{"id":9063,"date":"2024-03-22T09:49:58","date_gmt":"2024-03-22T13:49:58","guid":{"rendered":"https:\/\/solofunds.com\/?page_id=9063"},"modified":"2025-01-22T12:55:04","modified_gmt":"2025-01-22T17:55:04","slug":"terms-archived","status":"publish","type":"page","link":"https:\/\/solofunds.com\/terms-archived\/","title":{"rendered":"Terms of Service (Archived)"},"content":{"rendered":"

Revised: January 22, 2024<\/span><\/p>\n

SoLo\u00a0<\/span>has contracted with certain service providers in order to provide services to you.\u00a0<\/span>Certain services are offered through Synapse Financial Technologies, Inc. and its affiliate Synapse Brokerage LLC (collectively, \u201cSynapse\u201d) and\u00a0<\/span>certain third-party financial service providers (each of the foregoing being a \u201cPartner Financial Institution\u201d)<\/span>. Synapse is not a bank and is not affiliated with\u00a0SoLo.\u00a0Brokerage accounts and cash management programs are provided through Synapse Brokerage LLC (\u201cSynapse Brokerage\u201d), an SEC-registered broker-dealer and member of\u00a0<\/span>FINRA<\/span><\/a>\u00a0and\u00a0<\/span>SIPC<\/span><\/a>. Additional information about Synapse Brokerage can be found on\u00a0<\/span>FINRA’s BrokerCheck<\/span><\/a>. <\/span>Deposit Accounts are provided by Evolve Bank & Trust, Member FDIC. <\/span>Funds are FDIC insured, subject to applicable limitations and restrictions when we receive the funds deposited to your account. <\/span>By opening a deposit account, you agree to the <\/span>Evolve Bank & Trust U.S. Consumer Privacy Notice. <\/span><\/a>To the extent allowed by law, you further agree to receive updated privacy notices through Evolve and Synapse (www.synapsefi.com\/legal) website.<\/span><\/p>\n

By participating in a Synapse cash management program, you acknowledge receipt of and accept the\u00a0<\/span>Synapse Terms of Service<\/span><\/a> and <\/span>Privacy Policy<\/span><\/a>, and the applicable disclosures and agreements available in\u00a0<\/span>Synapse\u2019s Disclosure Library<\/span><\/a>.\u00a0The Partner Financial Institution(s) participating in a Synapse cash management program can be found in the\u00a0<\/span>List of Program Banks<\/span><\/a>.<\/span><\/p>\n

Cash management programs and bank services are enabled through our technology software provider, Synapse Financial Technologies, Inc. and their affiliates and Partner Financial Institutions. To report a complaint relating to bank services contact Synapse at help@synapsefi.com and to report a complaint relating to a cash management program contact Synapse Brokerage LLC at brokerage@synapsefi.com.”<\/span>
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By creating an account with\u00a0<\/span>SoLo<\/span> and initiating financial transactions, you agree to the <\/span>Synapse Terms of Service<\/span><\/a>\u00a0and<\/span>\u00a0<\/span>Privacy Policy<\/span><\/a>. You also agree to the terms of service and privacy policy of Synapse\u2019s Partner Financial Institution corresponding to the financial service and product(s) you select (collectively, \u201cSynapse Terms\u201d), each of which can be found<\/span>\u00a0<\/span>here<\/span><\/a>\u00a0and which are incorporated herein by reference. By creating <\/span>an account with us, you acknowledge that Synapse may share your information as necessary with their affiliates, Partner Financial Institutions and other service providers in connection with providing their respective services. It is your responsibility to make<\/span> sure that the information you provide to\u00a0<\/span>SoLo<\/span> is accurate and complete. Additionally, you are responsible for complying with Synapse Terms when using your account. It is your responsibility to read and understand Synapse Terms as it contains terms and conditions relating to your account including but not limited to your rights, limitations, reversal and other liabilities, limitation of liability and binding arbitration provisions. All financial transactions are performed by Synapse\u2019s Partner Financial Institutions, a list of which can be found at\u00a0<\/span>synapsefi.com\/legal<\/span><\/a>.\u00a0<\/span>SoLo<\/span> will provide you with all access to all transaction notifications and account balances in addition to providing customer support relating to your account. You should refer to your account agreement for more important information.<\/span><\/p>\n

These Terms of Service, together with <\/span>SoLo\u2019s Privacy Policy<\/span><\/a>, <\/span>SoLo\u2019s E-Sign Disclosure<\/span><\/a>, <\/span>Synapse Terms of Service<\/span><\/a>, <\/span>Synapse Privacy Policy<\/span><\/a>, <\/span>Synapse\u2019s Disclosure Library<\/span><\/a>, and <\/span>Evolve\u2019s Deposit Agreement<\/span><\/a>, make up the Terms and Conditions for the use of SoLo\u2019s platform. <\/span><\/p>\n

THIS MOBILE APPLICATION IS POWERED BY SOLO FUNDS, INC. (\u201c<\/span>SoLo<\/b>\u201c).\u00a0 By using this mobile application (the \u201c<\/span>Platform<\/b>\u201c), establishing an account, or applying for a loan through the Platform (collectively, the \u201c<\/span>Services<\/b>\u201c), you consent to these <\/span>Terms of Service<\/span>, the SoLo Privacy Policy, and the E-SIGN Disclosure (collectively, the \u201c<\/span>Agreement<\/b>\u201c) between you, the user (\u201c<\/span>you<\/b>\u201d or \u201c<\/span>your<\/b>\u201c), and us.<\/span><\/p>\n

