Terms & Conditions


Thank you for using www.mofinloans.com (“Website” or “Site”), our services, and network (including any new features or applications) (collectively the “Service”), owned and operated by MoFin Lending Corp., a Delaware corporation (“MoFin” “we” or “us”). By using this Website you hereby agree to adhere to, and be bound by, these Terms of Use, so please read them carefully.

Please note, regardless of whether you have created an account as a borrower, broker, investor, or any other type, and regardless of whether you have applied for one of our loans, products, or services, you signify that you have read, understand, and agree to be bound by these Terms of Use (as they may be amended from time to time). If you do not wish to be bound by these Terms of Use, you should not access or make use of this Website. For the purposes of these Terms of Use, the term “you” includes you and any of your agents (such as a mortgage broker using the Service and acting on your behalf), and any principal (such as an LLC or other entity) on whose behalf you are acting when accessing the Site. If you are accessing the Website, or applying for our products or Services on behalf of an LLC, partnership, trust, corporation, or other person or entity, you represent that you have full legal authority to agree to our Terms of Use on behalf of the entity and that your use of the Website shall constitute the person or entity’s agreement.

In addition to these Terms of Use, you may enter into other agreements with us or other third parties that will govern your use of the Service or related services offered by us or others. If there is any contradiction between these Terms of Use and another written agreement that you may enter into applicable to specific aspects of the Service, the other written agreement shall take precedence in relation to the specific aspects of the Service to which it applies.

In addition, when using certain Services, you will be subject to any additional terms applicable to such Services that may be posted on the Website from time to time, including, without limitations, the Privacy Policy. All such terms are hereby incorporated by reference into these Terms of Use.

You agree not to impersonate any person or entity or falsely state or otherwise misrepresent your identify or affiliation with a person or entity. You represent and warrant that you possess the legal right and ability to enter into these Terms of Use and to use the Website and/or Service in accordance with these Terms of Use. Unauthorized use of this Website, including but not limited to unauthorized entry into MoFin’s systems, misuse of passwords, or misuse of any information posted on a site, is strictly prohibited.

Please note, you are solely responsible for your interactions with other users. We reserve the right, but have no obligation, to monitor disputes between you and other users.

1. Eligibility

This Website is intended solely for users who are 18 years of age or older, and any registration or use of the Website by anyone under 18 is unauthorized and in violation of these Terms of Use. By using the Website, you represent you are 18 or older and that you agree to abide by all of the terms and conditions of these Terms of Use. If you violate any of these Terms of Use, or violate any other agreement with us, we may terminate your registration, delete your loan application, and delete your user profile, any content or information that you have posted on the Website or Service and/or prohibit you from using or accessing our products and services or the Website in general. You agree that we will not be liable to you or any third party for any termination of your account.

2. Account

You may be required to create an account to use certain parts of the Website. When you create an account, you may be required to pick a username or use your e-mail address and create a unique, secure password. You may not disclose your username, the e-mail you use to log in, or your password to any third party. If you learn of any unauthorized use of your password or account, please contact us immediately.

3. Investor Members: Securities Matters

Notwithstanding anything to the contrary in these Terms of Use, in no event shall anything in these Terms of Use be deemed to be a waiver, and we will not assert there has been a waiver, that would not be permissible under Section 14 of the Securities Act of 1933, Section 29(a) of the Securities Exchange Act of 1934, or any other applicable provision of federal and state securities laws.

4. Privacy

Your privacy is very important to us. Our Privacy Policy explains how we treat your personal information and protect your privacy when you use our Website. We will not share or sell any of your information with any third party, except as specifically described in our Privacy Policy.

5. Information Sharing And Social Features

You are solely responsible for the content that you may upload, which may include messages, text, information, contact information of your own or others, profiles, photos, or other content that you publish, provide or display (“post”) on or through the Website and/or Service, or transit to or share with other users (collectively “User Content”). You understand and agree that we may, to our discretion, review and delete or remove, without notice, any User Content, including without limitation, User Content that in our sole discretion: (i) violates these Terms of Use, (ii) might be offensive or illegal, (iii) might violate the rights of users or others, (iv) might be false or incorrect, or (v) might be unfavorable to MoFin.

