Security Escrow Policy
At Unitus Logistics LLC, we believe in a partnership built on financial transparency. This Security Escrow Policy is designed to protect our assets while ensuring that you are treated fairly and in full accordance with Federal Truth-in-Leasing regulations (49 CFR § 376.12(k)).
Federal Compliance Note
Unitus Logistics LLC complies fully with all interest-bearing requirements. Your escrow is not a company fee—it is your capital, held in trust, and returned to you with accrued interest.
1. Purpose of the Escrow Fund
The fund provides a safety net to cover potential liabilities, including physical damage beyond normal wear, unpaid tolls/violations, or outstanding maintenance advances. It ensures the equipment remains in top-tier condition for the next professional driver.
2. Funding the Escrow
We aim to make the funding process manageable for your business cash flow:
Deductions will be taken from your weekly settlement starting with your first full week of operation until the $2,000 cap is reached.
3. Interest Accrual (Your Money Grows)
Interest will be calculated based on the average yield on 91-day, 13-week Treasury bills and credited to your settlement account on a quarterly basis. You may request a balance statement at any time.
4. Termination & Refund Policy
We do not believe in "forfeiture penalties." If you return the equipment in good condition and provide notice, your money belongs to you.
The 45-Day Refund Guarantee
Within 45 days of termination, you will receive a final accounting and the remaining balance (including all interest) via direct deposit. Zero Forfeiture. Zero Skimming.
5. Dispute Resolution
If you disagree with a deduction, you have the right to request a formal review. We will sit down with you, review the receipts, and resolve the matter professionally.