Credit Policy

Credit Application

1. Credit will be allowed to those accounts that have had a good prior credit record with this company and to new accounts with an approved credit application.

2. The Credit Manager or the General Manager may determine the dollar amount of credit given to any individual or company.

3. The Closing date of the billing cycle will be after the last day of business of each month. Statements will be sent.

4. All accounts MUST BE PAID IN FULL by the 15th of each month following purchases.

5. Account balances paid with a credit card may be subject to a processing fee.

6. A finance charge of 1.5% (ANNUAL PERCENTAGE RATE OF 18%) per year will be applied to any balance not paid before the last day of business of the following month.

7. Accounts 60 days past due will be placed on COD. Dakota Plains Cooperative WILL NOT be responsible for keep fill agreements on accounts that are past due.

8. Production liens will be filed on past due accounts at the discretion of the General Manager or the Board of Directors. The cost of filing will be billed directly against the patron’s account.

9. We may accept late payments, partial payments, checks and money orders marked as being payments “in full” without losing any of our rights under this agreement.

10. Other terms and conditions subject to management’s approval.

11. We may amend this agreement from time to time by sending you advance written notice. Use of this account thereafter will indicate your agreement to the amendments

Please notify us in case of errors or questions about your statement. If you think your statement is wrong, or if you need more information about a transaction on the statement, write or call us using the information provided on the statement.

All previous Credit Policies whether stated or implied have now been rescinded and are void.