You may have the opportunity to share information or content on the Website, including but not limited to your name, email address, and any other information that you provide, with other users of the Website or third party vendors. By posting User Content to any part of the Service or Website, you automatically grant, and represent and warrant, that you have the right to grant to MoFin, an irrevocable, perpetual, non-exclusive, transferable, fully paid, worldwide license (with the right to sublicense) to use, copy, publicly perform, publicly display, reformat, translate, excerpt and distribute such User Content for any purpose, to prepare derivative works of, or incorporate into other works, such User Content and do in fact grant and authorize sublicenses of the foregoing to MoFin. If you at any time elect to remove your User Content, the license granted above will not expire. By posting and/or sharing such information or content on the Website, you expressly agree to all of the following:

i. You grant MoFin a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to use any information or content that you provide on or in connection with your use of the Website and our Services, subject to the privacy provisions described in our Privacy Policy.
ii. You understand that deleted content or information may continue to exist on our servers or in backup copies that we maintain for our own use.
iii. We have the absolute right to review, delete, edit, modify, reformat, excerpt, or translate any of your information or content.
iv. You are solely responsible for the content and information you make available through, or in connection with, our products and services.
v. You will not post content or take any action on the Website that may constitute libel or slander, infringes or violates someone else’s rights, or infringes any right protected by any copyright or trademark, or otherwise violates the law.
vi. Content and information that you share may be available to other users of our Website. You understand that such third parties may access, use, store, and transfer such content and information to associate it with you.
vii. You agree you will not use the Website for your own commercial gain or commercial purposes.
viii. We may remove any content or information that you share on the Website for any reason.
ix. You agree that you will not use any device, software, or User Content to interfere or attempt to interfere with the proper working of the website or any transaction being conducted on or through our Website.
x. All the information and content posted on the Website or privately transmitted through the Website or via other means in connection with our services is the sole responsibility of the person from which that content originated. We will not be responsible for any errors or omissions in any information or content posted by a user.

Some users may be authorized to review personal information (including credit data) and property data posted by other users on the Service. If you have such authorization to review personal information of other users, you are not authorized to disclose or otherwise use such information for any purpose other than assessing the creditworthiness of other users and potential loans.

Please note that you acknowledge and agree that we may preserve content and may also disclose content if required to do so by law or in the good faith belief that such preservation or disclosure is reasonably necessary to:

Please note that you acknowledge and agree that we may preserve content and may also disclose content if required to do so by law or in the good faith belief that such preservation or disclosure is reasonably necessary to: (i) comply with legal process, applicable laws, or governmental requests; (ii) enforce these Terms of Use; (iii) respond to claims that any content violates the rights of third parties; or (iv) protect the rights, property, or personal safety of MoFin, its users, or the public. You understand that the technical processing and transmission of the Service, including your content, may involve transmissions over various networks and changes to conform and adapt technical requirements of connecting networks or devices.

6. Restrictions On Use / User Representations

You agree to abide by all applicable laws and regulations in your use of the Website and our products and Services. In addition, you represent, warrant, and agree that no content of any kind submitted through your account or otherwise posted or shared by you through the Website or Service will violate or infringe upon the rights of any third party, including copyright, trademark, privacy publicity or other proprietary rights, or contain libelous, defamatory, or otherwise unlawful material. You further agree not to collect e-mail addresses or other contact information of any user of the Website or Service by any means for any purpose. Additionally, you agree not to use automated scripts to collect information from the Website or Service in any manner and for any purpose. You further agree that you may not use the website or Service in any unlawful manner or in any other manner that could disable, overburden, impair, or damage in any way the Service. In addition, you agree that you will not do any of the following:

