CarLoanChamp.com: Consent to Receive Electronic Documents, Privacy Notice, Terms and Conditions, and State-Specific Notices Consent to Electronic Records Consent to Electronic Records I have read the Consent to Electronic Records below and agree to conduct transactions and receive records electronically. Introduction. To the extent permitted by law, CarLoanChamp.com will provide all disclosures and notices to you in electronic form including, but not limited to, any notices (e.g., adverse action notice and privacy policy notice) required by the Equal Credit Opportunity Act, Gramm-Leach-Bliley Act, other federal law, and any implementing regulations. For purposes of this consent, these disclosures and notices are referred to as Records. This Consent to Electronic Records informs you of your rights when Records will be provided to you electronically. By consenting, you acknowledge receipt of this Consent to Electronic Records and agree to the electronic delivery of the Records. Hardware and Software Requirements. The Records will be provided to you either on the CarLoanChamp.com, in an email message, or as an attachment to an email message sent to the email address you provide as part of your request, application, or registration. To access the Records, you will need a personal computer or other access device which is capable of accessing the Internet. To retain the Record, your access device must have the ability to either download the Records to your computer’s hard drive or print the Records. Right to Withdraw Consent, Procedures for Withdrawal and Updating Information. You may withdraw your consent to receive the Records electronically at any time, or update your contact information at any time by emailing info@CarLoanChamp.com and withdrawing your consent or providing your updated contact information. Consent Applies to Transaction. Your Consent to Electronic Records applies to the transaction you’ve requested which may give rise to the obligation to provide the Records and to any other dealings or transactions you may have with CarLoanChamp.com. Right to Paper Records and Copies of Records. You have the right to have the Records provided to you in paper form, rather than electronic form. If you wish to obtain the Records in paper form, contact CarLoanChamp.com by emailing info@CarLoanChamp.com . A paper copy of the Record will be provided to you at no charge. Privacy Notice Pursuant to Gramm Leach Bliley Act & 16 C.F.R. Title 313 What privacy protections do I have with This Website? You have the right to decide how we share some personal information within our company. Please read this notice and decide if you want us to keep sharing your information or to stop sharing your information (opt out). If you want to opt out follow the procedures below. In addition, this notice describes, as the law requires, 1) the kinds of information we collect, 2) how we share that information, 3) how we protect that information. What information do we collect about you? We collect information about: Who you are, your name, address, and social security number. Your business history with us. Your credit bureaus’ ratings. Some information about you is public information. Your phone number is considered public information if it’s in a telephone book. But your phone number is considered nonpublic information if it’s an unlisted number. Your right to decide whether we share your information only applies to such nonpublic information. That means that even if you opt out, we can still share public information about you with other companies. Sharing Information Access to personal information we obtain resulting from the submission of a loan application will only be made available to service providers directly involved with the purchasing of an automobile or obtaining credit. Except as otherwise provided herein, the information we collect from you is shared with our marketing partners or other third parties. We may use the personal information that you supply to us and we may work with other third parties to bring selected retail opportunities to you via direct mail, email and telemarketing. We may sell or rent aggregated statistical information and user, member or former member specific information, including name, address, telephone number and email address, to our marketing partners or other third-parties. If you want us to stop sharing information we have about you in the future, excluding your email address, you may notify us of this fact by contacting our Customer Service department by emailing us at info@CarLoanChamp.com . When you check the box stating “Yes, I am interested in 90 day Credit Repair program” you explicitly authorize us to share your information with other companies who will help you repair your credit. Opting out of future offers or future communications from us. Please contact us at info@CarLoanChamp.com stating that you want to “OPT OUT” in the subject line and we will remove the email address that the email was sent from. Please ensure that it is the same email address that you used to apply for financing so we can ensure we opt out the proper email and information. How we safeguard your personal information This website offers up to 128-bit SSL encryption, the highest level of protection offered for Internet communications, to encrypt your information. Information such as your social security number is further encrypted within our database. TERMS and CONDITIONS I agree that you and the dealer/or lender who receives this application may obtain my credit report in order to complete the processing of my request for credit. I certify that all information provided in this online credit application is true and complete. I authorize CarLoanChamp.com and its lending partners to rely on this information to make inquiries for the purpose of evaluating and verifying this online credit application, including obtaining credit reports and contacting my employer. If unable to approve this request, I authorize