These<\/span> Terms of Service<\/span> govern use of the Services. Please note that your application for any loan through the Platform is subject to a separate agreement with the third-party loan provider that will be provided to you upon application. THIS AGREEMENT DOES NOT COVER THE LOAN APPLIED FOR OR OBTAINED THROUGH THE PLATFORM, unless otherwise stated herein. Credit building and insurance services are provided by separate 3rd party service providers not affiliated with Synapse or Solo Funds.<\/span><\/p>\n

You are responsible for your use of the Services and for any consequences thereof. You are only authorized to access the Platform or use the Services (regardless of whether your access or use is intended) if you agree to abide by all applicable laws and to this Agreement. If you use the Services in violation of any law or if you attempt to defraud SoLo or its users in any way, please be aware that SoLo will prosecute you to the full extent of the law. We reserve the right at all times (but will not have an obligation) to suspend and or terminate users without liability to you.<\/span><\/p>\n

You will be notified in the event that your consent to additional terms and conditions is necessary to participate in certain other services provided through the Platform. SoLo may modify this Agreement from time to time and such modification shall be effective upon posting on the Platform. You agree to be bound to any changes to this Agreement when you use the Platform after any such modification is posted. It is therefore important that you review this Agreement regularly upon each use of the Services to ensure you are updated as to any changes.<\/span><\/p>\n

THIS AGREEMENT CONTAINS AN ARBITRATION PROVISION THAT AUTHORIZES EITHER PARTY TO ELECT MANDATORY AND BINDING ARBITRATION OF CERTAIN DISPUTES WHERE PERMITTED BY LAW. THE TERMS OF THE ARBITRATION PROVISION ARE SET FORTH IN THE SECTION ENTITLED \u201cRESOLUTION OF DISPUTES BY ARBITRATION.\u201d PLEASE READ THIS ARBITRATION PROVISION CAREFULLY.<\/b><\/p>\n

The Platform.<\/span><\/i> The Platform operates using the Pacific Time Zone and you agree through your use of the Platform to be subject to that time zone for the timing of transactions. The Platform provides a means by which you may: (1) as a \u201c<\/span>Borrower<\/b>,\u201d submit an application (\u201c<\/span>Application<\/b>\u201c), and subject to the discretion of other users, obtain a personal loan (\u201c<\/span>Loan<\/b>\u201c); and\/or (2) as a \u201c<\/span>Lender<\/b>,\u201d evaluate Applications and subsequently fund Loans. SoLo is not engaged in the brokering or origination of loans made through the Platform, but merely provides a marketplace for Borrowers and Lenders.<\/span><\/p>\n

SoLo is Not a Party to Loan Agreements.<\/span><\/i> While SoLo may determine your eligibility to access the Platform or to use the Services and may provide functionality utilized by Lenders in evaluating Applications, SoLo is not involved in the decision to fund a Loan and SoLo is not a party to any Loan that was initiated on or through the Services. Any rights arising in connection with the Loan shall be asserted by you solely against the third-party provider and you expressly agree not to involve SoLo in any legal dispute you have with a third-party provider regarding the Loan. <\/span>SOLO IS MAKING NO REPRESENTATIONS AND DOES NOT ENDORSE the accuracy of any information provided on or through the Services. You agree that any and all Loan Agreements you enter into using the Services are at your own risk.<\/b> We are not responsible for the actions of our users or your interactions with other users and we advise you to use the Services safely and responsibly. You understand that by using the Services, you may be exposed to content that might be inaccurate, mislabeled or are otherwise deceptive. Under no circumstances will SoLo be liable in any way for any content posted, emailed, transmitted, or otherwise made available via the Services or any wrongful or fraudulent action of its users or any other third parties.<\/span><\/p>\n

Third Party Content.<\/span><\/i> The Platform may contain third party content related to third parties (including links to third party websites), which is not owned or controlled by SoLo.<\/span><\/p>\n

Access.<\/span><\/i> Use of the Platform and Services are void where prohibited. By creating a profile (\u201c<\/span>Profile<\/b>\u201c), you represent and warrant that (a) all information you submit in connection with your Application is complete and accurate; (b) you will maintain the accuracy of such information; (c) the information submitted is your own; and (c) your use of the Services does not violate any applicable law or regulation. SoLo may, in its sole discretion, delay or restrict, either permanently or temporarily, your access to the Services, and may impose conditions or restrictions on your use of the Services.<\/span><\/p>\n

Use of Automated Systems. <\/span><\/i>SoLo is a community platform that provides opportunities for Lenders to assist Borrowers in need of emergency funding. The protection and integrity of the community is paramount to fulfilling SoLo\u2019s mission. As a result, you agree not to use or launch any automated system to access the Service. Consequently, any User determined by SoLo to be employing the use of automated systems will cause SoLo to take remedial actions without notice including, but not limited to, the rendering of the prohibited tool in becoming non-operational,\u00a0 account restrictions and\/or termination.<\/span><\/p>\n

Login Protection.<\/span><\/i> You will not disclose your login credentials (user name or password) to any person. You understand and agree that we may rely on the use of your login credentials to access your Profile through the Platform and are therefore authorized to act upon instructions and information received from any person that enters your login credentials. You are solely responsible for the activity that occurs on your profile, and you must keep your login credentials secure. You must notify SoLo immediately of any breach of security or unauthorized use of your Profile.<\/span><\/p>\n

Social Media Authorization.<\/span><\/i> You authorize SoLo to utilize information contained in your social media accounts (e.g., Facebook, Instagram, Twitter, LinkedIn) for purposes of augmenting data that you provide to SoLo through the Platform.<\/span><\/p>\n

Terms Specific to Borrowers<\/span><\/i><\/p>\n