i. Register for more than one account, or register for an account on behalf of an individual other than yourself, or on behalf of any group or entity unless you are an authorized agent of that business or entity with authority to register for an account on its behalf;
ii. Upload, post, transmit, share, store or otherwise make available any content that we deem to be objectionable, such as content or conduct that is harmful, threatening, unlawful, defamatory, infringing, abusive, inflammatory, harassing, vulgar, obscene, fraudulent, invasive of privacy or publicity rights, hateful, or racially, ethnically or otherwise objectionable, or which restricts or inhibits any other person from using or enjoying the Website, or which may expose us or our users to any harm or liability of any type;
iii. Intimidate or harass other users of the Website or Service;
iv. Impersonate any person or entity, or falsely state or otherwise misrepresent yourself, your age or your affiliation with any person or entity;
v. Post or otherwise make available content, or take any action on the Website, that may constitute libel or slander or that infringes or violates someone else’s rights or infringes on any right protected by any copyright or trademark, or otherwise violates the law;
vi. Post or otherwise make available any material that contains software viruses or any other computer code, files, or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications equipment;
vii. Solicit personal information from anyone under 18 or solicit passwords or personally identifying information from any user;
viii. Post or otherwise make publicly available on the Website any personal or financial information of any third party, including, but not limited to, another’s addresses, phone numbers, email addresses, Social Security numbers, credit card numbers, credit score, and date of birth;
ix. Access personally identifying information of other users without that user’s authorization;
x. Use any function of the Website or Service, or use any information or content on the Website, to send unwanted messages to any other user, either via the Website or otherwise;
xi. Post, or otherwise make available, any unsolicited or unauthorized advertising, solicitations, promotional materials, or any other form of solicitation (“junk mail,” “spam,” “contests,” etc.);
xii. Use an account opened in the name of a business entity for the benefit of a different person, business, or entity.
xiii. Upload, post, or otherwise make available content that would constitute, encourage, or provide instructions for a criminal offense, violate the rights of any party, or that would otherwise create liability or violate any local, state, national, or international law, or any regulations having the force of law;
xiv. Use or attempt to use the Service or Website for any unlawful purpose, or further to promote any criminal activity or enterprise or provide instructional information about illegal activities;
xv. Represent that you are affiliated with MoFin in any way without our prior written consent.

7. Changes And Modifications

We reserve the right to temporarily or permanently modify or discontinue the Website or any portion of the Website, or Service in particular, for any reason, at our sole discretion, and without notice to you. We may also make changes to these Terms of Use from time to time. If we do this, we will post the changed Terms of Use on the Website for your review. We will post the changes on this page and will indicate at the bottom of this page the date these terms were last revised. We will also notify you, either through the Service user interface, in an email notification, or through other reasonable means of any material change herein. Any such changes will become effective no earlier than fourteen (14) days after they are posted, except that changes addressing new function of the Service or changes made for legal reasons will be effective immediately. You understand and agree that your continued use of the Service or Website after we have made any such changes constitutes your conclusive acceptance of the new Terms of Use.

8. Third Party Content, Services, And Links To Other Internet Sites

Our Service and Website may contain links to other websites, products, and services provided, owned or operated by third parties (“Third Party Services”); these links do not imply our endorsement or approval of Third Party Services or any related material. We are not responsible for the information or practices employed by sites linked to or from our Website. In most cases, links to non-MoFin websites may have Privacy Policies, Term of Use, or security practices that are different from those on our Website. We strongly recommend, and it is important, that you review the privacy policies and any terms of use or other agreements prior to providing any personal information to these websites. MoFin does not endorse or recommend, and hereby disclaims any and all liability for any information or products offered at a Third Party website. We make no warranties or representations whatsoever with regard to any Third Party Service or Third Party website. You hereby agree that MoFin is not and shall not be held to be responsible or liable to you for any damages, losses, or injuries of any kind arising out of your use of any Third Party Service and you do so at your own risk.

