USALLIANCE Financial Arbitration Clause

alan1
  |     |   880 posts since 2015

Arbitration clause dated May 27, 2021

Effective Date. This Arbitration Agreement is effective upon the 31st day after we provide it to you (“Effective Date”), unless you opt-out within the 31-day period in accordance with the requirements of the RIGHT TO OPT-OUT provision below. If you receive your statements by mail, then the Arbitration Agreement was provided to you when it was mailed. If you receive your statements electronically, then it was provided to you when you were sent notice electronically.

The opt-out provision reads:

Right to Opt-Out. You have the right to opt-out of this Arbitration Agreement and it will not affect any other terms and conditions of your relationship with the Credit Union. To opt out, you must notify us in writing of your intent to do so before the Effective Date. Your opt-out will not be effective and you will be deemed to have consented and agreed to the Arbitration Agreement unless your notice of intent to opt out is received by us in writing at USALLIANCE Financial 411 Theodore Fremd Ave., Suite 350, Rye, NY 10580-1426. Your notice of intent to opt out can be a letter that is signed by you that states “I elect to opt out of the Arbitration Agreement” or any words to that effect. "

https://www.usalliance.org/hubfs/assets/documents/disclosures/usalliance-arbitration-20210527.pdf




me1004
  |     |   1,381 posts since 2010
I recomend everyone write the notice, put a stamp on it and mail it to them. Mandatory arbitration agreements are always bad for the customer, that's why companies push them.


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