Terms & Conditions

Effective Date: December 1, 2024
Last Updated: December 1, 2024

Welcome to CFNA Financing Apply. These Terms & Conditions ("Terms") govern your use of our website and services. By accessing or using our services, you agree to be bound by these Terms.

1. Service Description

What We Do

CFNA Financing Apply is a marketing and lead generation service that connects borrowers with potential lenders in our network. We are NOT a direct lender.

What This Means

• We do not make credit decisions
• We do not fund loans directly
• We do not guarantee loan approval
• Final loan terms are determined by individual lenders
• Each lender has their own terms, conditions, and privacy policies

Our Role

We provide:

• Online application platform
• Connection to licensed lenders
• Educational resources about auto repair financing
• Customer support for the application process

2. Eligibility Requirements

To use our services and apply for financing, you must:

• Be at least 18 years old (19 in Alabama, Nebraska, and some other states)
• Be a U.S. citizen or permanent resident
• Reside in a state where we operate (see our States We Serve page)
• Have a valid email address and phone number
• Have an active checking or savings account
• Have verifiable income
• Not be active military (unless opting into MLA-compliant products)

3. The Application Process

Submitting Your Application

When you submit an application:

• You authorize us to share your information with lenders in our network
• You consent to lenders verifying your information
• You agree that lenders may perform credit checks (soft or hard)
• You understand that submitting an application does not guarantee approval

Information Accuracy

You agree to:

• Provide true, accurate, and complete information
• Update information promptly if it changes
• Not misrepresent your identity, income, or other details
• Not apply on behalf of another person

Important: Providing false information may result in:

• Immediate application denial
• Termination of services
• Legal action for fraud
• Criminal prosecution in some cases

4. Loan Terms & Conditions

Loan Amounts

Loans range from $500 to $5,000, subject to:

• Lender approval
• State regulations
• Your income and creditworthiness
• Debt-to-income ratio

Interest Rates (APR)

Annual Percentage Rates typically range from 29.99% to 35.99% but may vary based on:

• Your state of residence
• Lender policies
• Loan amount and term
• Your credit profile

Your specific APR will be disclosed before you accept any loan.

Loan Terms

Repayment terms typically range from 3 to 24 months. Your specific term will depend on:

• Loan amount
• State regulations
• Lender policies
• Your preference (where options exist)

Fees

Potential fees include:

• Origination fees (typically 0-5% of loan amount)
• Late payment fees
• Returned payment (NSF) fees
• Early payoff fees (rare - most lenders don't charge this)

All fees will be clearly disclosed in your loan agreement.

5. Repayment Obligations

Your Responsibilities

If you accept a loan, you agree to:

• Repay the full loan amount plus interest and fees
• Make payments on time according to your agreement
• Maintain sufficient funds in your bank account
• Notify your lender of any payment issues immediately

Payment Methods

Most lenders use automatic ACH withdrawals from your bank account. You authorize:

• Automatic debits on scheduled payment dates
• Lender to re-attempt failed payments
• Fees for returned payments

Consequences of Non-Payment

Failure to repay your loan may result in:

• Late fees and penalties
• Additional interest charges
• Negative credit reporting
• Collection agency referral
• Legal action
• Wage garnishment (if legally permitted)
• Bank account levies

6. State Availability & Regulations

Our services are not available in all states. Current exclusions:

• Arkansas
• Connecticut
• New York
• Vermont
• West Virginia
• Washington D.C.

State laws govern:

• Maximum loan amounts
• Interest rate caps
• Loan term restrictions
• Fee limitations
• Collection practices

Your loan will comply with the laws of your state of residence.

7. Military Lending Act (MLA) Compliance

Active duty military members and their dependents are protected by the Military Lending Act, which:

• Caps APR at 36% (including all fees)
• Prohibits mandatory arbitration
• Prohibits waiver of certain rights
• Requires specific disclosures

We comply with all MLA requirements for covered borrowers.

8. Website Use & Intellectual Property

License to Use

We grant you a limited, non-exclusive, non-transferable license to access and use our website for personal use.

Prohibited Uses

You may NOT:

• Copy, modify, or distribute our content without permission
• Use automated systems (bots, scrapers) to access the site
• Attempt to hack or compromise our systems
• Submit fraudulent applications
• Violate any applicable laws or regulations
• Impersonate another person
• Interfere with other users' access

Intellectual Property

All content, logos, trademarks, and materials on our website are owned by us or our licensors and protected by copyright and trademark laws.

9. Disclaimers & Limitations of Liability

No Guarantees

We do NOT guarantee:

• Loan approval
• Specific loan terms or rates
• Funding timeframes
• Availability of services at all times

"As Is" Service

Our services are provided "as is" without warranties of any kind, either express or implied.

Limitation of Liability

To the maximum extent permitted by law, we are not liable for:

• Indirect, incidental, or consequential damages
• Lost profits or revenues
• Data loss or corruption
• Actions of third-party lenders
• Website interruptions or errors

Our total liability is limited to the amount you paid us (if any).

10. Indemnification

You agree to indemnify and hold harmless CFNA Financing Apply, its officers, employees, and affiliates from any claims, damages, or expenses arising from:

• Your violation of these Terms
• Your violation of any law or regulation
• Your violation of third-party rights
• Your use of our services

11. Arbitration & Class Action Waiver

Binding Arbitration

Any disputes will be resolved through binding arbitration rather than in court, except for:

• Small claims court matters
• Injunctive relief for intellectual property

Arbitration will be conducted under the rules of the American Arbitration Association (AAA).

Class Action Waiver

You agree to pursue claims individually and waive the right to participate in class actions, collective actions, or representative proceedings.

Opt-Out Right

You may opt-out of arbitration by sending written notice within 30 days of accepting these Terms to: support@cfnafinancingapply.com with subject "Arbitration Opt-Out"

12. Termination

We may terminate or suspend your access immediately, without notice, for:

• Violation of these Terms
• Fraudulent activity
• Misuse of services
• Legal requirements

You may terminate your use at any time by ceasing to use our services.

13. Changes to Terms

We may modify these Terms at any time. Changes will be posted with an updated "Last Updated" date. Continued use after changes constitutes acceptance.

Material changes will be communicated via email or prominent website notice.

14. Governing Law

These Terms are governed by the laws of the State of Delaware, without regard to conflict of law principles.

15. Severability

If any provision of these Terms is found invalid or unenforceable, the remaining provisions remain in full effect.

16. Entire Agreement

These Terms, along with our Privacy Policy, constitute the entire agreement between you and CFNA Financing Apply.

17. Contact Information

For questions about these Terms:

18. Consumer Protection Notices

Important Consumer Rights

You have the right to:

• Receive clear loan terms before accepting
• Cancel certain loans within a cooling-off period (if applicable in your state)
• Complaint to state regulators
• Seek legal counsel

Complaints

If you have a complaint about our services, first contact us at support@cfnafinancingapply.com

You may also file complaints with:

• Consumer Financial Protection Bureau (CFPB): www.consumerfinance.gov
• Your state Attorney General's office
• Your state Department of Financial Institutions

Last Updated: December 1, 2024. Previous versions available upon request.