What information are Even Hotels franchisees required to provide to Servicers to facilitate Servicers' compliance with Applicable Law?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
You further agree to cooperate and provide information requested by Servicers, as Servicers determine necessary, to facilitate Servicers' compliance with Applicable Law, including without limitation the rules and regulations promulgated by OFAC and the USA PATRIOT Act.
As part of your obligation to comply with Applicable Law, you agree not to use the Merchant Account and/or the Services for illegal transactions, for example, those prohibited by the Unlawful Internet Gambling Enforcement Act, 31 U.S.C.
Section 5361 et. seq., as may be amended from time to time or for processing and accepting transactions in certain jurisdictions pursuant to 31 CFR Part 500 et. seq. and other laws enforced by OFAC.
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to the 2025 Even Hotels Franchise Disclosure Document, franchisees are required to cooperate and provide information requested by Servicers, as deemed necessary by the Servicers, to facilitate their compliance with Applicable Law. This includes, but is not limited to, adhering to the rules and regulations promulgated by the Office of Foreign Assets Control (OFAC) and the USA PATRIOT Act.
This obligation extends to ensuring that the Merchant Account and Services are not used for illegal transactions, such as those prohibited by the Unlawful Internet Gambling Enforcement Act (31 U.S.C. Section 5361 et seq.) or for processing transactions in certain jurisdictions as outlined in 31 CFR Part 500 et seq. and other laws enforced by OFAC.
In practical terms, this means that an Even Hotels franchisee must be prepared to furnish any data or documentation requested by the Servicers to verify compliance with anti-money laundering and other applicable regulations. Failure to comply with these requests could result in penalties or termination of services. Franchisees should maintain accurate records and establish procedures to respond promptly to any information requests from Servicers to ensure ongoing compliance.