The purpose of these disclosures is to make you, our customer,
fully aware and informed of all terms and conditions of our policies,
as well as all federal regulations as required by law.
We value the opportunity to serve your needs and
want you to be completely satisfied and comfortable in all transactions
with National Cash Lenders.
FEDERAL DISCLOSURE REQUIREMENTS
Regulation B in Federal Law prohibits the consideration
of Age, Sex, Race, Ethnicity, Gender, National Origin, or Handicap
as a basis for making anyone a loan (as in our Line of Credit Program).
National Cash Lenders, through its website does not discriminate
based on any of these factors. In addition National Cash Lenders
will not enter into or maintain vendor/reciprocal information
service type relationships with anyone who does not conform to
these anti-discriminatory practices.
Regulation Z in Federal Law requires
the full disclosure of all costs and terms associated with any
credit purchase or transaction (such as this line
of credit) and further requires that the costs associated with
the transaction be expressed as an annual percentage rate of interest
or A.P.R.. Below all costs, terms and rates associated with the
National Cash Lenders cash advance / line of credit program are
Federal Truth in Lending Act (T.I.L.A.)
National Cash Lenders Terms and Conditions. Sample Truth in Lending Disclosure
Amount of credit proveded to you on your behalf
The dollar amount the credit will cost you
|TOTAL OF PAYMENTS
The amount you will have paid after making all payments as scheduled
ANNUAL PERCENTAGE RATE
The cost of your credit as a yearly rate
|1 Line of Credit Amount - This is the Amount Financed - The credit limit for you L.O.C. provided to you.
2 Interest Rate & Fees -
This is the Finance Charge - The dollar amount L.O.C. will cost you.
3 Payment Total - The amount
you will have to pay after you have made payments as scheduled.
4 Annual Percentage Rate - The cost of your credit on a yearly rate.
Line of Credit Payments
Upon your loan limit approval, you will receive a Line of Credit Agreement that will include a Truth In Lending Disclosure indicating
the cost of the credit extended to you if you were to have the
entire loan (credit) limit fully advanced for a period of one
year. Due to the irregular draw / payments on a line of credit
account, your actual cost for the credit will vary but it will
not exceed the APR stated in the TILA Disclosure portion of your Line of Credit Agreement..
Disclosure of Data to Third
If you choose to provide personal information, it will be used
for the following purposes:
(1) Sharing of your information with trusted third
parties in order to approve your loan such as credit and banking reports, as well as direct communication such as text messages, email, and telephone calls.
(2) For marketing products and services which
we determine, in our sole judgment, that you might find of interest such as loan specials, coupons, and other information such as industry news and helpful tips. At any time you can opt out of all marketing communication by contacting our customer service department at 877-369-0505 or by email at firstname.lastname@example.org.
Sharing of Information on
Behalf of Applicant
We are the lender and DO NOT share your personal information to other 3rd parites without your prior consent.
By entering your e-mail address and other contact
details in your online application and by agreeing to this Privacy
Policy, you consent to the entities in NCL, LLC network contacting
you by phone, mail, or text message.
Our Right to Contact You
By using this website and completing a loan application, you consent to us contacting
you by telephone call, text message, or by e-mail to provide you information regarding your
or any other policies or agreements relevant to you. By entering
any information on our FORM, you are extending an express invitation
to receive an offer, and any and all offers in the future via
mail, telephone, email, SMS, text messaging or any other delivery
method deemed appropriate by the us or the advertising party,
regarding your request, or any other type of service deemed appropriate
by us or our advertising partner, by contacting you at the telephone
numbers, address, or email you have provided on your Service Request
Marketing Form. You consent to the receipt of such phone calls
regardless of whether you have placed you name or phone number
on a federal or state “Do Not Call” network. YOu may withdraw your consent for contact for marketing or loan communication by emailing us at email@example.com. Please allow 24 hours for processing.
Existing Business Relationship
The use of this FORM constitutes an existing business relationship
between the owner of this FORM or any of its affiliates with whom
The use of this FORM qualifies as consent to be contacted by,
including but not limited to, telephone call, text message, and email for changes
in account status, changes in subscriber agreements, marketing
opportunities, privacy policies and/or any other policies or agreements
relevant to you or your account.
