Terms of Service

CONSENT TO ACH WITHDRAWAL

By consenting to ACH withdrawal, you authorize Spotloan to debit your bank account according to the payment schedule listed in your loan agreement. The payment schedule assumes that you make all your payments on time. If you miss a payment and accrue additional interest or fees, Spotloan may continue to debit your account until your loan is paid in full or until you cancel it in writing, whichever comes first. Spotloan will not debit your account for an amount greater than your scheduled loan payment unless you explicitly authorize such a payment. You must notify Spotloan at least 5 business days prior to the next billing date if your account information changes or if you want to terminate this authorization. If a loan payment date falls on a weekend or holiday, Spotloan may debit the payment on the next business day. You agree to pay the returned check for NSF fee stated in your loan agreement for each debit attempt returned NSF. Do not click the "I accept these terms" button if you do not authorize Spotloan to automatically debit your account. Instead, call 1-888-681-6811 to speak with a Relationship Manager.

PERMISSION TO GATHER / VERIFY DATA

You give Spotloan permission to verify the information you provided to us in this application. We may also use the information you provided to gather additional data related to your loan application. This information may come from a number of sources, including consumer reporting agencies and sources named in this application. If we make you a loan and you consent to ACH withdrawals for loan payments, we will use the bank account information you give us to process those payments. Also, as we gather information, we may detect additional bank accounts that you own, and we will consider those accounts as we process your loan application.

CONSENT FOR ELECTRONIC SIGNATURES, RECORDS, AND DISCLOSURES

You give your consent to electronic disclosures. This consent informs you of your rights when receiving legally required disclosures, notices and information from Spotloan.

Option for Paper or Non-Electronic Records. You may request any electronic disclosures, electronic records, and contract documents ("Disclosures") by emailing us at help@spotloan.com or by mailing your written request to P.O. Box 927, Palatine, IL 60078-0927. We will provide paper copies at no charge, and we retain all Disclosures as applicable law requires.

Scope of Consent. Your Consent and our agreement to conduct transactions electronically apply to all transactions between you and Spotloan. By exercising Your Consent, Spotloan will process your information and interact electronically during this transaction and any future online transactions. We will also send you notices related to your information and other notices electronically.

Hardware and Software Considerations. Before you decide to do business electronically with Spotloan, you should consider whether you have the required hardware and software capabilities described herein. To access and retain the Disclosures electronically, you will need to use the following computer software and hardware: A PC or MAC compatible computer or other device capable of accessing the Internet and an Internet Browser software program that supports at least 128 bit encryption, such as Microsoft® Internet Explorer, Google Chrome® Mozilla Firefox®, Opera®, Maxthon®, Avant Browser®, PhaseOut®, Deepnet Explorer®, SpaceTime®, or Safari®. If at any time during this transaction these requirements change in a way that creates a material risk that you may not be able to receive Disclosures electronically, we will notify you of these changes. You will need a printer or a long-term storage device, such as your computer’s disk drive, to retain a copy of the Disclosures for future reference. By Your Consent, you confirm that you are able to access and view records and documents in HTML format. For questions regarding the hardware and software requirements, you may email us at help@spotloan.com or write to us at P.O. Box 927, Palatine, IL 60078-0927.

Withdrawing Consent. You may withdraw Your Consent at any time and at no charge by emailing us at help@spotloan.com or writing to us at the address above with the details of your request. However, withdrawing Your Consent (1) does not change the legal effect, validity, and enforceability of prior electronic Disclosures, and (2) prevents you from doing future business with us online. Change to Your Contact Information. You must keep us informed of any change in your email address or mailing address. You can do this by sending an email to help@spotloan.com or by writing to us at the address above.

FAIR LENDING POLICY STATEMENT

Spotloan is providing you the following information in a manner consistent with principles under applicable United States federal law. It is Spotloan’s policy to make credit products and associated loan operations support services available to all qualified applicants without discriminating on the basis of race, color, religion, national origin, sex, marital status, or age (provided that the applicant is over the age of 18 and has the legal capacity to enter into a binding contract); income derived from any public assistance program; or the fact that the applicant has in good faith exercised any right under the Consumer Credit Protection Act. We will not discourage a consumer from making or pursuing an application for credit on a prohibited basis. Spotloan treats all consumers in a fair, equitable, and consistent manner on an equal opportunity basis.

TRANSFER OF RIGHTS / MAINTENANCE OF REGISTER

We may assign or transfer this Agreement, or any of our rights, without notice or your consent. This Agreement shall remain exclusively subject to the laws and courts of the Turtle Mountain Band of Chippewa Indians. BlueChip Financial ("Registrar"), acting as your irrevocably appointed agent, shall maintain at a U.S. office (1) a copy of each assignment delivered to it, and (2) a register ("Register") recording the names and addresses of the original owner and assignees, and the principal and interest owing to each from time to time pursuant to the terms of this Loan. The Register's entries shall be conclusive, and you, the Registrar, the Lender and all its assignees shall treat each person appropriately recorded in the Register as the owner of such principal and interest payments for all purposes of this Agreement, notwithstanding any contrary notice. You may obtain the name of the owner in the Register by writing the Registrar with reasonable notice, and the Registrar shall include on the Register the names and addresses of any person holding a participation interest in the Loan of which it has notice. You are not responsible for any fees or expenses for the Registrar's services.

We (or any assignee or transferee) may at any time, without notice or your consent, sell participations to any person (a "Participant") in all or a portion of such Lender's rights and/or obligations under this Agreement; provided that (i) such Lender's obligations under this Agreement remain unchanged, and (ii) you shall continue to deal solely and directly with that Lender in connection with its rights and obligations under this Agreement. The Registrar shall, acting as your irrevocably appointed agent, maintain a register with the name and address of each Participant and the principal and interest of each Participant’s interest in the Loan or other obligations under the Loan documents (the "Participant Register"). The Participant Register entries shall be conclusive absent clear error, and Lender shall treat each Person in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any contrary notice.

This Section shall be construed so that the Loan is always maintained in "registered form" according to Sections 163(f), 871(h)(2) and 881(c)(2) of the Internal Revenue Code of 1986, as amended, and the associated Treasury Regulations.