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I/We acknowledge and agree that in the event that a claim is made, Ezidebit will not be liable for the refund of any funds and agree to reimburse Ezidebit for any successful claims made by the Card Holder through their financial institution against Ezidebit.
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Thus, depending on when you sign the MPN, it may take up several weeks for you to receive the money from a federal student loan.
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These rates are for secured lending only.
(ii) If the lender holds funds on deposit in the consumer's name, in response to an actual or expected delinquency or default on the loan: Sweep the account to a negative balance, exercise a right of set-off to collect on the loan, including placing a hold on funds in the consumer's account, or close the account.