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Individual Development Account Contract Agreement Between: North Dakota Community Action Partnership IDA Program and THE PARTICIPANT AGREES TO THE FOLLOWING: To complete participation in the IDA program
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How to fill out individual development account contract

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How to fill out individual development account contract

01
Obtain the individual development account contract form from the organization or institution offering the account.
02
Read the contract thoroughly and familiarize yourself with its terms and conditions.
03
Provide your personal information such as name, address, contact details, and identification number as requested in the contract.
04
Understand the deposit and withdrawal procedures mentioned in the contract.
05
Determine the amount you wish to deposit into the individual development account and mention it in the contract.
06
Review any income eligibility requirements mentioned in the contract and ensure that you meet them.
07
Sign the contract, indicating your agreement to the terms and conditions.
08
Submit the completed contract to the organization or institution offering the individual development account.
09
Keep a copy of the contract for your records.

Who needs individual development account contract?

01
Individuals who are interested in saving money for personal or professional development.
02
People who want to take advantage of matched savings programs or financial incentives.
03
Individuals who fulfill the income eligibility requirements specified by the organization or institution offering the individual development account.
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An individual development account contract is a savings account for low-income individuals designed to help them save towards specific goals such as education, homeownership, or starting a small business.
Low-income individuals who are participating in an individual development account program are required to file an individual development account contract.
Individuals must provide personal information, financial information, details of the savings goal, and agree to the terms and conditions of the individual development account program when filling out the individual development account contract.
The purpose of the individual development account contract is to help low-income individuals save money in a structured way towards specific goals, thus promoting financial stability and asset building.
The individual development account contract must include personal details, financial information, savings goal, contributions made, and any withdrawals or earnings from the account.
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