Anti Spam Policy: Can-Spam
We are dedicated to ensuring compliance with the United States
federal 'Can-Spam Act', which took effect January 1, 2004. You
may receive email from us in the following circumstances:
Acknowledging your application has been received
and requesting additional action
Requests for additional information to support your current application
Response to your inquiries
Thanking you for your valued business
Advertisements for our products, services, changes in services,
new product availability
Advertisements for third party products and services where we
have determined that such product or service may be of interest
to our customers
To ensure compliance with the Can-Spam Act, We
have implemented the following guidelines for email delivery:
All emails sent to you by US will identify NCL, LLC as the sender.
The Subject Line of any email you receive will always accurately
describe the subject matter of the email.
Any email from us includes the ability to unsubscribe from future
Unsubscribing will ensure the customer is removed from ALL lists
at NCL, LLC. This excludes customer service emails, or email from
Electronic Funds Transfer
(EFT) Agreement and Disclosure
It is the policy of National Cash Lenders to expedite
all debits and credits as soon as possible upon approval; however,
unavoidable delays can result with the processing company as a
result of inadvertent processing errors, acts of God, etc. Normal
processing time should not exceed two (2) business days under
most circumstances but may exceed that in extraordinary circumstances.
Text Message Policy
By providing your cell phone number, you are providing us with consent to send you text messages in conjunction with the services you have requested. Your cellular provider's Msg & Data Rates may apply to our confirmation message and all subsequent messages.
You understand that text messages we send may be seen by anyone with access to your phone. Accordingly, you should take steps to safeguard your phone and your text messages if you want them to remain private.
Please notify us immediately if you change mobile numbers or plan to provide your phone to another person.
If we modify this Text Message Policy, we will notify you by sending you a text message with a link to the new policy. We may terminate our text message program at any time.
If you have any questions about this policy, would like us to mail you a paper copy of this plicy, or are having problems receiving or stopping our text messages, please contact us using the following information: National Cash Lenders, LLC, 4023 Kennett Pike, #754, Wilmington, DE 19807. Toll Free at 877-369-505 or email us at firstname.lastname@example.org.
You agree and consent to be contacted by the Company, our agents, employees, attorneys, affiliates, subsequent creditors, loan servicing companies, and third-party collectors throu the use of email, and/or telephone calls, and/or SMS text messages to your cellular, home or work numbers, as well as any other phone number you have provided in conjunction with this account, including the use of automatic telephone dialing systems, or an artificial prerecorded voice.
Opt-Out or STOP
This policy appliesto text messages sent by National Cash Lenders, LLC to our customers while and after they use our product. If you wish to stop receiving text messages from National Cash Lenders, LLC, reply to any text message we have sent you and in your reply simply type STOP. Your stop request will become effective within one business day. You may also stop messages by contacting us using the following information: National Cash Lenders, LLC, 4023 Kennett Pike, #754, Wilmington, DE 19807. Toll Free at 877-369-505 or email us at email@example.com.
Help or Support
If at any time you need our contact information or information on how to stop text messages, reply to any text message we have sent and in the reply text simply type HELP. Upon receiving your text message, we will send you a text message with this information. It is our plolicy to send no more than 6 messages per month. In general, the messages we send provide you with information about your account. Some of the text messages we send may include links to websites. To access these websites, you will need a web browser and internet access.
Agreement To Receive Telemarketing Text Messages
By signing this section, you authorize National Cash Lenders, LLC, or our agent, to send marketing text messages to the mobile number you have provided and this is listed on you loan application. You are not required to authorize marketing text messages to obtain credit or other services from us. You understand that any messages we send you may be accessed by anyone with access to your text messages. You also understand that your mobile phone service provider may charge you fees for text messages that we send you, and you agree that we shall have no liability for the cost of any such text messages. At any time, you may withdraw your consent to receive marketing text messages by calling us at 877-369-0505. Alternatively, simply reply "STOP" to any marketing text messages we send you.
