YOU ALONE KNOWWHATIS IN YOURBANK OFAMERICA SAFE … · Rules, then the current version ofthe Rules...
1
Bankof America BANK OF AMERICA,N.A. (THE "BANK") Safe Deposit Box Rental Agreement Rules and Regulations These Safe Deposit Box Rules and Regulations govern yourrights andliabilities and those of Bank of America, N.A. and are a part of the Safe Deposit Box Rental Agreement. YOU ALONE KNOW WHATIS IN YOUR BANK OF AMERICA SAFE DEPOSIT BOX. FOR YOUR COMPLETE PROTECTION, WE SUGGEST YOU PRIVATELY INSURE THE CONTENTS. BANK OF AMERICA DOES NOT PROVIDE INSURANCE FOR YOUR CONTENTS DEFINITIONS: The words “you,” “your,” or “Renter” refer to each Renter or Co-Renter identified on the Safe Deposit Box Rental Agreement (“Rental Agreement’) which incorporates these Safe Deposit Box Rental Agreement Rules and Regulations (“Rules”). The word “Box” refers to your safe deposit box. The word “Bank”refers to Bank of America, N.A. The word “Lease”collectively and individually means the Rental Agreement signed by the Renter, the Schedule of Fees and these Rules. The term Renter is used for convenience here and any pronouns used in connection therewith shall be construed to include the masculine, feminine and neuter gender, whenever and wherever the context so admits or requires; and the singular includes the plural and vice versa. As used in these Rules the term State shall include the District of Columbia. IMPORTANT NOTICE: (1) The contents of your safe deposit box may not be fully protected against loss under the insurance coverage maintained by the bank or safe deposit company. (2) For your protection, you agree to secure your own insurance through an insurance company of your choice. (3) You should keep a complete list and description of all property stored in your safe deposit box, and any available proof of ownership. CONTENTS NOT INSURED: The contents of your box are not insured by the Bank, the Federal Deposit Insurance Corporation, or by any government agency or private corporation. Renteris solely responsible for securing adequate insurance for the Box contents. You alone know what contents have been placed in your Box. LIMITATIONOF LIABILITY: Due tothedifficulty in verifying the contents of a Box or the value of the contents, it would be impractical and extremely difficult to anticipate or fix actual damages. Therefore, the Bank’s liability for any loss in connection with the Box, for whatever reason, Shall not exceed ten (10) times the annual rent charged for the Box except as otherwise provided by law. CHANGES TO THIS AGREEMENT: Except as otherwise provided by law, we may change the Rules at any time. We may add new terms. We may delete or amend existing terms. We may make changes to the Rules without prior notice unless otherwise required by law. If we change the Rules, then the current version of the Rules supersedesall prior versions and governs the Box. If you continue to use and access the Box or keep it open, you are deemed to accept and agree to the change and are bound by the change. If you do not agree with a change, you may close the Box as provided in the Rules. SELF-SERVICE: If you rent a safe deposit box at Secure Lock Self-Service location, you understand and agree that the Box is not subject to dual control with the Bank. Renter will have the only keys for accessing the Box and shall take appropriate action to safeguard the keys. The Bank will establish certain Renter identification equipment at the entrance to the Box area. To be allowed access to the Box area, you will be required to meet the requirements of such equipment. You agree not to allow any person into the Box area who has not been authorized by the Bank and who could not meet the requirements of the Renter identification equipment. You further agree that if you do allow such unauthorized person access to the Box area, the Bank shall not be liable if property placed in the Box is removed by any such person and you will hold the Bank harmless for any liability it may incur related to the unauthorized person’s presence in the Box area. STANDARD OF CARE: This Rental Agreement does not imply or establish any relation of bailor and bailee or landlord and tenant between the Bank and Renter. Renter assumes all risks arising out of the deposit of property in the Box, except that the Bank is not exemptfrom liability due to its own willful injury to such property. Renter agrees that the Bank shall not be liable for any loss sustained by Renter, unless such loss is caused by some specific and clearly proven willful act of the Bank. The Bank is not liable for any property taken from the Box