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Preferred Payment PlanSM Terms and Conditions

  • I authorize Wells Fargo, its authorized representatives and service providers to initiate electronic withdrawals from my designated account to make monthly payments on my mortgage.

  • I understand that I will receive confirmation specifying the date the electronic withdrawals will begin. I understand that I will continue to make my payment until I receive this confirmation and electronic withdrawals begin.

  • I understand that this authorization and the program services in no way alter or lessen my obligation under my existing mortgage contract regarding the amount of monthly payments, when payments are due, the applications of payments, the assessment of late charges or the determination of delinquencies. I must maintain sufficient funds in my account for withdrawal of my monthly payment.

  • I understand that withdrawn funds may not be applied to my mortgage until sufficient funds have accumulated for a full monthly payment to be made.

  • I understand the electronic withdrawal amount will vary with changes in escrow or principal and interest components, if applicable.

  • I understand that I must provide Wells Fargo notice of at least 10 days for any requests to modify, change or terminate participation in this program. I understand that if I modify, change, or terminate participation in the program, I may not realize the benefits.

  • I agree to be bound by the program’s Terms and Conditions, which are stated here.


Your Preferred Payment Plan Authorization Code is: AMPTAC
To sign upcall 1-866-386-8519
 
Equal Housing Lender