Disclosure Statement and Consent to Electronic Communications, Disclosures, and Signatures

Last Updated August 2024

PLEASE CAREFULLY READ THIS DISCLOSURE STATEMENT AND CONSENT TO ELECTRONIC COMMUNICATIONS, DISCLOSURES, AND SIGNATURES (THIS “E-CONSENT”) AND PRINT A COPY OR RETAIN THIS E-CONSENT ELECTRONICALLY FOR FUTURE REFERENCE.

Introduction

You (hereafter “you” and “your”) are submitting an online credit inquiry or application to BlueChip Financial dba Spotloan (“Spotloan”, “we”, “us”, and “our”). In order for us to (a) process your credit inquiries and applications, (b) use and accept electronic signatures, and (c) electronically provide disclosures and other communications related to your credit inquiries, applications, and any credit or other transaction documents that we may enter into with you (now or in the future), we must obtain your authorization as provided in this E-Consent. As used herein, “Communications” means agreements, legally-required disclosures, notices, documents, policies, statements, information and other communications.

Scope of E-Consent

By agreeing to this E-Consent and proceeding with your credit inquiry or application, you are acknowledging and agreeing to conduct transactions electronically with Spotloan, to sign documents and contracts electronically, and to receive Communications from us electronically. You also are agreeing to all of the terms and conditions in this E-Consent. Communications that we may provide to you electronically include but are not limited to: (a) your credit inquiries and applications; (b) any credit agreement, loan agreement, promissory note, privacy policy and related annual notice, recurring and one-time payment authorizations, and this E-Consent; (c) adverse action notices and related disclosures and information; and (d) all other agreements, disclosures, notices, documents, policies, statements, information and other communications from us.

You may choose not to agree to this E-Consent, but if you do not agree you will not be eligible to apply for credit from Spotloan. If you do not agree to conduct transactions electronically with Spotloan, to sign documents and contracts electronically, to receive Communications by electronic delivery, or to all of the terms and conditions in this E-Consent, do not agree to this E-Consent and do not proceed with your credit inquiry or application.

Technology Requirements for Receiving Communication and Doing Business Electronically

Before you decide to do business electronically with us, you should consider whether you have the required hardware and software capabilities described below.

To receive Communications electronically, you will need:

A functioning personal computer, laptop, smart phone, tablet, or other electronic device with an Internet connection (“Device”). The Device must run one of the following operating systems: Windows 7 (NT 6.1) or higher; Apple macOS X 10.13 (High Sierra) or higher; iOS 13.5.1 or higher; or Android 8.0 (Oreo) or higher.
An e-mail account, to which we will send all communications.
A current web browser that supports 128-bit encryption (e.g., Internet Explorer 11 and above, Microsoft Edge 44.19041, Microsoft Edge 83.0.478.54, Mozilla Firefox 78 and above, Google Chrome 83.0.4103 and above, or Safari 13 and above) with cookies and JavaScript enabled.
A current version of a software program that accurately reads and displays PDF files, such as Adobe Acrobat Reader 15 or higher.
In order to retain and/or print electronic Communications, your Device will need to be able to save and store Communications and/or you will need a working printer connected to your device.

By proceeding with your credit inquiry or application, you acknowledge and agree that you have the technological capacity to receive, access, and retain Communications in the designated formats as described above.

Option for Paper or Non-Electronic Records

You may request a paper copy of any electronic Communication at no charge by emailing us at [email protected] or by mailing a written request to P.O. Box 720, Belcourt, ND 58316.

Withdrawing Consent

You may withdraw your consent to receiving Communications electronically by emailing us at [email protected] or writing to us at P.O. Box 720, Belcourt, ND 58316. If you withdraw your consent, we may upon notice to you terminate your relationship with us, and if we do you will be required to repay your account balance immediately in full.

Change to Your Contact Information

You agree to notify us immediately of any change in the e-mail address you provided to us by emailing us at [email protected] or writing to us at P.O. Box 720, Belcourt, ND 58316.

To accept and agree to this Disclosure Statement and Consent to Electronic Communications, Disclosures, and Signatures, provide your electronic signature by checking the box next to “I agree to Spotloan’s E-Consent” and clicking the “Confirm Identity” button on the relevant application screen. By checking the box and providing your electronic signature, you acknowledge you have read, understand, and agree to be bound by this Disclosure Statement and Consent to Electronic Communications, Disclosures, and Signatures and you consent to conduct transactions electronically with Spotloan, to sign documents and contracts electronically, and to receive Communications (as defined above) from us electronically.

Spotloan is a brand owned by BlueChip Financial ("BlueChip"), a tribally-owned entity organized under and governed by the laws of the Turtle Mountain Band of Chippewa Indians of North Dakota, a federally recognized Indian tribe (the "Tribe"). BlueChip is located on, operates within, and originates and services loans from the Tribe’s reservation. Though Spotloans are available to residents of certain states, consumers should know that BlueChip’s lending license is issued by the Tribe's Lending Commission, and not by the states in which its consumers may reside. Although the visitation is electronic, consumers are coming on to the Tribe’s reservation and subject to the Tribe’s jurisdiction to obtain a Spotloan.