Lowe's Account Agreement: Electronic Communications and Credit Terms, Schemes and Mind Maps of Business

Download Lowe's Account Agreement: Electronic Communications and Credit Terms and more Schemes and Mind Maps Business in PDF only on Docsity! 1 LOWE’S [23143C] C81Q/C82L (8/08) LAR_(REV 9/16) EAPPLY PDF The information about the costs of the Accounts described above is accurate as of September 1, 2016. This information may have changed after that date. To find out what may have changed, write to us at P.O. Box 965004, Orlando, FL 32896-5004. If your application is approved, the full terms of the Agreement: (a) will be sent to you with your card, (b) will be governed by federal and North Carolina law, and (c) may be changed by us as provided in the Agreement. CONSENT TO ELECTRONIC COMMUNICATIONS By (i) submitting an application online or (ii) registering for online or mobile services for your Account, you hereby agree to the following and this will constitute your consent for us to send you electronic communications about your Account. When you successfully consent through the online or mobile site, you have successfully demonstrated that you are able to access information we have posted on such online or mobile site. Categories of Communications. You consent to receive communications relating to your Account in electronic form. The communications covered by your consent may include, but are not limited to, (i) the initial disclosure statement or agreement governing your Account, (ii) any disclosure required by federal, state or local law, including disclosures under the federal Truth in Lending Act, the federal Fair Credit Reporting Act and the financial privacy provisions of the Gramm-Leach-Bliley Act, (iii) your billing statement, if you have signed up to receive electronic statements, (iv) letters, notices or alerts regarding your Account and any changes to your Account, and, (v) other disclosures, notices or communications in connection with the application for, the opening of, maintenance of or collection of your Account. These electronic communications may include your name and some information about your Account, including your balance or the due date; however, we will not include your full account number or social security number. Electronic communications may be reviewed by any party with access to your Account, the e-mail account you have provided to us for delivering these communications, or the hardware or software you use to view your Account information or your e-mail account. How to Withdraw Your Consent. You may not apply online for an Account and you may not register your Account for online services (including electronic statements or mobile alerts), unless you also provide your consent to receive electronic communications. If you have registered for online services (such as electronic statements or mobile alerts) and you wish to withdraw your consent to receive future electronic communications, you must un-enroll from each service you have elected to receive to completely withdraw your consent to receive electronic communications. Additionally, you may call customer service at the number on your credit card or billing statement to withdraw your consent. We will not impose any fee to process the withdrawal of your consent to electronic communications. However, you will not be able to receive your billing statements electronically if you do not consent to receive electronic communications or withdraw your consent. Any withdrawal of your consent to electronic communications will be effective only after we have a reasonable period of time to process your withdrawal request. How to Update Your Records. You agree to promptly update your e-mail address if a change occurs by updating your information through the www.lowes.com/credit or the website listed on your billing statement or by calling customer service. Hardware and Software Requirements. In order to access and retain electronic communications, you must have the following: • For personal computers: o Access to the Internet via dial-up, DSL, cable modem, wireless access protocol or equivalent o SSL-enabled web browser that supports JavaScript o Sufficient electronic storage capacity on your hard drive or other data storage facility, or a means to print or store notices and information through your browser software • For mobile devices (phones, tablets, eReaders, or other mobile devices with Internet browsing capabilities): o Access to the Internet via dial-up, DSL, cable modem, wireless access protocol or equivalent o SSL-enabled web browser that supports HTML 5, JavaScript, and CSS3 o Sufficient electronic storage capacity on your hard drive or other data storage facility, or a means to print or store notices and information through your browser software KEY CREDIT TERMS FOR LOWE’S ACCOUNTS RECEIVABLE (LAR) Payment is due in full each billing period. ANNUAL PERCENTAGE RATE FOR PURCHASES IF NOT PAID BY DUE DATE AK, DE 5% GA 16% IL, MN 8% VA, WA, WV 12% PR 6% All Other States 18% Fees Penalty Fees • Returned Payment $20 ($10 in AZ; none in AR, LA, MN, NE, OR, PR, RI, SD, WV) Method of Computing the Balance for Purchases Adjusted Balance – Finance Charge is only imposed on past due amounts. 2 Paper Copies of Communications. Upon your request we will provide you with a paper copy of a communication that we provide you electronically. If you would like a paper copy of any material, please write to us at: Synchrony Bank, P.O. Box 965004, Orlando FL 32896-5004 or call us at the phone number listed on your billing statement. There will be no charge for a paper copy of any material we have sent you electronically. Communications in Writing. All communications in either electronic or paper format from us to you will be considered “in writing.” You should print or download a copy of this consent, the Account agreement, and any other electronic communication that is important to you for your records. Electronic Signatures. You acknowledge that by clicking on the “Submit” or similar button, you are indicating your intent to sign up for electronic communications and that this shall constitute your signature. Federal Law. You acknowledge and agree that your consent is being provided in connection with a transaction affecting interstate commerce that is subject to the federal Electronic Signatures in Global and National Commerce Act, and that you and we both intend that the Act apply to the fullest extent possible to validate our ability to conduct business and communicate with you by electronic means. IMPORTANT TERMS FOR ELECTRONIC STATEMENTS In addition to the above, if you have elected to receive electronic statements, the following information applies: 1. Statement Inserts. Any inserts that would be included with a statement sent by U.S. mail may also be sent to you electronically. If an insert contains legally required material, to ensure that you receive the necessary material, we may send you a paper copy of your statement in addition to making the statement available to you electronically. Any legally required Insert that would not be available electronically will be sent to you by U.S. mail. 2. Payment Information. When you elect to stop paper statements, you must still pay at least your Minimum Payment by 5 p.m. (ET) on the Payment Due Date. You can do this through an electronic bill pay service (whether through this website or using a third party servicer or bank) or by mailing your payment to us at the address shown on the electronic statement. Please note, if you do not pay us electronically, the crediting of your payment may be delayed by up to five days after receipt. 