CarLoanChamp.com and its lending partners to forward my credit application to nonaffiliated third parties that may assist me in obtaining financing, who may also obtain a credit report for this purpose. I acknowledge that the information provided constitutes my credit inquiry or application to CarLoanChamp.com and to any arranger of credit or creditor to which my information may be disclosed to process my inquiry or application. I further expressly agree that any arranger of credit or creditor who receives my information may contact me at the calling numbers I have provided, including my cellular phone number, using a live caller, an automated dialer, or an artificial or prerecorded voice. I intend this consent to be effective even if my calling numbers are included in a do-not-call list or registry. STATE SPECIFIC NOTICES I agree that you and the dealer/or lender who receives this application may obtain my credit report in order to complete the processing of my request for credit. I certify that all information provided in this online credit application is true and complete. I authorize CarLoanChamp.com and its lending partners to rely on this information to make inquiries for the purpose of evaluating and verifying this online credit application, including obtaining credit reports and contacting my employer. If unable to approve this request, I authorize CarLoanChamp.com and its lending partners to forward my credit application to nonaffiliated third parties that may assist me in obtaining financing, who may also obtain a credit report for this purpose. I acknowledge that the information provided constitutes my credit inquiry or application to CarLoanChamp.com and to any arranger of credit or creditor to which my information may be disclosed to process my inquiry or application. I further expressly agree that any arranger of credit or creditor who receives my information may contact me at the calling numbers I have provided, including my cellular phone number, using a live caller, an automated dialer, or an artificial or prerecorded voice. I intend this consent to be effective even if my calling numbers are included in a do-not-call list or registry. STATE SPECIFIC NOTICES CALIFORNIA RESIDENTS: If married, you may apply for credit separately as an individual. FLORIDA RESIDENTS: INSURANCE ANTI-COERCION STATEMENT FOR REAL OR PERSONAL PROPERTY THE FOLLOWING STATEMENT IS REQUIRED UNDER RULE 69B-124.002 OF THE RULES AND REGULATIONS PROMULGATED BY THE CHIEF FINANCIAL OFFICER RELATIVE TO ANTI-COERCION AND RULE 69O-124.002 OF THE RULES AND REGULATIONS PROMULGATED BY THE FINANCIAL SERVICES COMMISSION RELATIVE TO ANTI-COERCION The Insurance Laws of the State of Florida provide that the Lender may not require the Borrower to take insurance through any particular insurance agent or company to protect the mortgaged property. The Borrower, subject to the rules adopted by the Chief Financial Officer or Financial Services Commission, has the right to have the insurance placed with an insurance agent or company of his choice, provided the company meets the requirements of the Lender. The Lender has the right to designate reasonable financial requirements as to the company and the adequacy of the coverage. I have read the foregoing statement or the rules of the Chief Financial Officer or Office of Financial Services relative thereto, and understand my rights and privileges and those of the Lender relative to the placing of such insurance. MAINE RESIDENTS: You have free choice in the selection of the agent and insurer through or by which the insurance in connection with the requested loan is to be placed. Your decision to obtain any insurance product from an agent, broker or insurer of your choice will not affect the credit decision unless the insurance product you choose does not comply with the lender’s reasonable requirements. NEW HAMPSHIRE RESIDENTS: If you are applying for a balloon payment contract, upon request and before entering into the balloon payment contract, you are entitled to receive a written estimate of the monthly payment amount for refinancing the balloon payment in accord with the creditor’s existing refinance programs. A balloon contract is an installment sale contract with a scheduled final payment that is at least twice the amount of one of the earlier scheduled equal periodic installment payments. NEW YORK RESIDENTS: In connection with this application, we may request a consumer report on you. If you request, we will inform you whether or not a consumer report was requested and, if it was, of the name and address of the consumer reporting agency that furnished the report. Additional consumer reports may be ordered without further notice to you in connection with any update, renewal or extension of credit granted. OHIO RESIDENTS: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law. RHODE ISLAND RESIDENTS: Credit Reports may be obtained in connection with this application for credit. VERMONT RESIDENTS: You authorize Dealer and any financial service provider with whom this application is shared, and each of their respective employees or agents, to obtain and verify information about you (including one or more credit reports, information about your employment and banking and credit relationships) that they may deem necessary or appropriate in evaluating your credit application. If your application is approved and credit is granted, you also authorize the parties granting credit and/or holding your account, and their respective employees and agents, to obtain additional credit reports and other information about you in connection with reviewing the account, increasing the available credit on the account (if applicable), taking collection on the account, or for any other legitimate purpose. WISCONSIN RESIDENTS: No provision of a marital property agreement, a unilateral statement under Wis. Stat. 766.59, or a court decree under Wis. Stat. 766.70 applied to marital property adversely affects our interest