Funds Transfer Payments
With this EFT Agreement, which is part of the Master Line of Credit Agreement, the customer authorizes National Cash
Lenders, to initiate debit/credit entries to the customer's account
for all payments due, including any returned unpaid item fees
due, on which the subject of this agreement is drawn and the Financial
Institution in which the account is held to debit/credit the same
to such account. This authority is to remain in full force and
effect until National Cash Lenders and the subject Financial Institution
have received written notification from the customer of its termination
in such time and in such manner as to afford National Cash Lenders
and the Financial Institution a reasonable opportunity to act
on it. You understand and agree that you may revoke this ACH/EFT
authorization upon notification to do so and you have made alternative
arrangements for repayment of your current loan. Loan repayment
can be made via Western Union, Money Orders, Cashiers Checks, Credit Card, Pay Near Me, and Wire Transfers. To make alternative arrangements you agree
to contact customer service two business days prior to your scheduled
debit repayment date. This allows us to coordinate alternative
repayment options and keep your account in good standing.
Further, by submitting the application form, the
customer authorizes National Cash Lenders and the customer's current
verified financial institution (even if the financial institution
and/or account numbers are different than those on the original
application) to initiate debit (ACH or bank draft) and credit
entries as necessary when an original ACH/ EFT transaction is
returned unpaid or unable to complete. The customer authorizes
National Cash Lenders and/or assigned collection company to submit
ACH/ EFT and/or bank draft debits for partial payments of line of creditfees (such partial payments shall
be credited first to fees payable, then to the line
of credit principal payable); as necessary to allow full repayment
of the line of credit and any/all associated fees
to be completed. The customer authorizes National Cash Lenders
(and its EFT Processor) to make electronic funds transfers (EFT),
both debit and credit entries, to and from any bank account of
the customers at any institution, from time to time, for fixed
and variable amounts, including recurring transactions and point-of-sale
transactions, according to the terms of the customer's agreement
with National Cash Lenders. The customer understands and agrees
that National Cash Lenders does not need to notify the customer
prior to any recurring debit entry for a fixed amount, so long
as those payments have been disclosed in the TILA document provided
to the customer, or prior to any point-of-sale debit entry initiated
by the customer, or prior to any credit item.
YOUR PROMISE TO PAY
Upon loan approval, you promise to repay the amount financed according to the Federal Truth-In-Lending disclosures. You acknowledge and agree that you are indebted to us in the amount of the Total of Payments (unless loan is paid early), and that the amounts set forth in the Federal Truth-In-Lending Disclosures are not in dispute.
If National Cash Lenders is unable to collect payment from your provided account for any reason to effect debit entries as agreed, you promise to pay us all sums you owe immediately, by making payment in full by using Western Union Quick Collect, cashier check, electronic wire, credit card, Pay Near Me, or money order. If in default, you authorize National Cash Lenders and/or their designated collection agency to continue initiating ACH / EFT debit entries of your financial institution account for full and/or partial payments of cash advance / line of credit and associated costs as necessary until all total amounts owed are paid in full.
I agree, to the extent permitted by law that I will not bring, join, or participate in any class action or multi-plaintiff action as to any claim, dispute, or controversy I may have against National Cash Lenders, LLC. I agree to the entry of injunctive relief to stop such a lawsuit or to remove myself as a participant in the suit. This agreement does not constitute a waiver of any of my rights and remedies to pursue a claim individually.
Arbitration: Both parties agree that any claim, dispute, or controversy between us, any claim by either party against the other or the agents, services, or assigns of the other are to be arbitrated on an individual basis, and it is not the intent of the parties that arbitration should proceed on a class basis. Rules and form of the NAF may be obtained and all claims shall be filed at any NAF office on the World Wide Web at www.arbforum.com or at P.O. Box 50131, Minneapolis, MN 55405. Any arbitration hearing, if one is held, will take place at a location near your residence. Your arbitration fees will be waived by the NAF in the event you cannot afford to pay them. This arbitration agreement is made pursuant to a transaction involving interstate commerce and shall be governed by the Federal Arbitration Act 9. USC Section 1-18. Judgment upon the award may be entered by any party in court having jurisdiction. Notice: Both parties have had the right or opportunity to litigate disputes through a court but we have agreed instead to resolve disputes through binding arbitration.
RETURN OF PAYMENT POLICY
If the customer's pre-authorized payment is returned to National Cash Lenders as uncollected due to any other reason, and customer has not contacted our office immediately upon notice, to obtain alternative payment instructions, and subsequent payment in full is not obtained, the customer's account may be forwarded to our collection Law Firm and collection procedures will begin immediately. The customers' defaulted account may also be transferred to the National Arbitration Forum where a claim for civil judgment will be filed against the customer in default. Upon award of claim, which is final and binding, the award of judgment will then be filed in the county court of your residence for payment in full. The customer in default, is responsible for all additional costs associated with obtaining payment in full (National Arbitration Forum fees, collection fees, court, and attorney fees). In addition, the customer in default will be reported to TeleTrack, TeleCheck, and SCAN.
