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This Pre-Authorized Payment Agreement outlines payment terms for Before and After School services, detailing fees, terms, and conditions to ensure compliance.

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What is pre-authorized payment agreement?

A pre-authorized payment agreement is a financial arrangement where a payer authorizes a payee to automatically withdraw funds from the payer's bank account on a specified schedule for recurring payments.

Who is required to file pre-authorized payment agreement?

Individuals or businesses that need to set up automatic payments for obligations such as loans, mortgages, utilities, or subscription services are typically required to file a pre-authorized payment agreement.

How to fill out pre-authorized payment agreement?

To fill out a pre-authorized payment agreement, the payer should provide their bank account details, specify the amount to be withdrawn, choose the frequency of payments, and sign the agreement to authorize the payee.

What is the purpose of pre-authorized payment agreement?

The purpose of a pre-authorized payment agreement is to streamline the payment process, ensuring that payments are made on time without the need for manual intervention by the payer.

What information must be reported on pre-authorized payment agreement?

The information that must be reported on a pre-authorized payment agreement includes the payer's name, bank account details, payment amount, payment frequency, and the authorization signature.

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