3. Returned E-mails. If e-mails advising you of the availability of statements are returned to us, we may cancel your enrollment for electronic statements and resume sending you paper statements in the mail. If this happens, you will need to re-enroll to receive electronic statements with updated information. 4. SPAM Filters. We will make every effort to ensure our e-mail notifications are properly listed with all SPAM filter agencies. However, you are responsible for ensuring that any SPAM filters recognize e-mail originating from us. If you fail to receive e-mail notifications from us after enrolling for electronic statements, please check with the provider of your e-mail account and/or the SPAM filter associated with your e-mail account. 5. Account Delinquency. We reserve the right, at any time and without notice, to stop providing you with electronic statements and provide you with paper statements, if your account is not maintained in good standing. 6. Cancellation. We reserve the right, at any time, to stop providing you electronic statements and provide you with paper statements. If we do so, we will provide you with prior notice, except in the case of account delinquency. Reasons for cancellation include, but are not limited to, not viewing your last three electronic statements. Definitions used in this consent: • “You” and “your” mean the primary applicant or accountholder; • “We”, “us” and “our” mean Synchrony Bank; • “Account” means your Lowe’s Business credit card account; and • “Billing Statement” means the billing statement for your Account. All other terms used in this consent shall have the meanings given to them in the Account agreement. LOWE’S COMMERCIAL CHARGE ACCOUNT AGREEMENT (FOR BUSINESS USE ONLY) 1. DEFINITIONS. In this Agreement, the words “we”, “us” and “our” refer to Lowe’s Home Centers, LLC (individually and collectively, “Seller”), and any person to whom we have assigned this Agreement, the indebtedness, and/or any interest in the Account or indebtedness created hereunder (“Assignee”). We currently expect that the indebtedness generated on this Account or a participating interest therein will be assigned to Synchrony Bank, but such interests will not include any Materialmen’s Liens in jurisdictions where such liens cannot be transferred. The words “you” and “your” refer to each person or entity that signed the Application or on whose behalf the Application is signed, the business on whose behalf the Account was opened, each person guaranteeing payment of the Account pursuant to the Application (the “Guarantor”), and each other person authorized to make purchases under the Account. “Account” means the Commercial Charge Account with us established by this Agreement and which shall be used for the purchase of merchandise and/or services from Seller for your business use. “Card” means the plastic card that we may issue to you at your request under this Agreement which may be used to pay for purchases from Seller on your Account. 2. PROMISE TO PAY. You may buy from the Seller merchandise and/or services (“Goods and/or Services”) described in the sales invoice(s) for the price(s) shown on such invoice(s). By signing this Agreement (if applicable), you have requested that we establish this Account for your business commercial use only and that we permit you to make your purchase from the Seller on credit under the terms and conditions of this Agreement in effect at the time credit is extended. In the event that any terms of a purchase order, invoice or other document conflict with this Agreement, the terms and conditions of this Agreement shall control and govern. If you elect to make purchases (including mail order, Internet, catalogue and phone orders, if any) under this Account, you jointly and severally agree to pay for all purchases charged by you to the Account, all Finance Charges that accrue hereunder, and all other charges provided herein, according to the terms of this Agreement. You understand that the balance due on your Account will not be reduced or delayed in any manner by any offsets, unapproved returns or chargebacks of any nature, unless specifically agreed to in writing by us. 3. PURCHASE ORDERS. If you use purchase orders in connection with the Account, we will try to reflect your purchase order number on our invoices; however, the presence or absence of a purchase order number on our invoices shall in no way affect your obligation to pay the invoices. Any purchase charged to this Account shall be governed solely by the terms and conditions set forth in this Agreement and in our invoices and statements, and any other terms and conditions in your purchase orders or other procurement documents shall not apply even if submitted to and accepted by us in connection with a purchase under the Account. 4. AUTHORIZED PURCHASERS. You understand that we will be unable to determine whether any given purchase charged on your Account was in fact authorized by and for the benefit of the business in whose name the Account is established, and you agree that purchases and deliveries are authorized to be made without signature. We may rely on the representations of persons representing themselves to be your authorized agents with authority to make purchases against your Account, unless you have provided us a list of authorized purchasers in writing. If you want to change your list of authorized purchasers or inform us of any person(s) who is not an authorized purchaser, you must do so in writing on company letterhead delivered to us by first-class United States mail or Fax. You understand that any such notification will be effective only as of the sixth (6th) day following actual receipt of the notification by us. You agree that your promise to pay, as contained in this section of this Agreement, will apply to all purchases made by any of you whether or not the purchase was in fact authorized by and for the benefit of that business. Any person signing the Application on behalf of a business attests that the Buyer is a valid business entity or a qualified religious, educational, or other non-profit entity, or a governmental agency or instrumentality; and that the Buyer has authorized (a) the execution of the Application, and (b) the person signing the Application to execute the Application on its behalf. 5. BUSINESS PURPOSES. You agree and represent and warranty at the time of each purchase, that this Account shall be used only for purchases for commercial or business purposes, and not for personal, family, or household purposes, and