Bill Pay Agreement/Disclosure

LORMET BILL PAY PLUS AUTHORIZATON AND AGREEMENT

This LorMet Bill Pay PLUS agreement (“Agreement”) states the conditions for the LorMet Bill Pay PLUS service (“Service”) that will enable you to perform the transactions described in the Agreement. The terms and conditions of this Agreement are in addition to the account agreements, disclosures and other documents in effect from time to time governing your LorMet Community Federal Credit Union (“LorMet”) account(s). The Service is free for the first month and the service charge is $2.50 per month, thereafter.

By clicking the button by which you enroll/accept the terms in the Service, you acknowledge that you have read, understand and agree to the terms in the Agreement.

DEFINITIONS
"You" or "your" means each person who is authorized to use the service. "Payee" means any person or entity, including yourself and LorMet, you wish to designate a payment or transfer to be directed and that LorMet accepts as a payee; "we", "us", or "our" refers to LorMet and any agent or third party service provider LorMet may, at its sole discretion, engage in providing the
Service to you. Whenever “you” is more than one person with respect to account ownership and relationship, the obligations and agreements applicable to you under this Agreement shall be deemed to be joint and several, wherever appropriate.

ACCESSING AND USING THE SERVICE
You must be an account holder of a LorMet personal share draft (checking) account in good standing (“Designated Account”), have access to the Internet with a browser that supports 128-bit encryption, have a valid e-mail address and a LorMet Online Banking User Account Number and Password. LorMet is not responsible for any errors or failures from the malfunction or failure of your hardware, software or any Internet access services.

You may use the Service to direct LorMet to make payments from your Designated Account to the Payees you choose, in accordance with this agreement. You may use the Service to make transfers between your Designated Account to one of your accounts at another financial institution or to electronically send funds to another person at this or another financial institution. You may use the Service to receive balance, billing information and due date alerts from certain eligible payees as set forth in the separate eBill Service User Agreement. Functionality may be limited by applicable law, the ability of the Service to obtain on-line financial information from other Payees, and the terms and conditions contained in the agreements governing the Payee accounts.

By providing the Service with names and account information of those entities and or persons to who you wish to pay or transfer funds, you authorize the Service to follow the instructions that it receives from you. You must provide sufficient and accurate information as directed in screen messages, to properly direct a payment and permit the Payee to identify you as the payment source. LorMet is not responsible if a Bill Payment can not be made due to incomplete, incorrect or outdated information provided by you regarding a Payee or if you attempt to pay a Payee that is not shown as Finished in your Select Payee Menu.

THE PAYMENT REMITTANCE PROCESS
You understand and agree that it is your responsibility to authorize bill payments in such a manner that the bills will be paid on time and that the Payee will receive your payment no later than the Due Date on the statement provided to you by the Payee.

Single Payments:
A single payment will be charged to your account on the business day (generally Monday through Friday, except certain holidays) that you designate as the payment's process date, provided the payment is submitted prior to the daily cut-off time on that date. The daily cut- off time, is currently 2:00 p.m. Eastern Time. A single payment submitted after the cut-off time on the designated process date will be charged to your account the following business day. If you designate a non-business date (generally weekends and certain holidays) as the payment's process date, the payment will be processed on the first business day following the designated process date.

Recurring Payments:
You may schedule recurring payments to be automatically paid on regular intervals. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a process date is calculated for the next occurrence of the payment. If the calculated process date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules:

If the recurring payment's "Pay Before" option is selected, the process date for the new occurrence of the payment is adjusted to the first business date prior to the calculated process date. If the recurring payment's "Pay After" option is selected, the process date for the new occurrence of the payment is adjusted to the first business date after the calculated process date.

If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as a particular day of the month for processing and that day does not exist in the month of the calculated process date, then the last calendar day of that month is used as the calculated process date.

For Single and Recurring Payments, it is necessary to generally allow five (5) business days prior to the due date, and by the Cutoff Time (2:00 p.m. Eastern Time) of the current date, for each bill payment to reach the Payee on time. (For West Coast payees, allow 8 days.) The Estimated Arrival Days is indicated for your convenience on the payment input transaction screen and may reflect shorter time frames for electronic remittances. Any bill payment can be changed or canceled by following the directions within the Bill Pay Service, provided you access the Service prior to the cut-off time on the business day prior to the business day the bill payment is going to be initiated. LorMet reserves the right to change the cut-off time. You will receive notice if it changes.


When you schedule the process date for the recommended number of days prior to the due date, it is understood that due to circumstances beyond our control (such as delays in handling and posting payments by payees or financial institutions), some transactions may take a day or even a few days longer to be credited by your Payee to your Payee account.