unless you furnish a copy of such agreement, statement, or decree to us or we have actual knowledge of such adverse provision before credit is granted. Indiana Applicants, CarLoanChamp.com and its dealer affiliates have express permission to contact you by telephone, provided you have given your telephone number in the application. California Applicants: If married, you may apply for a separate account. New York Applicants: In connection with your application for credit, the dealer to whom this application is delivered may request a consumer report which contains information on your credit worthiness, credit standing, personal characteristics and general reputation. If the dealer grants you credit, it (or its assignee) may order additional consumer reports in connection with any update, renewal or extension of the credit. If you ask the dealer, it will tell you whether it obtained a consumer report and, if it did, it will tell you the name and address of the consumer reporting agency that gave it the report. Ohio Applicants: The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law. Rhode Island Applicants: A consumer report may be requested in connection with this application. Vermont Applicants: By submitting my (our) application, I (we) authorize the dealer I chose on my (our) application and its employees, agents and potential assignees to obtain and verify information about me (us) (including one or more credit reports, information about my (our) employment and banking and credit relationships) that any of them may deem necessary or appropriate in evaluating my (our) application. If my (our) application is approved and credit is granted, I (we) also authorize such parties to obtain additional credit reports and other information about me (us) in connection with reviewing the account, increasing the available credit on the account (if applicable), taking collection on the account, or for any other legitimate purpose. Wisconsin Applicants: No provision of a marital property agreement, a unilateral statement under Wis. Rev. Stat. § 766.59 or a court decree under Wis. Rev. Stat. § 766.70 adversely affects the interest of the creditor unless the creditor, prior to the time the credit is granted, is furnished a copy of the agreement, statement or decree or has actual knowledge of the adverse provision when the obligation to the creditor is incurred For Maine Applicants You have the right of free choice in the selection of the agent and insurer through or by which insurance in connection with a loan is to be placed. Obtaining insurance products from a particular agent or broker does not affect credit decisions by the lender. For Delaware Applicants 1. Notification – Every licensee shall furnish to every applicant, a copy of this regulation at the time when such application is made. Posting of this regulation in the office of the licensee in a place both prominent and easily visible to all potential applicants shall satisfy this requirement. An explanation as to the contents and limitations contained herein shall satisfy this requirement when transactions occur telephonically. An informational screen containing these limitations with an affirmative acknowledgement by the consumer, prior to application, shall satisfy this requirement for internet transactions. 2. Interest a. A lender may charge and collect interest in respect to a revolving credit plan or closed-end loan at such a daily, weekly monthly, annual, or other periodic percentage rate or rates as the agreement governing the plan or loan provides, or as established in the manner provided in such agreement. Periodic interest may be calculated on a revolving credit plan using any balance computation method provided for in the agreement governing the plan. Periodic interest may be calculated on a closed-end loan by way of simple interest or such other method as the agreement governing the loan provides. b. If the agreement governing the revolving credit plan or closed-end loan so provides, the periodic percentage rate or rates of interest may vary in accordance with a schedule or formula. Such periodic percentage rate or rates may vary from time to time as the rate determined in accordance with such schedule or formula varies and such periodic percentage rate or rates, as so varied, may be made applicable to all or any part of the outstanding unpaid indebtedness or outstanding unpaid amounts. In the case of revolving credit, such rate shall become applicable on or after the first day of the billing cycle that contains the effective date of such variation. In the case of closed-end loan transactions, such rate may be made applicable to all or any part of the outstanding unpaid amounts on and after the effective date of such variation. Without limitation, a permissible schedule or formula hereunder may include provisions in the agreement governing the revolving credit plan or closed-end loan agreement for a change in the periodic percentage rate or rates of interest applicable to all or any part of outstanding unpaid indebtedness or outstanding unpaid amounts, whether by variation of the then applicable periodic percentage rate or rates of interest, variation of an index or margin or otherwise, contingent upon the happening of any event or circumstance specified in the plan or agreement, which event or circumstance may include the failure of the borrower to perform in accordance with the terms of the revolving credit plan or loan agreement. 