Agreement Accounts Receivable With Credit Card In Harris

Q: What is listed in a credit card agreement?

A credit card&#039;s terms and conditions officially document the rules and guidelines of the agreement between a credit card issuer and a cardholder. Common terms and conditions include the fees, interest rate, and annual percentage rate carried by the credit card.

Q: Where can I find my credit card agreement with BOFA?

Already have a credit card? Log in to Online Banking and request a copy of your Credit Card Agreement. If you still have questions, contact one of our associates at 800.932. 2775.

Category:

Contracts - Factoring

State:

Multi-State

County:

Harris

Control #:

US-00037DR

Format:

Instant download

Description

The Agreement Accounts Receivable with Credit Card in Harris is a detailed legal document between a Factor and a Client, specifically designed for factoring accounts receivable. This form allows the Client, typically a business selling on credit, to assign its receivables to the Factor in exchange for immediate funds. Key features include the assignment terms for accounts receivable, provisions for sales and delivery of merchandise, credit approval processes, and the assumptions of credit risks by the Factor. Notably, the Agreement outlines the responsibilities of both parties regarding payment collection and the handling of merchandise returns. Filling instructions require users to fill in specific details such as dates, names, and terms of payments. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to facilitate or manage factoring agreements, ensuring compliance with commercial credit regulations. It provides clarity on the roles and obligations of each party, along with mechanisms for resolving disputes and addressing potential breaches. Legal professionals can use this form to protect their businesses' financial interests while navigating the complexities of accounts receivable management.

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FAQ

Under federal law, your credit card issuer is required to provide a copy of your agreement upon request. Look on the back of the credit card or on your latest monthly statement to find the name of the issuer.

A credit card agreement is defined as the written document or documents evidencing the terms of the legal obligation, or the prospective legal obligation, between a card issuer and a consumer for a credit card account under an open-end (not home-secured) consumer credit plan.

A cardholder agreement is a legal document outlining the terms under which a credit card is offered to a customer. Among other provisions, the cardholder agreement states the annual percentage rate (APR) of the card, as well as how the card's minimum payments are calculated.

The properly executed credit application is a binding contract when there is agreement to terms and conditions. Remember, the process of obtaining the signed application is a negotiation. As such, including all provisions in the credit application that protect or benefit the credit grantor is the objective.

A credit card's terms and conditions officially document the rules and guidelines of the agreement between a credit card issuer and a cardholder. Common terms and conditions include the fees, interest rate, and annual percentage rate carried by the credit card.

A cardmember agreement (CMA) is an arrangement between the card issuer/bank and the cardmember that contains the terms and conditions governing the account.

If you are looking for information specific to your account, contact the bank or institution that issued your card. By law, the issuer must make your agreement available to you upon request. If you are having trouble getting your agreement, let us know by submitting a complaint.

Already have a ® credit card? Log in to Online Banking and request a copy of your Credit Card Agreement. If you still have questions, contact one of our associates at 800.932. 2775.