach day. .dd .ny n"",lrsnsac)
lion.. .nd sublract .ny pa\Tn.nts Oi crod"ltS, '.nd Ur"flBld Finance Ch.rg..t-
this gl....s us dally balances sepaialaly ra Cash'Advatlciis, Privllag. Chac~:l
lng Adva",... OYIirdmft BanklnD Advanais, .nd.Porch..... Then. ...' .dd.'
up .lIth. dolly bal.nces lot lho bI]lng ~ lor each type cllmnsaC1lon .nal..
divld.lh.lot.,s by Ih. rumber cI days In tho biUlng Old.. This gl..... us Ihe':
sep.r.l. A....r.g. D.11y BaI.nces cI Cash Advances. Privllag. Chucking Ad;"
va",... OYIirdralt B.nklng Advances, arid Purch.......:' :.'
Tho D.lly P.riodlc Rale cI Finance Charge ..,; .pply 10 Ih. A....rsg. D.lly i:
Balanc.s cI Purchllsas jUldCash Advances Is .ll5<l25'H>. wIllch correspends"
10 .n ANNUAL PERCElfWlE IUl11! d 19J1%:. YarlcdiJit.s maY .pply lei r
Aceounls Ih.l.re pa~ d e spoc1al pI.n. R.les In of!ocI Will be disclosad 10.'
>'UU al the lime d appUcatlon. " " ,r-:.;
Fo, Privllag. Checking Adwnc:os, ... muhlply YOU' Awmg. Dally Bal.nce'.
by Ih. numbe, 01 days In Iho billing CjCla. We then muhlply Ihls wnounl by. ,.
tho Daily Periodic Rate or .04931% 10 arrive at tho Financo Chargo lor ~ur .
billing Old.. this corrosponds 10 BlJANNUAL PERCENTAGE RATE oI1B%J:~~
CARDHOLDER/SERVICE FEES . " .
'rou also 8groo to pay us an annual cardholder feo f'Cardholder Fee'l ~
$1500 lor each MastorCard and VISA Card keount 'NO Issue to you and:
$30,00 e.ch ye.r 10r.ac:\1 Gold MaslerCBtd .nd VISA GOLD C.rd Accounl;
we issuo 10 you, The Cardholdor Foe will be Imposed as a soparale chargo i
on your kcounl. For ChemPlus cuslomeru. tho fi~t year's foe tor one (1) .
MasterCard or VISA Card kcounl will be waived. Wo willlreat your relusnJ J
10 pay the Cardhdder Fcc as)OOr requDst 10 lermlnate your kcount. To Iho
extont pormiMcd bj law, you also aoreo 10 pay a Service Foo il 0) ~u c.xceed
your Maximum Crcditlimit. b) any paymenl on your .Accounl is returned lor
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any reason or c) Y.e return any Cash Advanco Checks lor anymltOOll. Thoro
,^l!l be no Annual membership 100 lor your Prlvlloge Chocking. Po:nJnt or
8rr; credrt cardslinkod 10 8 Scloct B.1nklng relationship 11 you roquoot copas
01 documonts, 8 research lea 01 $500 per copy will bo charged.,
PAYMENT
'1'bu agree 10 PO)' us all amounts borrowed undor this Agreemerl. pus tho
applicable Fl~noe Charge,lnsurance premIum and other emountn Iha1 ~
may CM1J uJ. ,
'1tlu understand you can pay the outstanding balanco d ~r kcoun! In
full at any lime without penally. You prcmiso thai you wit pay at least the
minimum payn'lont ~he -Minimum paymerO so thai paymBi wtn bet ruc:xiwd
by UII t)n or beforo Iho payment duo dalo appearing on your Monthly DIlling
Statement.
