North Dakota Issuer — Underwrite— - Oriented Sample Stored Value Product Agreement and Disclosures The North Dakota Issuer — Underwrite— - Oriented Sample Stored Value Product Agreement and Disclosures refer to a contractual agreement between the issuer, underwriter, and users of a stored value product in the state of North Dakota. This agreement outlines the terms and conditions of using and accessing the stored value product, ensuring transparency and protection for all parties involved. Stored value products, commonly known as prepaid cards, provide a convenient alternative to carrying cash or using a traditional debit or credit card. These products can be utilized for various purposes such as gift cards, payroll cards, travel cards, and more. To ensure compliance with North Dakota laws and regulations, the Issuer — Underwrite— - Oriented Sample Stored Value Product Agreement and Disclosures specify the responsibilities and obligations of each party involved. The agreement typically covers several key aspects, including: 1. Definitions: Clear definitions of terminology related to the stored value product are provided to avoid any confusion or misunderstandings. 2. Cardholder Rights and Responsibilities: The rights and responsibilities of the cardholders are outlined, including their ability to access and manage their prepaid card accounts, dispute resolution processes, and liability for unauthorized transactions. 3. Fees and Charges: The agreement discloses all applicable fees, including service charges, reload fees, transaction fees, and any other fees associated with the use of the stored value product. It also specifies the circumstances under which these fees may be waived or refunded. 4. Limitations and Expiration: Any limitations on the usage of the stored value product, such as maximum withdrawal limits, spending caps, and expiration dates, are clearly stated in the agreement. 5. Privacy and Data Security: The agreement highlights the issuer's commitment to protecting cardholders' personal information and ensures compliance with privacy laws and regulations. 6. Card Replacement and Cancellation: Procedures for card replacement, lost or stolen cards, and cancellation are detailed, ensuring cardholders have appropriate recourse in case of these events. 7. Disclosures: All necessary disclosures, such as contact information for customer service, dispute resolution procedures, and available customer support channels, are provided to assist cardholders in accessing assistance if needed. Different types of North Dakota Issuer — Underwrite— - Oriented Sample Stored Value Product Agreement and Disclosures may exist based on the specific category of stored value products. For example, there could be separate agreements and disclosures for payroll cards, gift cards, or travel cards, each tailored to address the unique features and requirements of those products. In conclusion, the North Dakota Issuer — Underwrite— - Oriented Sample Stored Value Product Agreement and Disclosures establish the terms, conditions, and rights associated with utilizing a prepaid or stored value product in North Dakota. This comprehensive agreement ensures transparency, protection, and clarity for all parties involved, promoting a secure and efficient prepaid card ecosystem.