The draft amount will be changed automatically if there is an increase in the recurring amount. ACH Direct Debit is applicable to all monthly recurring assessments, utility and usage fees and charges (if any) imposed against the Unit by the governing documents of the Association.
Please Note: ACH Deductions are scheduled on the 5th of each month. If the 5th falls on a weekend or holiday, it will be scheduled on the next available business day. Your completed ACH form must be received by the 20th of the month in order to be effective for the following month.
I understand that this authorization will remain in effect until I cancel it in writing, and I agree to notify CAMCO in writing of any changes in my account information or termination of this authorization at least 15 days prior to the next billing date. If the above noted payment date falls on a weekend or holiday, I understand that the payments will be executed on the next business day. For ACH debits to my checking/savings account, I understand that because these are electronic transactions, these funds may be withdrawn from my account as soon as the above noted periodic transaction dates. In the case of an ACH transaction being rejected for Non-Sufficient Funds (NSF), I understand that CAMCO may at its discretion attempt to process the charge again within 30 days, and agree to any applicable fees for each attempt returned NSF which will be initiated as a separate transaction from the authorized recurring payment. I acknowledge that the origination of ACH transactions to my account must comply with the provisions of U.S. law. I certify that I am an authorized user of this credit card/bank account and will not dispute these scheduled transactions with my bank or credit card company; so long as the transactions correspond to the terms indicated in this authorization form and the governing documents of the Association.