The Minimum P8yme~ lor Cash Advanoos, Purcho50S aOO PrMege Chock.
ing or Overdlsh Banking Advancos will bo Iho glcaler ol $10,000( 11~8 or
your Now Barancall your bnlBncois loss than $1000. you wij\ poythe tassor
amount. Your payments will be eppled liralto unpalJ Fmanco Charges and
Service Fees. neld 10 tho snnual Csrdholder Fee, next 10 billod CashhNancos
Of Privllego Chec~rlg/Ow(draft BankIng Adwnces, nold 10 bllted Purc:hascs.
nOllllo new Car.h Advances or Privilege Checking/Overdraft Banking M.
vanees and then 10 new Purchasos. Any payment in excess of the Minimum
Paymanl will be applied in 8 simitar manner.
\I you do not mako tho MinImum Paymenl lor Priviloge Chec:klngJOvor.
dra" Banking, )<Xl au\hO'~a us 10 pay" O\A a)<Xlr checking IlCCOOnl boIanoo
Arty large payments will not relievo you Irem your obligation 10 make the noxt
monthly Minimum Paymenl when due. as long as thoro is on outstanding
balanco. Deposits in your checking account shall nol be considered 89 pay.
menllCM'Brds the 101al outstanding balance on )tIur Privilego ChedrJng/OWr.
drall Banking Advances unless you Instruct us otherwiso. II p.I cwordraw on .
your checking accounttess than $10.00 '1\8 will cover the amount but we wlll
colloel paymenlln full from your checking accounl as 600n as the fu:nds Bte
available
All paymenls rrust be made in US. dolla.. and must be delMl<ed or manad
to uS at Ihe address indicated on )tIur Monthly Billing Statement. Paymonts
meda alSOYlhara may nol be posled on Ihe day receiwd but will be posted
promplly, nOllo "",oed 5 busine.. days. PayOlanl. madaln OIher than U.S.
dolla.. may ba 'olurnad 10 you wilhoul applying Ihem 10 )<Xlr 1<:coonl. ArTf
paymanl. mada using choci<s or dralt. may ba ralumed without applying
them 10)<Xlr Accounl ila slgn.lural. miS'lng,lha checl<ldralt I. postdalad,
the numsric amount is different than the wrinen amounl. or K 'hB checkldmft
io nO! mad. payablalo Chemical B.nk N... Jarsay No C.sh I'<Jwnce Cl1oti<s
will be accepted lor paymenllo your kcount.
LATE CHARGE
II any Minimum Payment Is unpaid fOl more than 15 days after the pay-
ment due dale 'shown on your Monthly Billing Statement and we do not
declare your Account in default. ')Ou agree to pay us a Lala Charge. Tho
lale Charge will bA 5% ollha Minimum Payment or SSOO, whichever Is less.
We will pol charge you more than one Lale Charge on any ono 1ale Minimum
Payment
CREDIT BALANCES AND OVERPAYMENTS
II thoro is a credit balance on your MasterCard, Gold MaslerCard, ~ISA
Of VISA GOLD Card Accounl. 01 )'Ou make an overpayment which creales
a credll balanco. we WIn rerund any credl balanco owed 10 you. II )'OU ask,
'M1 must scnd you tho credll balance outslanding BIlhaltime 10 you within
SPoIIsn (1) bUSIness da~ nrler your roquag. Even it you do not ask if 8 cred!1
balance gloBter than $100 remoms In )QUI Kcounllor moto thon sill (6)
month!!.. we Will automallcAlIy send yoll 1110 crcdll balance outstanding althal
wne
INSURANCE
II credit Me, dlSolbdlly. andlor lJnt!nlplo)'rnenl Insurance IS made aWllilblc
10 you and you QUillil,lor II, HIe CChmage Will nol c~eed the lesser of )'Our
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approvod credlllrnll or $10.000. If you wish 10 hlMlthl. CXMlrago, )<Xl
giva u. . daled BIld slgnod wriltoo oInlomenlthal you'deslre .10 obloln'
,"rance cowragalor oochacx:wnl before we maku _ _abl.. Ar1ll)SUra
cortiflCOlo, dalalhng 10"''' and tOnd~lor1ll, wiU be prtMded 10 you Upori
Bttaplanco. Inlll611llCO CXMlfIlga II nol roquhod by yQl\ ... ""ndillan I
the extonakx\ oC croat. . , , ;'.a~1~:.h,::' /. .
