PLEASE CAREFULLY REVIEW THESE TERMS AND CONDITIONS.  IF YOU DO NOT AGREE TO THESE TERMS, YOU SHOULD NOT SUBMIT THE APPLICATION. 

USER AGREEMENT

The following are terms of an initial legal agreement (the “Agreement”) between you and Northwest Minnesota Foundation (“NMF”) that sets forth the terms and conditions for your use of this online loan application on (the “Site”). The Site is owned and operated by NMF. This Site is being provided to you expressly subject to this Agreement. By accessing, browsing and/or using the Site, you acknowledge that you have read, understood, and agree to be bound by the terms of this Agreement and to comply with all applicable laws and regulations. The terms and conditions of this Agreement form an essential basis of the bargain between you and NMF.

NMF reserves the right to amend this Agreement at any time and will notify you of any such changes.  Your continued use of the Site after any change to this Agreement constitutes your agreement to be bound by any such changes. NMF may terminate, suspend, change, or restrict access to all or any part of this Site without notice or liability.

LIMITATIONS OF USE

The copyright in all material on this Site, including without limitation the text, data, articles, design, source code, software, photos, images and other information (collectively the “Content”), is held by NMF or by the original creator of the material and is protected by U.S. and International copyright laws and treaties. You agree that the Content may not be copied, reproduced, distributed, republished, displayed, posted or transmitted in any form or by any means, including, but not limited to, electronic, mechanical, photocopying, recording, or otherwise, without the express prior written consent of NMF. You acknowledge that the Content is and shall remain the property of NMF. You may not modify, participate in the sale or transfer of, or create derivative works based on any Content, in whole or in part. The use of the Content on any other Site, including by linking or framing, or in any networked computer environment for any purpose, is prohibited without NMF’s prior written approval. You also may not, without NMF’s express written permission, “mirror” any material contained on this Site on any other server. Any unauthorized use of any Content on this Site may violate copyright laws, trademark laws, the laws of privacy and publicity, and communications statutes and regulations. You agree to use the Content and Site only for lawful purposes. You are prohibited from any use of the Content or Site that would constitute a violation of any applicable law, regulation, rule or ordinance of any nationality, state, or locality or of any international law or treaty, or that could give rise to any civil or criminal liability. Members of the NMF borrowing community must be U.S. Residents that are 18 years of age or older. Children under the age of 18 are not eligible to participate in the offerings on this website.

CONSENT TO DOING BUSINESS ELECTRONICALLY

Whether you choose to participate on the NMF platform as a borrower, lender or group leader, from time to time you will receive disclosures, notices, documents and information (“Communications”) from NMF, a private foundation.  We can only give you the benefits of our service by conducting business through the Internet, and therefore we need you to consent to our giving you Communications electronically.

Registration as a NMF Borrower

You are registering with NMF as a borrower so that you can make loan requests or “listings” through the platform. In entering into this Agreement, you are agreeing to comply with the Terms of Use for the platform as well as any other rules or policies set forth on NMF’s website (www.nwmf.org) any of which may be amended from time to time by NMF in its sole discretion. We reserve the right to restrict access to the platform to individuals who meet minimum credit guidelines and other criteria, as determined by us in our sole discretion.

Authorization to Obtain Credit Report

By registering on the platform as a borrower, you authorize NMF, to obtain a credit report from one or more consumer credit reporting agencies. We may use the credit report for any purpose that would be authorized by applicable law in connection with a credit transaction involving you and involving the extension of credit to you or review or collection of your account, including but not limited to (i) for authentication purposes, to make sure you are who you say you are, (ii) to make credit decisions; (iii) to determine how much debt you currently have, in order to determine your debt-to-income ratio, and (iv) to obtain your credit score and assign you a NMF Rating based in part on that score.  You authorize us to verify information in your credit report and your listing, and you agree that NMF may contact third parties without further notice to you to verify any such information. We may obtain your credit report each time you create a listing and at any other time that we deem it necessary in our sole discretion.

Changes in Your Contact Information

Please keep us informed of any changes in your email or mailing address so that you continue to receive all Communications without interruption.  Northwest Minnesota Foundation 201 3rd Street NW, Bemidji, MN 56601

SUBMISSIONS TO THE SITE

All remarks, discussions, ideas, concepts, know-how, techniques, graphics or other submissions communicated to NMF through this Site (collectively, “Submissions”) is subject to confidentiality regarding Submissions.

OTHER AGREEMENTS

This Agreement shall be subject to any other agreements you have entered into with Prosper.

CONTACTING US

If you have questions regarding the Agreement or the practices of NMF, please contact us by phone at 218-759-2057.

Last updated September 16, 2014