Payment Authorization Terms

Terms:

I understand that I am to retain all copies of invoices submitted for payment. I confirm that I am directing New Direction Trust Company (NDTCO) Custodian, to complete this transaction as specified above. I understand that my account is self-directed, and I take complete responsibility for any investment I choose for my account, including the investment referenced in this Payment Authorization Letter. I understand that I am responsible for ensuring that adequate funds are available in my Account to execute this transaction. I understand that funds in the Account may not be immediately available in order to pay expenses and that all non-certified funds are available 5 business days after deposit to Custodian’s bank. Funds are available the day following deposit if received by cashier’s check, money order, or bank wire. Recurring payments must be for the amount specified in this Payment Authorization Letter, if designated.  

NDTCO is not responsible or liable for late fees assessed on bills due to unavailable funds, late receipt of an invoice/bill or lack of clear instructions on this Payment Authorization Letter. I understand that in processing this transaction NDTCO is only acting at my direction, and nothing shall be interpreted as conferring fiduciary status on the custodian.  

If applicable, you authorize NDTCO to charge the credit card for recurring payments as specified in the agreement.  All payments made to NDTCO are non-refundable, except as otherwise provided in the agreement.  Any disputes regarding charges must be submitted in writing within 30 days of the charge.  You agree to provide a valid credit card and ensure sufficient funds are available to cover the charges.  If the credit card become invalid, you agree to provide a new valid credit card upon request.

I agree that NDTCO will not be liable for any investment losses sustained by me or my account as a result of this transaction. I agree to indemnify and hold harmless NDTCO from any and all claims, damages, liability, actions, costs, expenses, including reasonable attorney fees, and any loss to my account as a result of any action taken in connection with this investment transaction or resulting from serving as the Custodian for this investment, including, without limitation, claims, damages, liability, actions and losses asserted by me. I understand that no person at NDTCO has the authority to modify any of the foregoing provisions. I certify that I have examined this Payment Authorization Letter and any accompanying documents or information, and to the best of my knowledge and belief, it is all true, correct and complete. I confirm that I have read and agree with the previous terms and that this payment is for the expenses of the asset held in my plan and does not constitute a prohibited transaction as defined in IRC§ 4975.