Digital Lending Loan Application Terms and Conditions

Please read the following Loan Application terms and conditions carefully before using the Digital Lending Service. By using this service, you are indicating your agreement to all of the Loan Application terms and conditions set out below.

TERMS AND CONDITIONS:

1. DEFINITIONS
   For the purposes of this agreement, unless stated otherwise, the following words shall have the following meanings:
   “Financial Institution” means Kindred Credit Union Limited.
   “I”, “me”, “my” refers to the primary Credit Applicant, as applicable.
   “Service Providers” means all of Financial Institution’s affiliates, networking agents, employees and other agents, including, but not limited to, service providers that the Financial Institution has engaged to provide the services necessary to deliver lending services to the Credit Applicant and any Joint Applicant, as applicable.

2. DIGITAL LENDING SERVICE
   2.2. To apply for a loan using the Digital Lending Service, I and the Joint Applicant must each duly and fully complete, electronically sign, and securely transmit a Credit Application, and all other materials and information required by the Application, to the Financial Institution.
   1. Provide personal information for use in conducting credit checks and verifying payment arrangements. Such information may include, but is not limited to, my name, date of birth, address, email address, telephone number, bank details, credit card details and employment information;
   2. Provide personal information for use in conducting identity checks; and
   3. Provide all other information, answer all questions, click all buttons, and tick all boxes as prompted.
   2.3. By applying for a loan using the Digital Lending Service, I authorize the Financial Institution and its service providers to:
   1. Obtain credit, financial and other financially-related information as required from credit agencies, financial organizations, and each source is hereby authorized to provide the Financial Institution with the credit, financial and other financial-related information as required. The Financial Institution is hereby authorized to retain this application for the Financial Institution’s records.
   2. Conduct, or arrange for another agency to conduct, identity and payment verification checks from time to time;
   3. Assess my application based on the results of the credit, identity, and payment checks; and
   4. Issue a decision to grant or deny my application.
   2.4. The decision to approve a Credit Application submitted through this Digital Lending Service and authorize a credit limit is final and at the sole discretion of the Financial Institution.
   
   2.5. If my Credit Application is approved, I authorize the Financial Institution and its’ Service Providers to monitor and/or record my telephone conversations with any Financial Institution representatives to help ensure quality service.
   
   2.6. I understand that to evaluate my credit application and to continue monitoring my credit status after the loan is approved and advanced, and for the other purposes I consent to below (the “object of the file”), a personal information file containing credit and other personal information will be created. Only those employees of the Financial Institution and its’ affiliates whose job functions involve assessment of creditworthiness, credit applications, monitoring, processing of payments and matters relating to the object of the file, will have access to my file. If I wish to consult my file or make corrections to it I may do so by written request at the following address: Kindred Credit Union Limited at 1265 Strasburg Rd, Kitchener ON N2R 1S6.
   
   2.7. I agree that the Financial Institution may use my social insurance number as an aid to identify me with credit reporting agencies and others for credit history file matching and other administrative purposes. I acknowledge that I am not required to provide that number to you for these purposes.
   
   2.8. I consent to, and acknowledge that these Terms and Conditions are prior written notice of its intention to do so, the Financial Institution obtaining, disclosing or exchanging any credit, personal information about me (including information contained in my personal information file) from, to or with any credit reporting agency, personal information agent, credit grantor or insurer, my employer or personal references in connection with any relationships between us or those which you or I may wish to establish, and to the Financial Institution doing so from time to time after any loan proceeds are advanced to me by it for all of the purposes related to the proper maintenance and administration of the loan and my Account, including, but not limited to, the purposes of monitoring my credit status and collecting the loan.
   
   2.9. The Financial Institution and its Service Providers may use and disclose any of the information relating to me or my Account in its or their possession for any purpose related to the delivery of the requested loan services, the proper maintenance and administration of my Account, and the collection of any loan made to me. I acknowledge that I may withdraw my consents set out above, and in subsections 3.6 and 3.8, but understand that, if I withdraw one or more of these consents, the Financial Institution may no longer be able to provide me with loan services. I also consent to the use and disclosure by the Financial Institution at any time of all such personal and other information for the purposes of offering me any other service offered by the Financial Institution or any product or service offered by the Financial Institution affiliates and networking agents that the Financial Institution believes may be of interest to me, or to share with potential and actual purchasers from the Financial Institution of my loans. I acknowledge that I am free to withdraw my consent for use and disclosure of my information for other products and services at any time.
   
   2.10. I represent and warrant that I am not being sued and there are no judgments or executions against me unless so stated on my current application.
   
   2.11. I represent and warrant to you that the information given herein is in all respects true, accurate and complete. I understand that it is being used to determine my credit worthiness. If any part of this statement is incorrect or if there is a breach of this agreement, then I hereby agree that all my present and future indebtedness to the Financial Institution shall become due and payable without notice or demand.

3. ELECTRONIC SIGNATURE CONSENT
   3.1. If my Credit Application is approved, I agree to receive electronically all disclosures, communications, notices, and other information that the Financial Institution may send to me or be required to send to me under applicable law or otherwise pursuant to the terms and conditions set forth below.
   
   3.2. Scope of Consent. My Electronic Signature Consent applies to any transactions undertaken by me with the Financial Institution, or any of our affiliates, assigns, agents or representatives, including use of the Digital Lending Service, any communication from the Financial Institution or its’ representatives or agents to me, including all disclosures, communication, notices, and other information required to be given to me under applicable law, any other information required by law to be provided either before or after my loan is issued, my loan agreement, billing statements, adverse action notices, any updates to my account, in each case, pertaining to any transaction with the Financial Institution or any use of the Digital Lending Service whether now or in the future. My consent will remain in effect from the time I initially apply for the Digital Lending Service sites until such time as my account is terminated and, once terminated, will continue until such a time as all disclosures relevant to my account have been provided.
   
   3.3. Means of Communication. If my Credit Application is approved, I agree that the Financial Institution may send any disclosures in relation to the resulting loan to me via email to the email address that I have provided (or may provide later) to the Financial Institution or via text message to the mobile telephone number that I have provided (or may provide later) to the Financial Institution. If applicable, the Financial Institution may also post disclosures to me through any existing internet banking channel I may have with the Financial Institution. or on the Financial Institution’s websites. I agree that the Financial Institution shall not be liable for any loss I may suffer as a result of my failure to receive or read any disclosures sent by the Financial Institution via text message, public website posting or posted to my account and accessible by me through an existing internet banking channel.
   
   3.4. Changes to my Contact Information. I agree to keep the Financial Institution informed of any changes in my residence address and mobile phone number so that I can continue to receive all disclosures in a timely fashion. I agree to waive any liability imposed upon the Financial Institution to provide disclosures if I fail to notify the Financial Institution of changes to my residence address and/or mobile phone number.
   
   3.5. Legal Effect. My electronic signature consent means that any disclosures shall have the same meaning as if provided in paper form. Any disclosures or other communication sent to me via email or text message shall be deemed delivered once received on my device. By pressing buttons or ticking boxes entitled “Apply”, “Accept and Checkout”, “Submit”, “Confirm”, “Verify”, “I Agree” or similar buttons and boxes indicating my authorization, I am providing my electronic signature with the same effect as if my signature had been provided on paper. I hereby waive any and all defenses I may have to the enforceability of any loan resulting from this Credit Application that are based on the allegation that this Credit Application, any resulting loan agreement, any privacy consents contained therein, or any disclosures were supplied to me, were delivered in electronic form only, or on the allegation that my signature or to the loan agreement was obtained electronically.

LS-27050 (2020/12)