3. Additional Fees and Charges; Limitations – If the agreement governing the plan or loan so provides, in addition to, or in lieu of, interest at a periodic percentage rate or rates permitted by Chapter 22, Title 5 of the Delaware Code, the licensee may charge and collect the following fees and charges, subject to the limitations provided below, in respect to revolving credit plans or closed-end loans: a. Revolving Credit – with respect to a borrower, a lender may charge, collect, or receive one or more of the following fees and charges under plans subject to the provisions of Subchapter II, Chapter 22, Title 5 of the Delaware Code: i. periodic charges – a daily, weekly, monthly, annual or other periodic charge, in such amount or amounts as the agreement may provide for the privileges made available to the borrower under the plan; ii. transaction charges – a transaction charge or charges in such amount or amounts as the agreement may provide for each separate purchase or loan under the plan; iii. (iii) minimum charges – a minimum charge, in such amount or amounts as the agreement may provide for each daily, weekly, monthly, annual or other scheduled billing period under the plan during any portion of which there is an outstanding unpaid indebtedness under the plan; iv. (iv) fees for services rendered or reimbursement of expenses – reasonable fees for services rendered or for reimbursement of expenses incurred in good faith by the licensee or its agent in connection with such loan, including without limitation, commitment fees, official fees and taxes, premiums or other charges for any guarantee or insurance protecting the licensee against the borrower’s default or other credit loss, or costs incurred by reason of examination of title, inspection, recording and other formal acts necessary or appropriate to the security of the loan, filing fees, attorney’s fees, and travel expenses. In the event a borrower defaults under the terms of a plan, the licensee may, if the borrower’s account is referred to an attorney (not a regularly salaried employee of the licensee) or to a third party for collection and if the agreement governing the revolving credit plan so provides, charge and collect from the borrower a reasonable attorney’s fee. In addition, following a borrower’s default, the licensee may, if the agreement governing the plan so provides, recover from the borrower all court, alternative dispute resolution or other collection costs (including, without limitation, fees and charges of collection agencies) actually incurred by the licensee; v. (v) over limit charges – a charge in such amount or amounts as the agreement may provide, for each daily, weekly, monthly, annual or other scheduled billing period under the plan during any portion of which total outstanding indebtedness exceeds the credit limit established under the plan; vi. (vi) delinquency charges – a late or delinquency charge upon any outstanding unpaid installment payments or portions thereof under the plan which are in default; provided, however, that no more than 1 such late or delinquency charge may be imposed in respect of any single such installment payment or portion thereof regardless of the period during which it remains in default; and provided further, however, that for the purpose only of the preceding provision all payments by the borrower shall be deemed to be applied to satisfaction of installment payments in the order in which they become due. vii. (vii) returned check charges – a returned check charge may be assessed to consumers, in such amount or amounts as the agreement may provide, provided the amount(s) of such charges are customary and reasonable for checks that are returned unpaid. viii. (viii) termination fees – a charge in such amount or amounts as the agreement may provide to terminate revolving credit plan. ix. (ix) charges incurred in connection with real estate secured transactions – in the case of revolving credit secured by real estate such additional charges as outlined in item (3)(c) of this regulation may also be collected within the limitations stated therein. b. Closed-end Credit – with respect to a borrower, a lender may charge, collect, or receive one or more of the following fees for loans subject to the provisions of Subchapter III, Chapter 22, Title 5 of the Delaware Code: i. fees for services rendered or reimbursement of expenses – reasonable fees for services rendered or for reimbursement of expenses incurred in good faith by the licensee or its agent in connection with such loan, including without limitation, commitment fees, official fees and taxes, premiums or other charges for any guarantee or insurance protecting the licensee against the borrowers default or other credit loss, or costs incurred by reason of examination of title, inspection, recording and other formal acts necessary or appropriate to the security of the loan, filing fees, attorney’s fees, and travel expenses. In the event a borrower defaults under the terms of the loan, the licensee may, if the borrower’s account is referred to an attorney (not a regularly salaried employee of the licensee) or to a third party for collection and if the agreement governing, or the bond, note or other evidence of, the loan so provides, charge and collect from the borrower a reasonable attorney’s fees. In addition, following a borrower’s default, the licensee may, if the agreement governing, or the bond, note or other evidence of, the loan so provides, recover from the borrower all court, alternative dispute resolution or other collection costs (including, without limitation, fees and charges of collection agencies) actually incurred by the licensee; ii. deferral charges – a deferral charge may be assessed to a borrower in accordance with an agreement to permit the borrower to defer installment payments of a loan; iii. delinquency charges – if the agreement governing the loan so provides, a late or delinquency charge may be imposed upon any outstanding unpaid installment payment or portions thereof under the loan agreement which are in default; provided, however, that no more than 1 such delinquency charge may be imposed in respect of any single such installment payment or portion thereof regardless of the period during which it remains in default; and provided further that no such delinquency charge may exceed 5% of the amount of any such installment or portion thereof in default; iv. returned check charge – if the agreement governing the loan so provides, a