pursuant to court order or other judicial process or removal by any law enforcement official. In no event shall the Bank be liable for any consequential or special damages regardless of whether or not the Bank was advised ofthe possibility or existence of such damages. The Bank shall in no event be liable for the loss of money, cash, coin, jewelry, bullion, or any other articles for which the tracing or identification would be more difficult than that of the bonds or stock certificates. Evidence tending to prove that any items were left in the Box upon the last previous entry by Renter or any authorized representative and that the same or any part thereof were found missing from the Box upon subsequent entry shall not be sufficient to raise a presumption that the same were lost by any negligence or wrongdoing for which the Bank is responsible, or place the burden on the Bank to prove that the alleged loss was notthe fault of the Bank. RENTAL TERMS: Youagree to payall the various fees applicable to Safe Deposit Boxes as set forth in our Schedule of Fees, as modified from time to time, which Schedule of Fees is incorporated by reference in the Rental Agreement. Box rental is for a term of one year from the date you rent the Box. If you keep the keys beyond the renewal, you shall be considered to have renewed the Box for another term at the rates in effect on the anniversary date. Your rentals are payable yearly in advance. The Bank may offer a rental discount if you elect to have your rental payment debited from your Bank of America deposit account. This discount will be a percentage of your annual rent, rounded to the nearest whole dollar. Failure to pay rentals could result in the contents of the Box, or the proceedsof the sale of the contents, being considered unclaimed property which is subjectto escheatment to the appropriate State. The Bank reserves the right to refuse to accept payment if the proposed method of payment maycreate risk to the Bank, in the Bank’s sole discretion, provided that other methods of paymentare available to you for the amounts owed. You agree that you will still be responsible for all payments due under the terms of the Rental Agreement and these Rules. It is agreed that Bank of America may take any means necessary as permitted by law to collect unpaid rental and fees, including referring your account to a third party for collection and/or being reported to a credit reporting agency for non-payment. NNJ 00-14-5571M 08-2017
Transcript of YOU ALONE KNOWWHATIS IN YOURBANK OFAMERICA SAFE … · Rules, then the current version ofthe Rules...
BankofAmericaBANK OF AMERICA,N.A. (THE "BANK") Safe Deposit Box Rental Agreement Rules and Regulations
These Safe Deposit Box Rules and Regulations govern yourrights andliabilities and those ofBank ofAmerica, N.A.and are a part ofthe Safe DepositBox Rental Agreement.
YOU ALONE KNOW WHATIS IN YOUR BANK OF AMERICA SAFE DEPOSIT
BOX. FOR YOUR COMPLETE PROTECTION, WE SUGGEST YOU
PRIVATELY INSURE THE CONTENTS.
BANK OF AMERICA DOES NOT PROVIDE INSURANCE FOR YOUR CONTENTS
DEFINITIONS: The words “you,” “your,” or “Renter” refer to each Renter or Co-Renter identified on the Safe Deposit Box Rental Agreement
(“Rental Agreement’) which incorporates these Safe Deposit Box Rental Agreement Rules and Regulations (“Rules”). The word “Box”refers to yoursafe deposit box. The word “Bank”refers to Bank of America, N.A. The word “Lease”collectively and individually means the Rental Agreementsigned by the Renter, the Schedule of Fees and these Rules. The term Renter is used for convenience here and any pronouns used in connectiontherewith shall be construed to include the masculine, feminine and neuter gender, whenever and wherever the context so admits or requires; and the
singular includes the plural and vice versa. As used in these Rules the term State shall include the District of Columbia.
IMPORTANT NOTICE:(1) The contents of your safe deposit box may not be fully protected against loss under the insurance coverage
maintained by the bank or safe deposit company. (2) For your protection, you agree to secure your own insurance through an insurance
companyofyour choice. (3) You should keep a complete list and description ofall property stored in your safe deposit box, and any available
proof of ownership.
CONTENTS NOT INSURED:Thecontents of your box are not insured by the Bank, the Federal Deposit Insurance Corporation, or by any
governmentagency or private corporation. Renteris solely responsible for securing adequate insurance for the Box contents. You alone know
what contents have been placed in your Box.
