Deposits held in escrow pending approval. Released within 3 business days if application not approved. Once approved, deposits are acceptance by agency and constitute a commitment to issue a lease. Lease fulfillment resides with applicant: failure to proceed with a lease in 30 days converts deposit to liquidated damages. I recognize that as a part of processing my application, information is obtained through public records, consumer reports and personal interviews with others. By submitting my application I am agreeing to the above consumer credit reporting activities.