returned check charge may be assessed to consumers for checks that are returned unpaid provided the amount(s) of such charges are customary and reasonable. v. charges incurred in connection with real estate secured transactions – in the case of closed end credit secured by real estate such additional charges as outlined in item (3)(c) of this regulation may also be collected within the limitations stated therein. c. Real Estate Secured Transactions – with respect to a borrower, a lender may charge, collect, or receive one or more of the following fees and charges subject to the limitations herein, for loans subject to the provisions of Subchapters II (Revolving Credit) and III (Closed-End Credit), Chapter 22, Title 5 of the Delaware Code when such loans are secured by real estate: i. loan origination points – points charged to the borrower on the lender’s behalf for any purpose other than to reduce the periodic interest rate applicable to the mortgage loan may not exceed 10% of the principal amount of the loan. Such points may be deducted from the gross proceeds of the loan. For purposes of this regulation “gross proceeds” is the amount financed as defined in Federal Reserve Regulation Z; ii. loan discount points – points charged to the borrower as a function of rate for the purpose of reducing the periodic interest rate applicable to the mortgage loan. Such points may be deducted from the gross proceeds of the loan; iii. property appraisal fees – property appraisal fees shall be limited to the amount paid to a third party for such appraisal and shall be limited to those amounts that are customary and reasonable; iv. credit report fees – credit report fees shall be limited to the actual cost of the report if paid to a third party, not an employee of the lender or affiliate. Such amounts shall be customary and reasonable; v. mortgage loan broker compensation fees – mortgage loan broker compensation may be deducted from the gross proceeds of the loan. Such amounts shall reasonably reflect the value of the goods, services and facilities provided; vi. tax certification and service fees – fees for agreements to provide certification of the current tax status of the property as well as fees for ongoing monitoring and notice to the lender of all tax and improvement lien payments as they become due shall be limited to those amounts actually expended for such purposes. Such amounts shall be customary and reasonable; vii. flood hazard certification or determination fees – determination fees may be charged for determining whether the property is or will be located in a special flood hazard area. This fee may also include the cost of life-of-loan monitoring. Such amounts shall be customary and reasonable; viii. title abstract/search/examination and title insurance premiums – title insurance and/or cost of a title certificate search, examination and binder shall be limited to those amounts actually expended for such purposes. Such amounts shall be customary and reasonable and may, at the borrower’s discretion, include owner’s coverage in addition to lender’s coverage; ix. legal fees – legal fees incurred in securing or closing a loan shall be limited to amounts actually paid to an attorney not in the employ of the lender, its parent, or affiliate, and such charges shall not exceed those which are customary and reasonable; x. recording/satisfaction fees – recording/satisfaction fees shall be limited to those actually expended by the lender to any governmental authority for protection of interest in collateral tendered. The State Bank Commissioner may approve the payment of alternative fees for this purpose provided the amount of said fee (payable by the borrower) shall not exceed the amount which would be payable to any governmental authority for protection of interest in collateral tendered; xi. property survey fees – property survey fees to obtain a drawing that delineates the exact boundaries of a property, including lot lines and placement of improvements on the property, shall be limited to those amounts actually expended for such purposes. Such amounts shall be customary and reasonable; xii. pest inspection fees – pest inspection fees to cover inspections for terminates or other pest infestation on the property shall be limited to those amounts actually expended for such purposes. Such amounts shall be customary and reasonable; xiii. fees incidental to loan closing – other fees and charges including but not limited to: odd days interest, hazard and mortgage insurance premiums, escrow reserves, lender’s inspection fees, mortgage insurance application fees, assumption fees, underwriting fees, document preparation fees, settlement or closing fees, notary fees, funding fees, fees for lead based paint or other inspections and overnight mail fees may be charged and such amounts shall be customary and reasonable; xiv. prepayment penalties – a charge in such amount or amounts as the agreement so provides imposed in connection with the payoff and termination of a revolving credit plan or closed end loan secured by real estate; xv. notwithstanding the provisions of this item (3)(c) of this regulation, Licensed Lenders who are making mortgage loans pursuant to the rules, regulations, guidelines and/or loan forms established by the State of Delaware or federal governmental or quasi-governmental entity (including, without limitation, the Federal Housing Administration, the Government National Mortgage Association, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation) shall be permitted to charge and collect any fees, charges or sums prescribed to be charged and collected in connection with a mortgage loan originated pursuant to a lending program conducted or supervised by any such entity. CarLoanChamp.com is committed to protecting the privacy of consumers. If you have any questions, comments or concerns regarding our Privacy Policy and its implementation, please do not hesitate to e-mail us at info@CarLoanChamp.com.