User Agreement and Terms of Service

Effective Date: 08/20/2024

Please read these Terms of Service ("Terms") carefully before using New Term Lending ("the App"), operated by Auto Equity Inc ("the Company"). By accessing or using the App, you agree to be bound by these Terms. If you do not agree to any part of the Terms, you should discontinue use of the App immediately.

1. Eligibility and Account Responsibilities

By using the App, you confirm that you are a professional working on behalf of the commercial entity that you are referring, or a legally responsible representative of a commercial entity seeking financing and able to submit loan packages on behalf of the entity, and that if you are the personal guarantor for that entity, you are specifically giving Auto Equity Inc written instructions under the FCRA to perform a credit bureau soft inquiry for the permissible purpose of determining eligibility for credit. You understand that this action will have no adverse impact on your personal credit file if any such inquiry is made.

1. Responsibility. You are responsible for maintaining the confidentiality of your account credentials and ensuring all information submitted is accurate and truthful.

User Agreement and Terms of Service
Effective Date: 10/01/2024
Please read these Terms of Service ("Terms") carefully before using New Term Lending ("the App"), operated by Auto Equity Inc ("the Company"). By accessing or using the App, you agree to be bound by these Terms. We take your privacy seriously, andyou can read our Privacy policy here. If you do not agree to any part of the Terms, you should discontinue use of the App immediately.

2. Use of the App

The App provides a platform for principals and referers to submit loan packages for review and consideration by Auto Equity Inc and associated lending institutions ("Lenders"). By using the App, you acknowledge and agree that:

All information provided within loan packages is truthful and accurate to the best of your knowledge.
Submissions made through the App do not constitute a binding agreement or guarantee of financing or loan approval.
User Agreement and Terms of Service Effective Date: 08/20/2024
Please read these Terms of Service ("Terms") carefully before using New Term Lending ("the App"), operated by Auto Equity Inc ("the Company").
By accessing or using the App, you agree to be bound by these Terms. If you do not agree to any part of the Terms, you should discontinue use of the App immediately.
1. Eligibility and Account Responsibilities
By using the App, you confirm that you are a licensed broker or authorized agent of a brokerage firm, legally able to submit loan packages. You are responsible for maintaining the confidentiality of your account credentials and ensuring all information submitted is accurate and truthful.
2. Use of the App
The App provides a platform for brokers to submit loan packages for review and consideration by Auto Equity Inc and associated lending institutions ("Lenders"). By using the App, you acknowledge and agree that:
All information provided within loan packages is truthful and accurate to the best of your knowledge.
Submissions made through the App do not constitute a binding agreement or guarantee of financing or loan approval.
Auto Equity Inc reserves the right to review, approve, or reject any loan package submission without explanation.
3. Submission of Loan Packages
When submitting loan packages, you agree that:
You have obtained all necessary permissions and authorizations from your clients to share their data with Auto Equity Inc, Lenders, and associated parties.
All documents uploaded are free of errors and omissions, and you understand that any inaccuracies may delay or affect the loan process.
Submissions must comply with all relevant legal and regulatory requirements, including but not limited to confidentiality and data protection laws (e.g., GDPR, CCPA).
4. Data Privacy and Confidentiality
By using the App, you agree that:
Auto Equity Inc will take all reasonable measures to protect the confidentiality of the information provided, but you understand and accept that no system is entirely secure.
You are responsible for ensuring that any data you submit complies with relevant data protection laws and regulations.
Auto Equity Inc may share submitted loan packages with third-party lenders for the purpose of evaluating and processing loan requests.
For more information on how we handle your data, please refer to our Privacy Policy [link to privacy policy].
5. No Guarantee of Loan Approval
The submission of a loan package does not guarantee loan approval, funding, or any specific terms. Lenders will review loan packages based on their individual criteria, and Auto Equity Inc is not responsible for the final decision.
6. Fees and Payments
Any fees for the submission of loan packages will be clearly communicated prior to loan closing. Once paid, fees are non-refundable unless otherwise stated in writing by Auto Equity Inc.
7. Intellectual Property
All content, design, and materials provided through the App are the intellectual property of Auto Equity Inc and are protected by applicable copyright, trademark, and intellectual property laws. You may not use, copy, distribute, or modify any part of the App without express written permission from Auto Equity Inc.
8. Limitation of Liability
To the maximum extent permitted by law, Auto Equity Inc and its affiliates, employees, and representatives are not liable for any indirect, incidental, or consequential damages, including but not limited to loss of data, financial loss, or business interruption arising from the use of the App.
9. Indemnification
You agree to indemnify and hold harmless Auto Equity Inc, its employees, affiliates, and partners from any claims, liabilities, damages, or expenses arising from your use of the App, your breach of these Terms, or your violation of any law or rights of a third party.
10. Termination
Auto Equity Inc reserves the right to terminate this agreement at any time if in its sole judgement the terms of this agreement have been violated.
11. Governing Law
These Terms shall be governed by and construed in accordance with the laws of the state of Michigan without regard to its conflict of law provisions. Any disputes arising from these Terms shall be subject to the exclusive jurisdiction of the courts located in Michigan.
12. Changes to Terms
Auto Equity Inc will post any changes to the terms of this agreement here, if any.