9. No Warranty; Errors

The Website and Service are provided “as is” and without any representation or warranty, whether express, implied, or statutory, MoFin, our officers, directors, agents, employees and suppliers, specifically disclaim any implied warranties of title, merchantability, fitness for a particular purpose and non-infringement. We do not warrant the accuracy, adequacy, or completeness of the information provided on the site and expressly disclaim liability for any errors or omissions in such information. We do not guarantee continuous, uninterrupted or secure access to the Website or any of our Services, and the operation of the Website may be interfered with by numerous factors outside of our control. We cannot guarantee and do not represent any specific results from use of the Website ad/or our varying products and services. Although we provide rules for user conduct and postings, we do not control, nor are we responsible for, what users post on the Website, or any offensive, inappropriate, obscene, unlawful or otherwise objectionable content you may encounter on the Website. We are not responsible for the conduct, whether online or offline, of any user of the Website.

You agree that we may promptly correct any error that we discover, including any error in calculating your loan rates. If the error results in your receipt of an incorrect interest rate, APR or origination fee, we will notify you and provide you with the correct rate. You agree to provide any additional consents necessary to correct any errors that occur.

10. Proprietary Rights In Service Content And Software; Limited License

All content on the Service, including but not limited to text, graphics, pictures, video, information, software, sound and other files, and their selection and arrangement (the “Service Content”), are the proprietary property of MoFin with all rights reserved. No Service Content may be modified, copied, distributed, reproduced, republished, downloaded, displayed, reverse-engineered, posted, transmitted, or sold in any form or by any means, in whole or in part, without our prior written permission, except that the foregoing does not apply to your own User Content (as defined above) that you lawfully post on the Website. Provided that you are eligible for use of the Website, and subject to the Terms of Use, you are granted a limited license to access and use the Website and to download or print a copy of any portion of the Service Content solely for your use and not for distribution. Except for your own User Content, you may not republish Service Content on any Internet, Intranet or Extranet website or incorporate the information in any other database or compilation, and any other use of the Service Content is strictly prohibited. In connection with your use of the Service, you will not engage in or use any data mining, robots, or other data gathering or extraction methods. If MoFin blocks you from accessing the Service (including by blocking your IP address or email address), you agree not to implement any measures to circumvent such blocking (e.g., by masking your IP address or using a proxy IP address or using a new e-mail address).

The technology and software underlying the Service or distributed in connection therewith are the property of MoFin, our affiliates and our partners (the “Software”). You agree not to copy, modify, create a derivative work of, reverse engineer, or otherwise attempt to discover any algorithm, source code, sell, assign, sublicense, or otherwise transfer any right in the Software. Any rights not expressly granted herein are reserved by MoFin.

Any use of the Service or the Service Content other than as specifically authorized herein, without our prior written permission, is strictly prohibited and will terminate the license granted herein. Such unauthorized use may also violate applicable laws including without limitation copyright and trademark laws and applicable communications regulations and statutes. Unless explicitly stated herein, nothing in these Terms of Use shall be construed as conferring any license to intellectual property rights, whether by estoppel, implication or otherwise. This license is revocable by us at any time without notice and with or without cause.

11. Trademark Rights

MoFin (including the MoFin logo), mofinloans.com, and all related logos, designs, page headers, button icons, scripts, and service names (collectively the “MoFin Trademarks”) are trademarks, trade dress, or service marks of MoFin in the U.S. and/or other countries. Other company, product, and service names and logos used and displayed on this Website are trademarks, trade dress, or service marks owned by MoFin or others. Nothing on this Website should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any of the MoFin Trademarks displayed on this Website, without our prior written signed permission in each instance. You may not use, copy, display, distribute, modify or reproduce any of the trademarks found on the Website unless in accordance with written signed authorization by us. MoFin prohibits use of any of the MoFin Trademarks as part of a link to or from any site unless we approve establishment of such a link in writing in advance. Any questions concerning any MoFin Trademarks, or whether any mark or logo is a MoFin Trademark, should be referred to MoFin directly before making use of such mark or logo.