Payments are generally withdrawn from your Account by Electronic Funds Transfer. Your payment may be remitted to Payee by Electronic Funds Transfer; by mailing your Payee a check drawn on an account we maintain for this purpose; by mailing your Payee a check drawn on your Designated Account, or by other means, at our sole discretion; you understand we reserve the right to select the method by which to remit funds to your Payees. The Electronic Funds Transfers Your Rights and Responsibilities included or received when you opened your account discloses important additional information concerning your rights and obligations.

You agree to have available and collected funds on deposit in your Designated Account in amount sufficient to pay for all Service transactions requested, as well as, any other payment obligations you have with LorMet. LorMet reserves the right, without liability, to reject or reverse a bill payment if you fail to comply with this requirement or any other terms of this agreement. If you do not have sufficient funds in the Designated Account and LorMet has not exercised its right to reverse or reject a bill payment, you agree to pay for such payment obligations on demand. You further agree LorMet, at its option, may charge any of your accounts with LorMet to cover such payment obligations.

PROHIBITED PAYMENTS
We reserve the right to refuse the designation of a Payee for any reason. You may not schedule payments to Payees located outside of the United States or its territories or payments otherwise prohibited by law. Court ordered payments, tax payments, government fees, security settlement payments and transfers to interest bearing accounts are discouraged, may not be accepted as Payee(s) and if scheduled are at your own risk.

LIABILITY
You agree to protect the security of your User Account Number(s) and Passwords(s). You are solely responsible for controlling the safekeeping of and access to, your User Account Number(s) and Password(s). You are liable for all transactions you make or that you authorize another person to make, even if that person exceeds his or her authority. If you want to terminate another person's authority, or if you believe someone may attempt to use
LorMet Bill Pay without your consent or has transferred money without your permission, you must notify LorMet immediately and change your Password. You will be responsible for any Bill Payment request you make that contains an error or is a duplicate of another Bill Payment. LorMet is not responsible for a Bill Payment that is not made if you did not properly follow the instructions for making a Bill Payment. LorMet is not liable for any failure to make a Bill Payment if you fail to promptly notify LorMet after you learn that you have not received credit from a Payee for a Bill Payment, or if the Payee mishandles or delays a payment sent by us. LorMet is not responsible for your acts or omissions or those of any other person or entity, including, without limitation, any transmission or communications facility, and no such party shall be deemed to be LorMet's agent. In any event, LorMet will not be liable for any special, consequential, incidental or punitive losses, damages, or expenses in connection with the Agreement or the Service, even if LorMet has knowledge of the possibility of them. LorMet is not liable for any act, failure to act or delay in acting, if it is caused, in whole or in part, by any cause beyond LorMet's reasonable control.

AMENDMENT AND TERMINATION
LorMet has the right to change this Agreement at any time by notice mailed to you at the last address shown for your account on LorMet's records, by posting notice in LorMet's branches, or as otherwise permitted by law.

LorMet has the right to terminate or suspend this Agreement or Bill Pay Service at any time, without prior notice. Your Bill Pay Service may be suspended for excessive insufficient funds activity. You may terminate this Agreement by written notice to LorMet. LorMet is not responsible for any fixed payment made before LorMet has a reasonable opportunity to act on your termination notice. You remain obligated for any payments made by LorMet on your behalf. You will not receive a refund of any service fee if you cancel.

FEES:
You agree to pay LorMet a service fee of $2.50 each month, for an unlimited number of monthly payments using LorMet Bill Pay Plus Service. You authorize LorMet to deduct the Bill Payment service fee each month, on the anniversary date of your enrollment. If the anniversary date is a non-business date, the fee will be processed the business day after. This fee is in addition to any regular transaction fees that may be in effect for your LorMet account(s). We will assess the current Non-sufficient Funds or Overdraft fee in effect for any bill payment request drawn against insufficient funds in your Designated Account. Once inactive (i.e. no payments processed) for three (3) consecutive months or longer, we may terminate your Bill Pay Service. Once your Bill Pay Service is terminated due to inactivity, or your own request, a Re-enrollment Fee of $10.00 will apply if you request the Service reactivated.

Additional Charges for Member Requested Services and Other Items:

These charges will only be assessed if you request one or more of the services listed here.
There are additional charges for use of LorMet Bill Pay Gift Service for gifts and charitable donations and for the use of Expedited Payments. These fees are disclosed prior to initiating the transaction.
There will be NO Charge for any item if needed to correct a LorMet error.
Written Correspondence to Payee: $10.00
Per Proof of Payment not necessitated by a dispute: $10.00
Payments Returned due to member error: $5.00
LorMet reserves the right to charge you for research time involving payments no longer available in your screen history. You will be informed of any such charges before they are incurred.