|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
CENTURION FEDERAL CREDIT UNION Interest Rate Addendum Effective 01/01/08 Loan Liner Program INSTRUCTIONS: This addendum is incorporated into and becomes part of your LOANLINER Credit Agreement. Please keep this attached to your LOANLINER Credit Agreement. The range of ANNUAL PERCENTAGE RATE for each loan type is shown below. Your specific APR, and the amount and due date of your payments, will be determined at the time of each advance and disclosed on your Advance Request Voucher or Note and Disclosure Statement. Other charges that may be imposed are also shown on this addendum (late charges, filing fees, collection & other costs). Loan Type Maximum Term ** ANNUAL PERCENTAGE RATE **
Certificate-secured loans are made at 2.0% over the APY we pay you on the certificate securing the loan, with a term not to exceed the life of the certificate (60 month maximum), although such loans may be renewed, at the then-appropriate loan rate, when and as the underlying certificate is renewed. The following loans types will have fixed rates, and your rate will be determined by your individual qualifications at the time of the loan approval, and by the collateral used to secure the loan. Ask if you are unclear about the individual rate on your loan.
*We may consider loans against trucks, cars and motorcycles 10 or more model years old with an appropriate evaluation for our loan file. * New autos are considered never titled with less than 2,500 miles
 
FILING FEES: If the credit union takes a security interest in your property, you may be charged a filing fee at the time of the loan advance. The amount of the filing fee will be based upon the fee required by state law for the credit union to obtain a lien on the collateral. The amount of the filing fee, if charged, will be disclosed to you. LATE CHARGES: Centurion does not have a “grace period” for loan payments. If your payment is ten (10) or more days late, you will be charged a late charge of $10.00 (on loans originating for less than $50,000); $35.00 (on loans originating for $50,001 - $100,000); or $50.00 (if your loan originated for greater than $100,000). COLLECTION COSTS: You agree to pay all costs of collecting the amount you owe under this agreement, including court costs and reasonable attorney fees. Further rights and responsibilities may be disclosed in the Loan Agreement or Advance Voucher at the time of disbursement. Please read all disclosures and keep this Addendum together with your other papers relating to this and other loans. This Addendum, and the ranges of our interest rates, may change from time to time. This Addendum, including any changes, is permanently posted on our office bulletin boards
_______________________________ _______________________________ Borrower Date Borrower Date
______________________________ _______________________________ Borrower Date Borrower Date
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