12. Copyright Complaints

If you believe that any material on the Website infringes upon any copyright that you own or control, you may send a written notification to us via regular mail to MoFin Lending Corp, ATTN: DMCA, 1204 Broadway, 4th Floor, New York, NY 10001 and you may follow-up by e-mail to info@mofinloans.com. In your notification, and to meet the notice restrictions under the Digital Millennium Copyright Act (“DMCA”), the notification must be a written communication that includes the following:

i. A physical or electronic signature of a person authorized to act on behalf of the owner of an exclusive right that is allegedly infringed;
ii. Identification of the copyrighted work or works you claim to have been infringed;
iii. Identification of the material that you claim is to be infringing or is the subject of infringing activity and that is to be removed or access to which is to be disabled, and information reasonably sufficient to permit us to locate the material;
iv. Information reasonably sufficient to permit us to contact you the complainant, and the individual or entity you believe is infringing on your right(s), such as contact details, including an email address, mail address, telephone number;
v. A statement that you have a good faith belief that the use of the material in the manner complained of is not authorized by the copyright owner, its agent or the law;
vi. A statement that the information in the notification is accurate and under penalty of perjury, that the complaining party is authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.

13. Repeat Infringer Ppolicy

In accordance with the DMCA and other applicable law, MoFin has adopted a policy of terminating, in appropriate circumstances and at our sole and absolute subjective discretion, the memberships, accounts, or user profiles of users who are deemed to be repeat infringers. We may also, at our sole and absolute subjective discretion, limit access to the Service and/or terminate the accounts and/or memberships of any users who infringe any intellectual property rights of others, whether or not there is any repeat infringement.

14. Consent To Doing Business Electronically

MoFin operates only by conducting business through the Internet, and therefore we need you to consent to our giving, or sending, you communications electronically. This section informs you of your rights when receiving communications from us electronically. You agree to receive electronically all documents, communications, notices, contracts, and agreements, including any IRS Form 1099, related to (i) any pre-qualification request or application for any loan(s), (ii) your registration or sign-up as a borrower or investor on our Website, (iii) any loans you may receive from us, (iv) your use of this Service, or (v) the various documents sent to you with regard to the servicing or process of assessing, and/or underwriting, your pre-qualification request, pre-approval request, or application for a loan (each a “Disclosure”). The term “IRS Form 1099” refers to any Form 1099 or other Form, Schedule or information statement, including corrections of such documents, required to be provided pursuant to U.S. Internal Revenue Service rules and regulations and that may be provided electronically. Before you decide to do business electronically with MoFin, please consider whether you have the required hardware and software capabilities described below.

15. Electronic Communications

You agree that all Disclosures and/or communications from us and our respective affiliates and agents relating to your use of the MoFin Website or MoFin platform may be provided or made available to you electronically by e-mail or through our Website. If you consent, you still have the right to receive a free paper copy of any Disclosure and/or communication by contacting us in the manner described below. We may discontinue the electronic delivery of Disclosure(s) and/or communications at any time in our sole discretion. If you do not consent to receive an IRS Form 1099 electronically, a paper copy of any IRS Form 1099 required to be delivered to you at no cost after the effective time of your failure to consent or revocation of consent will be sent to you. However, a fee may be charged for any additional or replacement copies of such IRS Form 1099. A request for a paper copy of any Disclosure will not be considered a withdrawal of your consent to receive Disclosure electronically. Any IRS 1099 Forms provided electronically, if applicable, will remain accessible through at least October 15 of the year in which such IRS Form 1099 is made available; after that time the IRS Form 1099 may no longer be accessible electronically. We may discontinue electronic provision of Disclosures at any time in our sole discretion.

16. Scope Of Consent

Your consent to receive Disclosures and/or communications and to do business electronically, and our agreement or consent to do so as well, applies to all of your interactions, communications, use, and transactions through the MoFin Website and/or Service. Your consent shall remain in effect for so long as you are a user of the Website, and if you are no longer a user, it shall remain in effect until such a time as all Disclosures and/or communications relevant to transactions that occurred while you were a user have been made.

