Offer Terms and Conditions

Special Offer

The following are the terms and conditions (the “Terms”) for the Offer (as defined below) to the members (the “Legion Members”) of The Royal Canadian Legion (“Legion”) who receive a CHIP^TM reverse mortgage with HomeEquity Bank (the “Bank”). Subject to the eligibility criteria described below, you will receive a $500 rebate (the “Offer”) within 90 days following the funding of your CHIP^TM reverse mortgage. The Offer is offered by the Bank in partnership with Legion.

Acceptance of Terms

By providing your Legion Member number to the Bank you accept the Terms of the Offer.

Eligibility

This Offer is only available to Legion Members who receive a CHIP^TM reverse mortgage with the Bank.

To be eligible:

You must be a Legion Member prior to submitting an application for the CHIP^TM reverse mortgage to the Bank. Your application is deemed to be received by the Bank on the date the appraisal is ordered.
You must meet the conditions of and to and receive a CHIP^TM reverse mortgage with the Bank.

Exceptions

The Offer is not available to the existing clients of the Bank.
The Offer is limited to one application for the CHIP^TM reverse mortgage.
This Offer cannot be combined with any other offers or promotions offered by the Bank.

Payment

Within 90 days following the funding of your CHIP^TM reverse mortgage, you will receive a rebate in the amount of $500.00. If the Bank has a void cheque for your bank account on file, the rebate will be deposited into your bank account by electronic funds transfer (EFT). If the Bank does not have a bank account on file, a cheque will be issued in the name of (one of) the borrower(s) on file. The cheque must be cashed within 6 months and a replacement cheque will not be provided.

General Terms and Conditions

This Offer is subject to all applicable federal, provincial and municipal laws. The decisions the Bank makes with respect to all aspects of this Offer are final and binding on all clients without right of appeal, including, without limitation, any decisions regarding the eligibility of any person. By participating in this Offer, you are agreeing to be legally bound by these Terms.

The Bank reserves the right, in its sole and absolute discretion, to cancel, amend or suspend this Offer, or to amend these Terms, in any way without prior notice or obligation for any reason whatsoever. The Bank reserves the right, in its sole and absolute discretion, and without prior notice, to adjust any Offer mechanics stipulated in these Terms, to the extent necessary, as a result of any circumstances which, in the opinion of the Bank, in its sole and absolute discretion, affect the proper administration of this Offer as contemplated in these Terms, or for any other reason. Notwithstanding any other provision in these Terms, posting of the current version of these Terms at www.chipmoney.ca/legionterms shall be deemed to be notice to you, where notice is required to be given to you.

By participating in this Offer, each participant expressly consents to the Bank, its agents and/or representatives, storing, sharing, using and disclosing the personal information submitted while participating in this Offer for the purpose of administering this Offer and in accordance with the Bank’s privacy policy (available at: http://www.homequitybank.ca/privacy/).

In the event of any discrepancy or inconsistency between the terms and conditions as provided in these Terms and disclosures or other statements contained in any Offer-related materials, including, but not limited to point of sale, print or online advertising, the terms and conditions of these Terms shall prevail, govern and control to the fullest extent permitted by law.

In the event of any discrepancy or inconsistency between the English and French version of these Terms, the terms and conditions of the English version of these Terms shall prevail, govern and control to the fullest extent permitted by law.

Trademarks are owned by the Bank or related entities.

You are responsible for any income tax liability arising from the Offer. The Bank does not issue tax receipts.