The Washington Issuer — Underwrite— - Oriented Sample Stored Value Product Agreement and Disclosures outline the terms and conditions associated with the use and management of stored value products. This agreement serves as a legal document between the issuer, underwriter, and the user, establishing clear guidelines and responsibilities. The agreement typically begins with an introduction, explaining the purpose and scope of the document. It highlights that this agreement governs the relationship among the issuer, underwriter, and the user regarding the stored value product. The Washington Issuer — Underwrite— - Oriented Sample Stored Value Product Agreement includes various sections and disclosures. These may vary depending on the specific type of stored value product and issuer. Here are some potential sections and disclosures that may be included: 1. Definitions: This section defines key terms used throughout the agreement, ensuring a common understanding among the parties involved. Terms such as "issuer," "underwriter," "stored value product," and "user" may be defined. 2. Scope and Purpose: This section outlines the intended use of the stored value product and provides details on the permitted transactions, reload options, and limitations associated with the product. 3. User Rights and Responsibilities: This section lists the rights and obligations of the user. It covers topics such as security measures, reporting lost or stolen cards, and dispute resolution procedures. 4. Fees and Charges: This section discloses any fees or charges associated with the use of the stored value product. It provides a clear breakdown of transaction fees, reload fees, inactivity fees, and other applicable charges. 5. Limitations and Exclusions: Here, the agreement details any limitations or exclusions on the use of the stored value product. This may include restrictions on certain merchant categories, international use, or the maximum balance allowed. 6. Privacy and Data Protection: This section explains how the issuer and underwriter handle user data and what measures are in place to protect privacy. It may include information on compliance with applicable privacy laws and how personal information is collected, used, and shared. 7. Liability and Dispute Resolution: This section outlines the responsibilities and liabilities of each party involved. It specifies the processes for addressing disputes, including arbitration or mediation procedures. 8. Termination: This section explains the circumstances under which the agreement may be terminated by either party. It may detail the steps required to close the account and any associated fees or limitations. Additional types of Washington Issuer — Underwrite— - Oriented Sample Stored Value Product Agreement and Disclosures might include specific agreements and disclosures for prepaid cards, gift cards, loyalty cards, or similar products. Ultimately, the precise content and sections of the agreement will depend on the specific stored value product and the requirements set forth by the state of Washington.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.