Where is the EFT Authorization attached in the Bumble Roofing Franchise Agreement?
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 the 2025 Bumble Roofing Franchise Disclosure Document, the Authorization Agreement for Prearranged Payments (Direct Debits), which serves as the EFT authorization, is included as Attachment D to the Franchise Agreement. This agreement allows Bumble Roofing to initiate debit entries to the franchisee's designated checking or savings account for payments.
The agreement requires the franchisee, as the depositor, to provide their business name, address, bank name, transit/ABA number, and account number. By signing this authorization, the franchisee permits Bumble Roofing to debit their account according to the company's instructions.
The authorization remains in effect until both Bumble Roofing and the franchisee provide written notification to the depository bank to terminate it, allowing the bank a reasonable opportunity to act on the termination request. The franchisee has the right to contest any erroneous debit entries by notifying the depository bank within a specific timeframe, either fifteen calendar days after receiving a statement or written notice of the entry or forty-five days after posting, whichever comes first.