17. Hardware And Software Requirements

To access and retain the Disclosures and communications electronically, you will need to use a computer with any of the following operating systems: (i) Windows XP or higher, OS X (apple Macintosh) or higher; (ii) an Internet connection with an Internet browser that is compatible with and supported by your operating system (i.e., with Internet Explorer 7.0 or above, Firefox 3.0 or above, Google Chrome 38 or higher, or Safari 6.2 or higher); and (iii) Software that accurately reads and displays “pdf” files, such as Adobe Acrobat, a printer and/or storage device if you wish to print or retain any electronic document and hardware capable of running any of our software. You acknowledge that you can access the electronic Disclosures and/or communications in the designated formats described herein.

18. Mobile Technology

If you are accessing our Website electronically through a mobile device, such as a tablet, smartphone, or similar device, you must be able to print and save the transmitted Disclosures and/or communications. You can find apps that support printing and saving for most mobile devices through your mobile device’s application store. If your mobile device does not have this functionality, you must access our website through alternate means that provide you with the ability to print and save the Disclosures and/or communications.

19. Registration Data: Account Security

You may be presented with the opportunity to register with us in order to access and use certain features of the Service, such as making a pre-qualification request for a loan, registering to be an investor through the Website, or registering as a broker on the Website. In consideration of your use of the Service, the Website, and further when registering or making a pre-qualification request for a loan on the Website, you agree to: (i) provide current, complete, and accurate information about yourself as may be prompted by any registration, application, or pre-qualification form(s) on the Website (“Registration Data”); (ii) maintain the security of your password and identification; (iii) maintain and promptly update the Registration Data, and any other information you provide to us, to keep it accurate, current, and complete; and (iv) be fully responsible for all use(s) of your account and for any actions that take place using your account, either directly or indirectly. Ultimately, you are responsible to maintain the confidentiality of your password and account and are fully responsible for any and all activities that occur under your password or account. You shall not share your log-in information, including but not limited to your password, user-name or e-mail address, and other information that another individual may use to gain entry into your MoFin account.

If any information you provide is untrue, inaccurate, not current, or incomplete, MoFin has the right to terminate or reject your user profile, registration, interest rate or loan application, terminate any agreement we have with you, and to decline to provide any and all future use of the Website, immediately. We reserve the right to decline your pre-qualification request or application for a loan and/or reject any registration.

You agree to (i) immediately notify us of any unauthorized use of your password or account or any other breach of security and (ii) ensure that you exit from your account at the end of each session when accessing the Website or Service. You agree not to hold MoFin liable for any loss or damage arising from your failure to comply with this Section.

20. Limitation Liability

You agree that access and make use of the Website and any content thereon at your own risk and peril and that such content and Website is being provided to you on an “as-is” basis or condition. Except in jurisdictions where such provisions are restricted and except as provided above in the paragraph title, “Investor Members: Securities Matters,” in no event will MoFin or its directors, employees, or agents, be liable to you or any third party for any indirect, consequential, exemplary, incidental, special or punitive damages including for any lost profits or lost data arising from your use of the Website or the Service, or any linked website or use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, or any of the Website content or other materials on or accessed through the website, even if MoFin or its representatives are aware or have been advised of the possibility of such damages, losses, or expenses.

Notwithstanding, anything to the contrary contained herein, except as provided in Section 3, “Investor Members: Securities Matters,” to the extent permitted by applicable law, MoFin’s liability to you for any cause whatsoever, and regardless of the form of the action, shall at all times be limited to the amount paid, if any, by you to MoFin for the service during the term of your membership. In no case, except as provided above in the Paragraph titled, “Investor Members: Securities Matters,” shall MoFin’s liability to you exceed the amount of one thousand dollars ($1,000).

In addition to the specific securities laws provision described above in the Paragraph titled, “Investor Members: Securities Matters,” certain federal and state laws do not allow the exclusion or limitation of certain damage or limitations on implied warranties. If you fall within one of these jurisdictions and/or these laws apply to you, some or all of the above disclaimers, exclusions or limitations may not apply to you and you may have additional rights.