LIMITATIONOFLIABILITY:Duetothedifficulty in verifying the contents of a Box or the value ofthe contents, it would be impractical and
extremely difficult to anticipate or fix actual damages. Therefore, the Bank’sliability for any loss in connection with the Box, for whatever
reason, Shall not exceed ten (10) times the annual rent charged for the Box except as otherwise provided by law.
CHANGES TO THIS AGREEMENT:Except as otherwise provided by law, we may change the Rules at any time. We may add new terms. We
may delete or amend existing terms. We may make changes to the Rules without prior notice unless otherwise required by law. If we change theRules, then the current version of the Rules supersedesall prior versions and governs the Box. If you continue to use and access the Box or keep itopen, you are deemed to accept and agree to the change and are bound by the change. If you do not agree with a change, you may close the Box as
provided in the Rules.
SELF-SERVICE:If you rent a safe deposit box at Secure Lock Self-Service location, you understand and agree that the Box is not subject to dualcontrol with the Bank. Renter will have the only keys for accessing the Box and shall take appropriate action to safeguard the keys. The Bank will
establish certain Renter identification equipment at the entrance to the Box area. To be allowed access to the Box area, you will be required to meet therequirements of such equipment. You agree not to allow any person into the Box area who has not been authorized by the Bank and who could notmeet the requirements of the Renter identification equipment. You further agree that if you do allow such unauthorized person access to the Box area,the Bank shall not be liable if property placed in the Box is removed by any such person and you will hold the Bank harmless for any liability it mayincur related to the unauthorized person’s presence in the Box area.
STANDARD OF CARE:This Rental Agreement does not imply or establish any relation of bailor and bailee or landlord and tenant between theBank and Renter. Renter assumesall risks arising out of the deposit of property in the Box, except that the Bank is not exemptfrom liability due to itsown willful injury to such property. Renter agrees that the Bank shall not be liable for any loss sustained by Renter, unless such loss is caused bysomespecific and clearly proven willful act of the Bank. The Bank is not liable for any property taken from the Box pursuant to court order or other
judicial process or removal by any law enforcementofficial.
In no event shall the Bank be liable for any consequential or special damages regardless of whether or not the Bank was advised ofthe possibility orexistence of such damages. The Bankshall in no event be liable for the loss of money, cash, coin, jewelry, bullion, or any other articles for
which the tracing or identification would be more difficult than that of the bondsor stock certificates. Evidence tending to prove that any items
were left in the Box upon the last previous entry by Renter or any authorized representative and that the same or any part thereof were found missingfrom the Box upon subsequent entry shall not be sufficient to raise a presumption that the same were lost by any negligence or wrongdoing for whichthe Bankis responsible, or place the burden on the Bankto prove that the alleged loss was not the fault of the Bank.
RENTALTERMS:Youagree to payall the various fees applicable to Safe Deposit Boxes as set forth in our Schedule of Fees, as modified from timeto time, which Schedule of Fees is incorporated by reference in the Rental Agreement. Box rental is for a term of one year from the date you rent theBox. If you keep the keys beyond the renewal, you shall be considered to have renewed the Box for another term at the rates in effect on theanniversary date. Your rentals are payable yearly in advance. The Bank may offer a rental discount if you elect to have your rental payment debited
from your Bank of America deposit account. This discount will be a percentage of your annualrent, rounded to the nearest whole dollar. Failure topay rentals could result in the contents of the Box, or the proceedsofthe sale of the contents, being considered unclaimed property which is subjectto
escheatmentto the appropriate State. The Bankreserves the right to refuse to accept payment if the proposed method of payment maycreate risk tothe Bank, in the Bank’s sole discretion, provided that other methods of paymentare available to you for the amounts owed. You agree that you willstill be responsible for all payments due under the terms of the Rental Agreement and these Rules. It is agreed that Bank of America may take any
means necessary as permitted by law to collect unpaid rental and fees, including referring your account to a third party for collection and/or beingreported to a credit reporting agency for non-payment.
NNJ
00-14-5571M 08-2017
