BACKED INC. ELECTRONIC COMMUNICATIONS

Effective Date: 15 AUGUST 2015


E-SIGN DISCLOSURE AND CONSENT TO ELECTRONIC RECEIPT OF LOAN DISCLOSURES

You understand that in order to submit a credit application to Backed Inc. (“we”, “us”, or “our”) and view and retain a copy of the related notices, disclosures, agreements, authorizations, and other documents during the course of our relationship with you (collectively, “Loan Disclosures”), you must consent to receive Loan Disclosures electronically. Described below are the terms and conditions for providing Loan Disclosures to you electronically. Please read the information below carefully and thoroughly.

You acknowledge and agree that we may provide you with the Loan Disclosures in electronic format, and that we are not required to send a paper document to you, unless and until you withdraw your consent as described below. All Loan Disclosures that we provide to you in electronic format will be provided either (i) via e-mail, (ii) by access to our online platform, or (iii) by requesting you to download a PDF.


1. Getting paper copies.

You may request from us a paper copy of any Loan Disclosure that we have provided or made available to you electronically without charge, provided that such request is made within a reasonable time after we first provided the Loan Disclosure to you. To request paper copies, you may contact us at (877) 583-3680 or by e-mail to customerservice@backedinc.com.

2. Withdrawing your consent.

Contact us at (877) 583-3680 or by e-mail to customerservice@backedinc.com to withdraw your consent to receive Loan Disclosures in electronic form. Please be aware that if you elect to receive Loan Disclosures only in paper format we will be unable to process your application and if you elect to receive Loan Disclosures only in paper format after your loan is approved, it may slow the speed at which we can deliver services to you.

3. To advise Backed Inc. of your new e-mail address.

You are required to provide us with an accurate and complete e-mail address and update any changes to the information promptly. To let us know of a change, contact us at (877) 583-3680 or by e-mail to customerservice@backedinc.com. At our discretion, we may treat your failure to provide us with a valid e-mail address or the malfunction of a previously valid e-mail address as a withdrawal of your consent to receive electronic Loan Disclosure.

4. Required hardware and software.

In order to access, view and retain the Loan Disclosures we make available to you in electronic form, you must provide at your own expense an Internet connected device. You must have the following hardware and software:


Browsers Up to date internet browser supporting HTML and 128-bit SSL encryption to access your account.
PDF Reader Software that enables you to view and print Portable Document Files (PDF) such as Adobe® Acrobat Reader or similar
E-Mail Account Up to date internet browser supporting HTML and 128-bit SSL encryption to access your account.
Storage Capacity Sufficient electronic storage capacity on your computer’s hard drive or other data storage unit to retain the Loan Disclosures and/or a printer to print them

5. Federal Law.

All Loan Disclosures we provide to you in either electronic or paper format will be considered “in writing”. You should print or download for your records a copy of this E-Sign Disclosure and Consent of Electronic Receipt of Loan Disclosures (“E-Sign Consent”) and any other Loan Disclosures. You agree, and we both intend the federal Electronic Signatures in Global and National Commerce Act to apply to (i) this E-Sign Consent and (ii) our ability to conduct business with you by electronic means.

6. Termination/Changes.

We reserve the right, in our sole discretion, to provide you with any Loan Disclosures in paper format and to discontinue electronic provision of Loan Disclosures at any time. We will provide you with notice of any such termination or change as required by law.

7. Acknowledging your access and consent to receive materials electronically.

By checking the radio button next to Consent to Electronic Communication, you: (i) confirm your consent to receive Loan Disclosures in electronic format; (ii) affirmatively demonstrate your ability to access and read, and also print or save, this E-Sign Consent and the Loan Disclosures; (iii) confirm that you have provided a valid e-mail address at which we can send electronic Loan Disclosures to you; (iv) have access to software and hardware that satisfies the above requirements; and (v) agree to the terms and conditions of this E-Sign Consent.