Bank of America Electronic Communications Disclosure - October 2010

Electronic Communications Disclosure

Note: This disclosure applies to communications that we are legally required to provide to you and other communications that we provide to you in connection with any or all of your accounts, products and services accessible with Online Banking, Merrill Lynch brokerage websites or other websites within the Bank of America family of companies.

Please read this Electronic Communications Disclosure (“eCommunications Disclosure”) thoroughly – it contains important information about your legal rights.This eCommunications Disclosure covers all of your accounts, products, and services with Bank of America and its affiliates (collectively, “Bank of America”, “we”, “us”, and “our”) accessible, either currently or in the future, through Online Banking, Merrill Lynch brokerage websites or other Bank of America websites. This includes, but is not limited to, the following account, product, and service types: deposit accounts, credit card, loan, brokerage accounts, insurance policies and other online services. The words “I”, “you” and “your” mean each account holder, product owner and/or service user identified on an account, product or service.

(1) Your Legal Rights

Certain laws require us to provide specific information to you in writing, which means you have a right to receive that information on paper. We may provide such information to you electronically if we first present this eCommunications Disclosure and obtain your consent to receive it electronically. Your consent will also apply to any other person named on your account, product or service, subject to applicable law. Since Online Banking and Merrill Lynch brokerage websites include some of this information, you must consent to this eCommunications Disclosure in order to use these services. At times, we may still present you with paper disclosures, but as a basic proposition we need to know that you are willing to receive disclosures and other information electronically that otherwise must be provided on paper and that you have the hardware and software needed for access to this information (and note that in Section No. 3 below, we explain ways to obtain selected disclosures or other information on paper even after you have consented to this eCommunications Disclosure).

(2) Types of Electronic Communications You Will Receive

You understand and agree that Bank of America may provide to you in electronic format only, by posting the information on the website where you access your account, product or service, such as Online Banking or Merrill Lynch brokerage websites, or through e-mail (if applicable and if you have provided a valid e-mail address) agreements, disclosures, notices, and other information and communications regarding your accounts, services and products, the use of any Online Banking, Merrill Lynch brokerage websites or our other web services, your relationship with us, and/or other programs, products or services that are or may be in the future made available to you (“Communications”). Such Communications may include, but are not limited to:

• This eCommunications Disclosure and any updates;
• The Service Agreement, other service or user agreements for online access to Bank of America websites, all updates to these agreements and all disclosures, notices and other communications regarding Online Banking and transactions you make within Online Banking or through other Bank of America websites;
• Disclosures, agreements, notices and other information related to the opening or initiation of an account, product or service including, but not limited to, account agreements, fee schedules or other disclosures or notices that may be required by the Truth in Savings Act, Electronic Fund Transfer Act, Truth in Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Gramm Leach Bliley Act, the Real Estate Settlement Procedures Act or other applicable federal or state laws and regulations;
• Periodic, annual, monthly or other statements, disclosures and notices relating to the maintenance or operation of an account, product or service including, but not limited to account information, account activity, account inactivity, payments made or due, or other statements, disclosures or notices that may be required by the Truth in Savings Act, Electronic Fund Transfer Act, Truth in Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Gramm Leach Bliley Act, the Real Estate Settlement Procedures Act or other applicable federal or state laws and regulations;
• Brokerage disclosures, agreements, statements, trade confirmations, tax reporting statements, shareholder notices, prospectus, Service Notices and Performance Reports regarding accounts, products and services accessed through Merrill Lynch brokerage websites;
• Any notice or disclosure regarding an account, product or service fee, such as a late fee, an overdraft fee, an overlimit fee, a fee for a draft, check or electronic debit returned for any reason, such as insufficient funds fee or a fee as a result of a stop payment order;
• Any notice of the addition of new terms and conditions or the deletion or amendment of existing terms and conditions applicable to accounts, products or services you obtain from us;
• Our Privacy Policy and other privacy statements or notices (by posting such notices on our website);
• Certain tax statements or notices that we are legally required to provide to you, such as the annual IRS interest statements; and
• Certain information or forms that we request from you and ask you to submit electronically, such as signature cards, W-9s, or other agreements.

(3) Setting Your Electronic Communications Preferences

After you consent to this eCommunications Disclosure, you will still be able to set your preferences to receive certain Communications in (1) both electronic and paper format; (2) electronic format only; or (3) paper format only. Setting your Communications preferences may not be available for all products, accounts or services. For more information on the availability of your electronic communications preference management options, please refer to the appropriate electronic communications preference page on the website where you access your Communications. If you decide to receive some Communications in paper and some electronically, the Communications that you receive electronically will be governed by this eCommunications Disclosure.

(4) Types of Communications You Will Receive in Paper

This eCommunications Disclosure does not apply to:

• Any notice of default, acceleration, repossession, foreclosure, or eviction, or the right to cure or reinstate or redeem under a credit agreement secured by your primary residence;
• Any notice of the cancellation or termination of life insurance benefits (excluding annuities);
• Any transactions subject to Article 9 of the Uniform Commercial Code;
• Any other communications that Bank of America determines, in its sole discretion, that you should receive in paper rather than electronic form.

Such notices and disclosures shall be mailed to the primary address we show for you in our records or otherwise delivered as required by law or the governing agreement.