21. Class Action Waiver

WHERE PERMITTED UNDER THE APPLICABLE LAW, YOU AND MoFin AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE ACTION. Unless both you and MoFin agree, no arbitrator or judge may consolidate more than one person’s claims or otherwise preside over any form of a representative or class proceeding.

22. Arbitration

If you are located in, are based in, have offices in, or do business in a jurisdiction in which this Section 22 is enforceable, the following mandatory arbitration provisions of Section 22 apply to you:

22.1 Dispute Resolution And Arbitration

You and MoFin agree that any dispute, claim, or controversy between you and MoFin arising in connection with or relating in any way to these Agreements or to your relationship with MoFin as a user of the Service (whether based in contract, tort, statute, fraud, misrepresentation, or any other legal theory, and whether the claims arise during or after the termination of the Terms of Use) will be determined by mandatory binding individual arbitration. Arbitration is more informal than a lawsuit in court. THERE IS NO JUDGE OR JURY IN ARBITRATION, AND COURT REVIEW OF AN ARBITRATION AWARD IS LIMITED. There may be more limited discovery than in court. The arbitrator must follow this agreement and can award the same damages and relief as a court (including reasonable attorney fees), except that the arbitrator may not award declaratory or injunctive relief benefiting anyone but the parties to the arbitration. This arbitration provision will survive termination of the Terms of Use.

22.2 Exceptions

Notwithstanding section 22.1 above, you and MoFin both agree that nothing herein will be deemed to waive, preclude, or otherwise limit either of our rights, at any time, to (1) bring an individual action in a U.S. small claims court, (2) pursue enforcement actions through applicable U.S. federal, state, or local agencies where such actions are available, (3) seek injunctive relief in a court of law, or (4) to file suit in a court of law to address intellectual property infringement claims.

22.3 Rules of Arbitration

Either you or we may start arbitration proceedings. If you are located in, are based in, have offices in, or do business in the United States, any arbitration between you and MoFin will be finally settled under the Commercial Dispute Resolution Procedures and the Supplementary Procedures for Consumer Related Disputes of the American Arbitration Association (“AAA”) then in force (the “AAA Rules”), as modified by these Terms of Use. You and MoFin agree that these Agreements affect interstate commerce, so the U.S. Federal Arbitration Act and federal arbitration law apply and govern the interpretation and enforcement of this provision (despite the choice of law provision above). The AAA Rules, as well as instructions on how to file an arbitration proceeding with the AAA, appear at adr.org, or you may call the AAA at 1-800-778-7879. MoFin can also help put you in touch with the AAA.

Any arbitration hearings will take place at a location to be agreed upon in New York, New York, provided that if the claim is for $5,000 or less, you may choose whether the arbitration will be conducted (1) solely on the basis of documents submitted to the arbitrator; (2) through a non-appearance based telephonic hearing; or (3) by an in-person hearing as established by the AAA Rules in the county (or parish) of your billing address.

Your arbitration fees and your share of arbitrator compensation will be limited to those fees set forth in the AAA’s Consumer Rules with the remainder paid by MoFin. If the arbitrator finds that either the substance of your claim or the relief sought in the Demand is frivolous or brought for an improper purpose (as measured by the standards set forth in Federal Rule of Civil Procedure 11(b)), then the payment of all fees will be governed by the AAA Rules. In such case, you agree to reimburse MoFin for all monies previously disbursed by it that are otherwise your obligation to pay under the AAA Rules. Regardless of the manner in which the arbitration is conducted, the arbitrator shall issue a reasoned written decision sufficient to explain the essential findings and conclusions on which the decision and award, if any, are based. The arbitrator may make rulings and resolve disputes as to the payment and reimbursement of fees or expenses at any time during the proceeding and upon request from either party made within 21 days of the arbitrator’s ruling on the merits.

