What authorization is attached to the Bumble Roofing Franchise Agreement related to EFT?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
that this Statement of Ownership applies to the Roofing Business | | to Franchisor in writing. | | Use additional sheets if necessary. Any and all changes to the above information must be reported | | Date | Name | |
ATTACHMENT D TO FRANCHISE AGREEMENT
BY AND BETWEEN BUMBLE ROOFING FRANCHISOR, LLC AND
______________________________________________ ("FRANCHISEE") AUTHORIZATION AGREEMENT FOR PREARRANGED PAYMENTS (DIRECT DEBITS)
The undersigned depositor ("Depositor") hereby authorizes BUMBLE ROOFING FRANCHISOR, LLC ("Company") to initiate debit entries and/or credit correction entries to the undersigned's checking and/or savings account(s) indicated below and the depository designated below ("Depository") to debit such account pursuant to Company's instructions.
Depositor's Business Name Bank Name Depositor's Business Address City, State, Zip Code Bank Transit/ABA Number Account Number state banking laws. This authority is to remain in full force and effect until Depository has received joint written notification from Company and Depositor of the Depositor's termination of such authority in such time and in such manner as to afford Depository a reasonable opportunity on which to act. If an erroneous debit entry is initiated to Depositor's account, Depositor shall have the right to have the amount of such entry credited to such account by Depository, if (a) within fifteen (15) calendar days following the date on which Depository sent to Depositor a statement of account or a written notice pertaining to such entry or (b) forty five (45) days after posting, whichever occurs first, Depositor shall have sent to Depository a written notice identifying such entry, stating that such entry was in error and requesting Depository to credit the amount thereof to such account.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, Attachment D to the Franchise Agreement is an authorization agreement for prearranged payments via direct debit. This agreement allows Bumble Roofing Franchisor, LLC to initiate debit entries to the franchisee's checking or savings account.
The franchisee, as the depositor, authorizes Bumble Roofing to debit their account according to the company's instructions. The authorization remains in effect until the depository (bank) receives written notification from both Bumble Roofing and the franchisee to terminate it, allowing reasonable time for the bank to act on the notification.
If an erroneous debit entry occurs, the franchisee has the right to have the amount credited back to their account. To do so, the franchisee must send a written notice to the depository within fifteen calendar days of receiving a statement or notice of the error, or within forty-five days after the debit was posted, whichever comes first. This agreement is in addition to any rights the franchisee may have under federal and state banking laws.