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DEFAULT . . ..:'.J" ,',::. . X.,'
Wa may dotlara your I'aloUnllo bo In dalau~ K arTf a !he loIICMI.Og ocq~
(I) you do nO! m.ku any Mln.l~um I'o)manl On arri'N1:1:J... unl ~n or belJ;.
theduodato; "" -\.,',;
(2) .rTf a you dios or botonia. logaly locampola"I;. '
(3) Wl'/ of )<Xl betomoS Insolvanl or bankrupt;, ..'
(4) you IJ>I:<Itld or anomptlo IlJII:OOd Iha Maxlmum'ClOdll L1mil; "
(5) )<lu prtNIda u. with falso and/or ",slaadlnD Informallon or slgnalum
alarTf limo; . 'tl:.:.
(6) )<Xl f.lllo oomply with \10 klraomenl; . '!ll1-
(7))<Xl IsIIlO maI<o Wl'/ paymanl 0' pcllorm arTf pronioo In arTf OIhar kI-'
mant or obligation you may aNO us; .: ' ','fiW
(6) II arTf judgmonl,llon, aUochmolll or oxccullon Is Issuod agalnsl you 'bi
)<Xlr property; or .,.....~
(9) illha outs1aljQing ballIIlCO 01 your Accounl (whon addad logalha, wi!'
Ihe crodit 'MJ extendod to 'rUU under other crodit card and/or advance 108' ':
.groomanls) lllICood.lha amounl.ll0w0d by low. . :;'" . ,,;
II WI> dad... your 1<:coonllo be In .dollJJ~. WI> may Immodl.laly lermln.(d'
)<lUr cred" privllog... 'MJ llOOd 1101 glva)<Xl notlco of larm/naUon, Wo mJ!X'
also dem.nd Ihal you pay us al once all sun. duo On tho ActoUnl, Including;
earnod Finance Charge. 'roo Bgrea to Pili our court costs and reasonable\
.uomay..I.... which may not IllCClIO<l 15% of tha fll1l.S750.00 .of tho lolBl'
baI.nce duo, ptu. 10% OIl tho....... (but In 110 IMlnl w!IIlhosli f.... b8 moor'
Ih.n $5OO.00):AlIhough we may hllVB dadatod your hx:Ount to be In'doIauk1i
)<lu agroe to pay u. FlnanceCharga. .1 tho '~Ia p reM dojf. ..In. ,thl..~~ raoml""'"
until oJl sums roo CM'O us Bra paid In rull. .' "I' ..l '->: , ". " ' '. .
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NOTICE AND JOINT ACCOUNTS .' ,':: . ;:::' ,:. ,
, ' ','. ' " :, . " " '~."I1i'~... ~ .,,:;. "~' :.....
If lhara Is mora th/lll 000 Accounlholdar, a.ch of you wfll bO obllgal .;
separal.lyand lagathar for all AdvOIlteJ,Par\S chargad to.\<lu.r Account. /ii#;{
or all 01 )<Xl, Irduding hJlhortzoct Users, may oltal~'l'dvallCO'loar1.E
Plivlloge Cl1otklnglOvoldrol\ llaJ1k1nil Ad;ances on YoUi~Ot:\bu agree'
thai WI> Mod sand 0I't'/ em Mon1hIy Billing siatlllT\8r4IO!hIiOnil Of lOO v.tl.:iti
nama appoIlI1I fll1l oolho Monthly Billing Slalomalll 'ltxJ may 001 Bsslgri yoit,;
rlghl. or obligations In tho 1<:coonllo any OIhar porsOri:""~,,,...,i" iii
II WI> post an I'dvanco loan 10 your 1<:coonl anar)<Xl aiO or am declar!!.!lt!