(5) Hardware and Software Requirements

While you may be able to access and retain the Communications using other hardware and software, your personal computer needs to support the following requirements:

For Online Banking:

• An operating system, such as:
  • Windows 98, NT, 2000, ME, XP, Vista, or Win 7; or
  • Macintosh OS 10.x
• Access to the Internet and an Internet browser which supports HTML 4.0 and 128bit SSL encryption and Javascript, such as:
  • For PC using Windows 98, NT, 2000, ME, XP, Vista, or Win 7
    • Microsoft Internet Explorer 7.0 and higher
    • Firefox 3 and higher
    • Chrome 3.0 and higher
  • For Macintosh using OS 10.x
    • Safari 3.0 and higher
    • Firefox 3 and higher
    • Chrome 4.0 and higher

For Merrill Lynch brokerage websites:

• You must have access to a personal computer with browser software such as Microsoft Internet Explorer; Adobe Acrobat Reader; and Internet access (at your cost).
• Browser and reader versions necessary to view the Merrill Lynch brokerage websites are as follows:
  • Microsoft Internet Explorer version 6.0 and later
  • Firefox version 3.5 and later
  • Safari version 3.2 and later

Most Communications provided within Online Banking, Merrill Lynch brokerage websites or at other Bank of America websites are provided either in HTML and/or PDF format. For Communications provided in PDF format, Adobe Acrobat Reader 6.0 or later versions is required – A free copy of Adobe Acrobat Reader may be obtained from the Adobe website atwww.adobe.com.

Download Adobe Reader for free. Link opens new window.

In certain circumstances, some Communications may be provided by e-mail. You are responsible for providing us with a valid e-mail address to accept delivery of Communications.

To print or download Communications you must have a printer connected to your computer or sufficient hard-drive space (approximately 1 MB) to store the Communications.

(6) How to Withdraw Your Consent to this eCommunications Disclosure

Subject to applicable law, you may withdraw your consent to this eCommunications Disclosure by calling the appropriate toll-free customer service phone numbers. For Online Banking the customer service phone numbers are available through the Customer Service Page. For other Bank of America websites, please access the “Contact Us” link to find the appropriate phone numbers. You will not be charged a fee for withdrawal of your consent.

For Online Banking, if you withdraw your consent, we may stop providing you with Communications electronically and we may terminate your Online Banking access. Your withdrawal of consent is effective only after you have communicated your withdrawal to Bank of America by calling the appropriate customer service phone numbers and Bank of America has had a reasonable period of time to act upon your withdrawal. Your consent shall remain in force until withdrawn in the manner provided in this section.

Merrill Lynch currently maintains separate consent withdrawal processes. For online Merrill Lynch clients who wish to withdraw their consent to the eCommunications Disclosure for their Merrill Lynch products and services, please contact 1800 MERRILL for assistance.

Remember that you can always set your Communications preferences as described in Section 3 above without withdrawing your consent to this eCommunications Disclosure.

Consent Coverage; Certain Notices From You Are Not Covered. Applicable law or contracts sometimes require you to give us “written” notices. You must still provide these notices to us on paper. Your consent here does not relate to those notices.

(7) Obtaining Copies of Electronic Communications.

You may print or make a copy of Communications by using the “Print” button (or otherwise using your printing functionality) or saving a copy – do this when you first review the Communications because after submission we do not necessarily keep them all in a place that you can access. Upon request, we will provide you with a paper copy of any Communications provided electronically by Bank of America and its affiliates to you pursuant to this eCommunications Disclosure, provided we receive your request within 12 months after the date the Communication was first made available to you electronically. You may request a paper copy of these Communications by calling us at the appropriate toll-free customer service phone number for your account, product or service. Please refer to the Customer Service Page within the Online Banking or the Merrill Lynch brokerage websites or the “Contact Us” link on the Bank of America website to find the appropriate customer service phone number.

Be sure to specify your account, service or product identification number, as applicable, the specific Communication for which you are requesting a paper copy, and the address to which it should be mailed. We may charge fees for paper copies of the Communications.

(8) Updating Your Contact Information

In the event that your e-mail address or other contact information is changed, you must notify Bank of America and its affiliates of such changes immediately through one of the following methods:

• For Online Banking, access the Customer Service page within Online Banking and click the appropriate links on “Your Profile Information” to update your contact information.
• For Merrill Lynch brokerage websites, access the Profile page and click on the appropriate links on the “Personal Information” page to update your contact information; or
• Calling the appropriate toll-free customer service phone number and communicate the contact information changes.

If you fail to update or change an incorrect e-mail address or other contact information, you understand and agree that any Communications shall nevertheless be deemed to have been provided to you if they were made available to you in electronic form in Online Banking, Merrill Lynch brokerage websites or at another Bank of America website or e-mailed to the e-mail address we have for you in our records.

(9) Retain Copies for Your Records

We recommend that you print or download a copy of this eCommunications Disclosure, the Service Agreement and all other Communications to retain for your permanent records; if you have not already placed a copy of our Privacy Policy in your records, you can obtain another copy. If you are initiating the Online Banking enrollment process at a banking center, the banking center associate can provide you with paper copies.