If you are not located in, are not based in, do not have offices in, and do not do business in the United States, any arbitration between you and MoFin will be finally settled under the Rules of Arbitration of the International Chamber of Commerce (the “ICC”) then in force (the “ICC Rules”) by one or more arbitrators appointed in accordance with the ICC Rules, as modified by these Developer Terms, and will be administered by the International Court of Arbitration of the ICC.

Any arbitration will be conducted in the English language and unless otherwise required by a mandatory law of a member state of the European Union or any other jurisdiction, the law to be applied in any arbitration shall be the law of the State of New York, United States, without regard to choice or conflicts of law principles.

22.4 Time For Filing

Any arbitration must be commenced by filing a demand for arbitration within ONE (1) YEAR after the date the party asserting the claim first knows or reasonably should know of the act, omission, or default giving rise to the claim; and there shall be no right to any remedy for any claim not asserted within that time period. If applicable law prohibits a one-year limitation period for asserting claims, any claim must be asserted within the shortest time period permitted by applicable law.

22.5 Notice; Process

A party who intends to seek arbitration must first send a written notice of the dispute to the other, by certified mail or Federal Express (signature required), or in the event that we do not have a physical address on file for you, by electronic mail (“Notice”). MoFin’s address for Notice is: MoFin, Attn: Legal Department, 1204 Broadway, 4th Floor, New York, NY 10001, USA. The Notice must (1) describe the nature and basis of the claim or dispute; and (2) set forth the specific relief sought (“Demand”). We agree to use good faith efforts to resolve the claim directly, but if we do not reach an agreement to do so within THIRTY (30) days after the Notice is received, you or MoFin may commence an arbitration proceeding. During the arbitration, the amount of any settlement offer made by you or MoFin shall not be disclosed to the arbitrator until after the arbitrator makes a final decision and award, if any. In the event our dispute is finally resolved through arbitration in your favor, MoFin shall pay you (1) the amount awarded by the arbitrator, if any, (2) the last written settlement amount offered by MoFin in settlement of the dispute prior to the arbitrator’s award; or (3) $1,000.00, whichever is greater. All documents and information disclosed in the course of the arbitration shall be kept strictly confidential by the recipient and shall not be used by the recipient for any purpose other than for purposes of the arbitration or the enforcement of arbitrator’s decision and award and shall not be disclosed except in confidence to persons who have a need to know for such purposes or as required by applicable law. Except as required to enforce the arbitrator’s decision and award, neither you nor MoFin shall make any public announcement or public comment or originate any publicity concerning the arbitration, including, but not limited to, the fact that the parties are in dispute, the existence of the arbitration, or any decision or award of the arbitrator.

22.6 Modifications

In the event that MoFin makes any future change to this arbitration provision (other than a change to MoFin’s address for Notice), you may reject any such change by sending us written notice within 30 days of the change to MoFin’s address for Notice, in which case your account with MoFin shall be immediately terminated and this arbitration provision, as in effect immediately prior to the amendments you reject, shall survive.

22.7 Enforceability

If the class action waiver at Section 21 is found to be unenforceable in arbitration or if the entirety of Sections 21 and 22 are found to be unenforceable, then the entirety of this section shall be null and void and, in such case, the parties agree that the exclusive jurisdiction and venue described in Section 23 shall govern any action arising out of or related to the Agreements.

23. Governing Law; Venue And Jurisdiction

As a user or visitor of the Website and/or the Service, you agree to be bound to the laws of the State of New York, without regard to its provisions relating to conflict of laws. You and MoFin agree to submit to the personal and exclusive jurisdiction and venue of the state and federal courts located within New York County, New York. The failure of MoFin to exercise or enforce any right or provision of the Terms of Use shall not constitute a waiver of such right or provision. If any provision of the Terms of Use is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the other provisions of the Terms of Use remain in full force and effect. You agree that regardless of any statute, regulation, or law to be the contrary, any claim or cause of action arising out of or related to use of the Website or the Terms must be filed within one (1) year after such claim or cause of action arose or be forever barred.

Please direct all questions or comments about these Terms & Conditions to info@mofinloans.com

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