, lag.lly Incampolanl, Ihat lransactlonwill ba valid and binding, Wo may eQ;;;j
IQICO k agalnst)<Xlr guardian, )<Xlr porllOIIli rapr1lSOflIIltI and/or l'JUr ostal\,J.
Only I"" person{.) MTlad On Iha Card or.n hJlhorUodUaor may use.l
il. Tho Cord must be signed a. SOOf1 as k 1.,ocal\11!d, Tha MaStareard, GoIa~
M.s1Areard, VISA and VISA GOLD crod" card .nd .rTf olhar cradil ch.c/l;
or device v.-o supply to ~ oro our property. 'lbu egroo to return thorn io~
us Immedlalaly upon our damand, or 10 doslroy them .t our raquosl, ~'
Wa will 1101 baliablalo )<lU 0' 10 I'<J1horizad Uso", II anyonalall. or rolusa", \
10 honor tho Card ot other authortmlion, chock or dovlce \WI supply (0 voiT.t,:
Wo will nol ballablall.rTf ATM or OIhar crodilapprtMng lannlnal or daviCi.".
does nol work properly. ~u ogroo 10 odvfso us In wriUng Immedlatoly 01 orr/
change In )'tlUr mailing addross. . .' ~I',
ADVANCE LOANS . , .'
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Cash Mvancos. Purchascs, nnd Pfivilogo Chccking/Owrdmft Bonking iit'
vilnces arc Advanco loans under tho NOH Jersey Advnnco loan low, Ench'
MastaICard, Gold Ma~arCard, VISA or VISA GOLD Accounl, Prlvlloga Check:.
ing ond Owrdrnl1 Bon~ng kcounlls 0 soporoto Advance loon conlrnct".
Tile talal amount of Advance Loans whIch 'MJ may make to )'Ou 01 ony one;'
tlmo on 011 Advarco Loan contracts Is 525,000.00, ~,;
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TERMINATION
Ellher you or 'I'm may lmminalo tho .Account al any limo. Wo may termlnale
who" 'NO IOnd )'OJ a wrillon notlCO ollorminallOn. Any ono or 011 01 ~ may
termlnato tho kcounllOl all at you by ad'w'H.ing us of your dosiro 10 lormlnato
the .6<<ount. Upon tormination of ~ur kcounl. whethor by any or 011 of )<)u.
or by ua. nono d you may oblain now Clodlt with us without epphcnlion,
HCM'eYOf, all of vw are 11111 roquif(xt to pay ){lur h:count balances and ap-
plicable Finance Charge nnd othcr foos In occordance wilh thIs AarDema"l,
unlil wo are paid In full. Wo may lermlnnlo )OOf flohlla uso Iho Card II you
movo out 01 our markoting 8reo.
We can torminato your fiohlla obtain lonn AdvullCos at ony limo v,1lhoul
nOlicalo ~.Il you closo.lorminolo or mnlnl.llin 0 loro bolarco In >p.Jr chock.
ing aCcounl. \W can termlnato your riohl to oblaln LDan AcJvoncos horn your
Pri"i1ogo Chocking or Ovordrott Bonking kcount.
Wo may chango your kcounl numbor (or numbom) and lssllo 0 nf1N Card
01 00)' limo 1/ wo do nol ollorciso 00)' righl 'MJ mlJ'l hO',f, against ~, wo
do nol wnivo Ihat right Wo can olCOrciso il agoinsl )<lU In tho luluro. for ex-
amplo. 110 dolaull occu,s and 'NO do nol decloro tho Account to be In delllult
allholtimo, 'NO can docloro tho kcounllo bo In default if the same or 8
dlfferenl delautl happons later,
GOVERNING LAW
Your application was received by us 01 our oUicos In NM Jorsey. Wo ap.
proved the kcount for )<lu and will extend 011 Advanco lDans to you horn
our offices. You end we ogreo thot the lam 01 the Slolo of Nf1N Jersey shall
apply 10 this Agreemenl. unless fOderollaN applies. II ony part ol this Agree-
ment is nol valid undor any law which opplios 10 Ihis Agrooment, that part
shan not affect the validily 01 the olher parts of this Agreement.
