Licenses, Disclosures, and Notices

Licensing:

National Auto Loan NetworkTM (NALN) is headquartered in California and maintains a license with the California Corporations Commission. NALN is also an accredited member of the Better Business Bureau with an “A” rating. All lenders who work with NALN are FDIC and NCUA insured banks, credit unions and thrifts.

NALN is licensed in all states where it conducts business and where a license is required. In most states, NALN can also sell other auto specific finance products such as Gap (Guaranteed Automobile Protection), Anti-theft and Mechanical Breakdown Insurance and / or Vehicle Service Contracts.

Disclosures:

Electronic Document and Disclosures Policy

For this disclosure, “we,” “us,” and “our,” refers to NALN and “you” and “your” refers to each individual who signs electronically by clicking “I Agree” at the application screen. Under the federal Electronic Signatures in Global and National Commerce (ESIGN) Act, we must obtain your consent prior to delivering legal disclosures and documents to you in an electronic format. Your consent is required to establish your account online and allow us to provide you with the applicable disclosures and documents in an electronic format. If you prefer not to receive your disclosures and documents in electronic format, please call NALN at 888-391-3504; Monday through Friday, 8:00am to 6pm or email us at info@naln.com.

Consent to electronic documents and disclosures

You hereby consent to receive documents and disclosures in relation to securing vehicle financing and you may also receive disclosures related to establishing membership and opening accounts with our bank, credit union and/or thrift partners, collectively “lenders”. You may request paper copies of any/all documents free of charge by contacting NALN by telephone at 1-888-391-3504; Monday through Friday, 8:00am to 6pm or by emailing your NALN representative. To receive documents and disclosures electronically, you must use a computer that meets minimum hardware and software requirements. Please see below under Hardware and Software Requirements for a list of these requirements.

Amendments

NALN reserves the right to add to, change, update, or modify this statement of Licenses, Disclosures and Notices, its Privacy Policy or its Security Statement by posting such change, update, or modification in the applicable section on the website. Any such change, update or modification will be effective immediately upon posting to this site. Notice of the change, update, or modification shall be effected by posting it on this website. You should check this site regularly to see if there have been any changes. Your continued use of this site after a revision has been posted signifies your acceptance of that revision.

State Specific Disclosures:

California Residents:

For purposes of compliance with the California Financial Privacy Act, if you are a resident of the State of California and would like to opt-out from the disclosure of your personal information to any third-party for marketing purposes, please go to www.naln.com/optout. If you are married, you may apply with or without your spouse.

Maine Residents:

The Lender at the time of application for the loan or at the outset of negotiations regarding the loan or shall inform the borrower of that person's right of free choice in the selection of the agent and insurer through or by which the insurance in connection with the loan is to be placed, including the right to choose an agent or broker whether or not that agent or broker is affiliated with a creditor or lender.

Ohio Residents:

The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

Wisconsin Residents:

No provision of any Marital Property Agreement, a Unilateral Statement under Section 766.59 Wisconsin Statutes or a court decree under Section 766.70 Wisconsin Statutes adversely affects the interest of NALN unless NALN, prior to the time credit is granted, is furnished a copy of the agreement, statement or decree or has knowledge of the adverse provision when the obligation to NALN is incurred.

Hardware and Software Requirements

Before you can receive documents electronically, you must determine if you have the necessary hardware and software detailed below to access, print and save all electronic documents. To access and save the electronic documents it will be necessary to use Adobe Acrobat Reader as all documents will be in a PDF file. Adobe Acrobat can be downloaded to your computer at no cost from Adobe's website at http://www.adobe.com/reader.

Updating Your Contact Information

To update your electronic profile you may do so at any time at naln.com or by contacting NALN by telephone at 1-888-391-3504.

Withdrawal of Consent for Electronic Delivery

You may withdraw consent for electronic delivery of legal disclosures, agreements, instructions, and communications, but doing so will not affect the legal effectiveness, validity or enforceability of electronic records made available to you prior to implementing your withdrawal of consent. After withdrawal, the loan process will be completed by overnight courier. If you wish to withdraw your consent to receive electronic documents, you may do so at any time by contacting an NALN representative by telephone at 1-888-391-3504.

Notices:

USA Patriot Act Notice

Customer Identification Program Notification:

Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, in order to help the government fight the funding of terrorism and money laundering activities.

What this means for you:

When you open an account, you will be asked for your name, address, date of birth and other information that will allow the financial institution/lender to identify you.

Please be advised that the aforementioned identification requirements are mandated by law; are intended to help combat terrorism and other attempts to use the United States’ financial systems for improper purposes; and help protect you from identity theft.

Equal Credit Opportunity Act Notice

The Equal Credit Opportunity Act (ECOA) statute provides that its purpose is to require financial institutions and other firms engaged in the extension of credit to "make credit equally available to all creditworthy customers without regard to sex or marital status." Moreover, the statute makes it unlawful for "any creditor to discriminate against any applicant with respect to any aspect of a credit transaction on the basis of race, color, religion, national origin, sex or marital status, or age (provided the applicant has the capacity to contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has, in good faith, exercised any right under the Consumer Credit Protection Act."

The ECOA has two principal theories of liability: disparate treatment and disparate impact. Disparate treatment occurs when a creditor treats an applicant differently based on a prohibited basis, such as race or national origin. Disparate impact occurs when a creditor employs facially neutral policies or practices that have an adverse effect or impact on a member of a protected class unless it meets a legitimate business need that cannot reasonably be achieved by means that are less disparate in their impact.

In keeping with the broad reach of the statute's prohibition, the regulation covers creditor activities before, during, and after the extension of credit.