As per the customer's signed agreement, all disputes
of payment may also be forwarded to The National Arbitration Forum
and a claim for judgment will be filed against the customer in
default. Upon award of claim, which is final and binding, the
customer in default will be responsible for all additional costs
associated with obtaining payment in full ( National Arbitration
Forum fees, collection fees, court and attorney fees). In addition,
the customer in default will be reported to any or all of the
following: TeleTrack, TeleCheck, Scan, CL Verify,TransUnion, Experian,
IF AN ACCOUNT HOLDER IS UNABLE TO HONOR
THEIR LOAN AGREEMENT “AS AGREED TO”, WE WILL DEVELOP
A “WORK OUT” PROGRAM AND CEASE THE ADDITION OF FEES.
IT IS OUR INTENTION TO HELP YOU IN YOUR TIME OF FINANCIAL NEED.
WE CAN MAKE A PAYMENT ARRANGEMENT OF ANY KIND THAT WILL HELP YOU
TO COMPLETE YOUR OBLIGATION AND BE SUCCESSFUL IN IT. YOU MUST
CONTACT OUR OFFICE IF THE NEED ARISES RATHER THAN IGNORE YOUR
ADDITIONAL TERMS AND CONDITIONS
OF THIS AGREEMENT
Prepayment: You may prepay your obligation
under this Agreement in full at any time without penalty.
Method of Payment: Your
electronic authorization in the amount of the Total of Payments
stated in the Federal Truth-In-Lending Disclosures and dated as
of the date indicated in the Payment Schedule stated in the Federal
Truth-in-lending Disclosures (the "Payment Date") will
be held by us until the Payment Date as security for this Line of Credit.
You agree that we may debit your account for the Payment if you
have not paid us in cash or by cashier's check, money order, or
other immediately available funds the amount of Total Payments
before noon (EST) on the Payment Date. If payment is made prior
to the EFT/ACH payment date, we will cancel the electronic authorization
at the time we receive payment.
Returned Payments: In
the event your electronic payment of any amount due under this
agreement, and upon presentment, is returned due to insufficient
funds or credit, stopped payment, or closed account, or any other
reason, we shall assess a $30 returned fee or maximum allowed in your state of residence.
Documentation: I agree
that electronic mail, electronic forms, records, photocopies,
and /or facsimile copies of the documents I submit are valid and
enforceable as the original. I agree that by typing my name as
my electronic signature, it is acknowledged and understood that
it constitutes an acceptance of all terms and conditions of the
master cash advance / line of credit agreement and is valid and
Prepayment: You may
prepay all or any part of the amount due under this Agreement
at any time without penalty. If the line is prepaid before
the final installment date, you shall receive a rebate of the
unearned Finance Charge. The unearned portion shall be calculated
on a pro-rata basis using a percentage derived by dividing the
number of days from payment until maturity by the total number
of days of the original loan term. NO rebate less than $5.00 is
By signing and submitting the application form,
I understand and agree to all terms and conditions of National Cash Lenders Initial Disclosure and by submitting the online information application
by Internet, I am applying for a line of credit
loan and certify that information provided by me is true and correct
under penalty of perjury. I agree that upon submission of my electronic
signature, I am not presently involved in or contemplating bankruptcy
now or in the future. I authorize you to verify the information
in this application and hereby give National Cash Lenders consent
to obtain information on me from a consumer reporting agency or
other various means available. I understand National Cash Lenders
reserves the right to decline an applicant at any time, with cause
determined by judgment of risk, upon completion of due diligence
of applicant. In order to process this application, I understand
verification of the information I have provided is necessary,
including, but not limited to, proof of residence, employment, and bank account verification. I accept personal responsibility
for safeguarding any PIN or CUSTOMER NUMBER that might be assigned
sure you fully understand the National Cash Lenders program
and procedures before signing and submitting forms as acceptance.
If you are unsure, please take time to review or contact
a customer service representative to answer any questions
you may have.)