LDSS OF CARD
II \00 lose the Card, \00 \'.ill call us immedialely alll10 phone number giwn
10 \00 by ullor QJch purpose. You may olso nOllfy us In person or In wrlling
al 400 Webro Rood, Parslppany, NIffl Jorsey 07054.
'1bu may be r..tlelor Iha unaulhaizod uso a It.. MasterCnrd, Gad Master.
Card, VISA, or VISA GOLO credll card. You \'.ill not be liablo lor unauthorized
uselhal occurs aller \00 nolily UI orally or In writing a tha loss, theft, Of possI.
b1a unaulhortzed uso a Iho card. In ony caso. \OOr lIabillfy lor unauthorized
uso a tho Maste.card, Gold Maste.cord, VISA Of VISA GOLD credll cardl \'.ill
notlllCeod $5000 per account.
CREDIT REPORTING
'tbu give us th,e right to KIdlange credil Intoonation with credt rep'rting ogen-
cles from lime 10 limo.
AMENDMENT
'1iJ the extenl p81Tlitlod by law, 'oW can amend this PQrcement Qncluding tho
ANNUAL PERCENTAGE RATE) one or moro lim... AAt authorized uso 01 tho
Card or Ihe Blli!>lcnce 01 0 balance on your kcounl on or ofter the effoctive
date of the chango will constitute occeptonco of the changa Upon accep-
10nco. oach amendment will apply to the bD.lanco outstanding on Ihe ellOClive
dale of Iho amerdmont and 10 en credit cxlonded undor this Agreement
afterwards.
SPECIAL RULF.S FOR PRIVILEGE CHECKING
SECURITY INTEREST
10 the oJ-tenl pcrmlnod by law. ~u grant us 0 GCCurity intCfC5I in 0"" 01 your
property in our possession ot any lime Property In our possession includes
depoSll accounts, which may be in your name alone or held by you together
wllh olher porsof'6 We may e_orciso our security intotoslln depoSits even il
thoy have not matured. II you ore In default 01 111 is agreoment, 00 cnn apply
Page 6
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an)' of your dopotil or other crodit boJancos wfth US tOMlfds payment cl YAlal
you 0'Ml. HO'MMlr, 'M) will not do &0 If you haw a card I,hat can be used
10 obtain 8 Privilogo Checking Advance. ',' .
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IN CASE OF ERROR OR INQUIRIES ABOUT YOUR' BilL
CHEMICAL BANK NEW JERSEY PROCEDURES FOR'<:,';"
CORRECTION OF BILLING EIlRORS .'", . . '.;:',:' : ',';. .
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YOUR BILLING RIGHTS-KEEP THIS NOTICE FOR i:JnVRE USE
This notico contains Important Informalioo about )OOr rights and our respon-
siblhlies under tho Fair Credrl Billing PGI. '.:\.i';;i-:" '.'
'!bu will nolify ulln clla 011""11 or qUIIUon11bou1 your bill.
II ~ think your bill is wrong or If you noed moro In!oonation .b~ 8 trana.
ectlon on your bill, you must write us on a 6Opamto choet at the addl"8S8llsled
on )<lur bill. You must Writo 10 us as ~n as possiblo. We must hlrDr from)OU
no lntor than 60 days ottor we ,ond' you tho fIrst bill on which the error or
problom appeared_ You can telop,one u, but doing 10 will not pmseMJ
your rights.
