ACH TERMS AND CONDITIONS
1. ONE- TIME ACH TERMS AND CONDITIONS
You are authorizing the Association and HomeARCH Association Management (collectively the "Association") to charge your checking or savings account. The charge will appear on your bank statement as an ACH Debit. This ACH may take up to 5 business days to be completed. The date of your submission of the ACH will be the date the ACH will be posted to your Owner Account. If the payment date falls on a weekend or holiday, payments may be executed on the next business day. For ACH debits to your checking/savings account, you understand that because these are electronic transactions, these funds may be withdrawn from my account as soon as the day of the request. In the case of an ACH being rejected for Non-Sufficient Funds (NSF), a fee of $10.00 will be assessed to your account. I acknowledge that the origination of ACH transactions to my account must comply with the provisions of U.S. law. I certify that I am an authorized user of this bank account and will not dispute this scheduled transaction with my bank: so long as the transactions correspond to the terms indicated in this authorization form.
2. Recurring Monthly ACH. Autopay.
You are authorizing the Association and HomeARCH Association Management (collectively the "Association") to charge your checking or savings account. Recurring ACH collections will occur within the first eight business days of each month or yearly basis as per your associations payment requirements and this schedule may be effected by weekends and holidays. Auto-payments include all current charges to your account as the day of the submittal of the auto-pay. This may include your monthly assessment, water bill, and/or any other charges to your account including late fees, special assessments, and enforcement assessments. If the payment dates fall on a weekend or holiday, the payments may be executed on the next business day
The authorization will remain in effect until you cancel it, and I agree to notify the association in writing of any changes in my account information or termination of this authorization at least 10 days prior to the next billing date. For ACH debits to my checking/savings account, I understand that because these are electronic transactions, these funds may be withdrawn from my account as soon as the above noted periodic transaction dates. In the case of an ACH being rejected for Non-Sufficient Funds (NSF) the Association, a fee of $10.00 will be assessed to my account. The Association will only attempt one time after an NSF transaction. In the event of an NSF transaction, the Association will stop any further recurring ACH transactions and you will need to reestablish recurring payments to begin recurring ACH payments. I acknowledge that the origination of ACH transactions to my account must comply with the provisions of U.S. law. I certify that I am an authorized user of this bank account and will not dispute this scheduled transaction with my bank: so long as the transactions correspond to the terms indicated in this authorization form.
The authorization will remain in effect until you cancel it, and I agree to notify the association in writing of any changes in my account information or termination of this authorization at least 10 days prior to the next billing date. For ACH debits to my checking/savings account, I understand that because these are electronic transactions, these funds may be withdrawn from my account as soon as the above noted periodic transaction dates. In the case of an ACH being rejected for Non-Sufficient Funds (NSF) the Association, a fee of $10.00 will be assessed to my account. The Association will only attempt one time after an NSF transaction. In the event of an NSF transaction, the Association will stop any further recurring ACH transactions and you will need to reestablish recurring payments to begin recurring ACH payments. I acknowledge that the origination of ACH transactions to my account must comply with the provisions of U.S. law. I certify that I am an authorized user of this bank account and will not dispute this scheduled transaction with my bank: so long as the transactions correspond to the terms indicated in this authorization form.