In your letter, )OJ must giw us the foltC1Nlng Inlormallon:
Your name and .Account number
Tho dollar "Amounts' the suspecled error "
Describo the Drror end explain to tho best of your ability, why you believe
thore Is an error. II you nood more InlormaUon, you must describe tho
item you aro nol sure about. .: iB
II )00 haw authorized us 10 pay)OOr bill autorneticnlly IICIrTl )<liJr savings or ~~,
chocking account, you can Slop lho payment on anI amounf)tIU think ls '.~,I
wrong. To stop the paymont your lonor must reach us alle4st three (3) ~,
businoss days belore the automatic payment Is scheduled to .~Ut .~
YOUR RIGHTS AND OUR RESPONSllilUTIES ;~fTEIl'WE . .J'
RECEIVE YOUR WRITTEN NanCE. ,.'.."'"l~,,:~ .' : "j'"
. ";' :..-.~.\.l:'i..'t;:r...' ".
Wa must ocknaMedga)OOr lotIer within 30 dll)'l. unl... "'" hlMl correcled ,,7,
Ihe error by Ihan. Wrthin 90 dll)'l. "'" must onher,CO<TOCt ~~ 'OI)ji(.Of. explal~. I:'.
whywebehowthebrllwascorrect.. '. _:/',I;;...,l\J.:;MW'r.\:....t..:.;;..~y.'
, -.l.,....,',.~,j"h"..,'...,,'l>,..
Atter'Ml rocelW )(lur lenor we cannot try 10 coiled: any amour(t)'OU QU88-}'(:
tion, or report you 8S delinquent. We can contlnuo 10 bill ~ fo(1hu 8r11ouf1t.~rt
In question, IncJudng Finance Chmgoo. ond "'" can apply any unpeld ~nl.';i.
egelnst your Mllldmum Credil LImn. '1bu do not hlMlto pay ll!1Yqueslloned 'l'
amount whilo.... orelllYOstlgallng, bu! ~ ara GIlD ob!lgalOd lo'~lb;, ~',;!
01 your billlhal 018 nolln ques1lon, ':!.i".t.l""~':1l..~'J1~;lfilf+~i.,ef1:;"'r
It "'" find Ihal "'" mado a mistake on \OOr b1U, yoo'\\'iU'r\CfhM'iO'/iay any >--
Finance Charges related 10 anY questlOllOd amouiit.lr....'d1i1nnc mal<8 a' ::"
mlstei<o, you mey hiMl 10 pay FinanceChargos,'ond~~D.iiiM"IO,(i>i'" tiP.;; ,
any missed payments en Iha questioned amount. In eithor caso. \Yo v.iII 0400
you a statement of the amount)tlU OMI and the dais' that " 18008.-:":' ..",'
II you laillo pay tho amount Ihal "",'hlnk you o.w,'lW.'ma{i8pcirt you os
delinquont. H........... n our oxplanallon does not aatlsly)<l<f ani! you wrf1alo'
us within len (10) days Ielling us thaI Y)OJ !liD refuse 10 pay, iiii'inUSt lelllII1)'Ofio" 'I",".
\W report \00 to \hat \00 haw 0 qu05llon about joUr b1. And; IW must leII you .
the namo 01 al1)'X1o "'" reported \00 III We must toll anyone "'" I8ported \00
10 lhnltho mailer has been settled between us when It finally Is.
II we don'llo!la.\I these rules.. 'M) can't conoct tho first $50,00 d tho question-
ed amount cvon II your bill was corroct.
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SPECIAL RULES FOR CREOIT CARD PURCHASES
H you haw a problem with Iho quality of property or SOMe8 that you pur.
chased with Iho Card, and you haw lried In good 'a~h 10 corruct tho pro~
lem with the merchant, ~u may how tho rlghl.not 10 pay the romalning
amount duo on lhe property or 66Mcos. Thero are 1\\0 limitations on thIs right:
(0) ~u mu!>t havo made tho Purchaso In your home malo, or If not within
your homo lilate v,\ll1ln 100 milos 01 your currenl mailing addreSS, and
(b) Tho purchaso prlCC must hayo been more than $5000.
Tho50 limitations do not apply if 'oW 0'Ml or oporate lho merchant. or if 'oW
mailed ~'ou tho adverllsemcnllor tho property or services.
Page 7
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