Terms of Service


BM&T LOANS TERMS OF SERVICE

Introduction

BM&T Loans is a Payday and Installment loans lender licensed in the state of Utah. BM&T Loans is a DBA (Doing Business As) of Tralavek Group LLC which specializes in consulting services for the short-term lending industry.

By accessing www.bmtloans.com website ("Site"), you agree to the terms and conditions below. If you do not agree to the terms and conditions, you must discontinue your use of this Site at this time. Additionally, if at any time you do not agree with any of the terms and conditions below, you must immediately cease your use of this Site.

Our websites

BM&T Loans owns and operates www.bmtloans.com and www.bmtloansusa.com. These two websites are setup in a split-domain configuration: the www.bmtloans.com is our public facing Site and www.bmtloansusa.com is our customer portal Site. BM&T Loans relies on the two Sites to run its operations.

At at www.bmtloans.com users can read about our loan products and apply for a loan. Once the loan is approved a customer account is created. When the customer clicks the login buton in www.bmtloans.com and logs in successfully, the user is redirected to www.bmtloansusa.com (the customer portal Site).

Third-party websites

You may have been redirected to this Site via an external third-party such as a Leads generator or marketing company. Please note that these external Sites are not operated by BM&T Loans. Therefore, we have no control over and assume no responsibility for the content, privacy policies, or practices of any third-party Sites or services. For that reason, we strongly advise you to refer to the terms, conditions, and privacy policies of those external third-party Sites for further information regarding the utilization and distribution of your information.

Permission to gather and underwrite your data

You give BM&T Loans permission to verify the information you provided to us in this application. We may also use the information you provided to gather additional data related to your loan application. This information may come from a number of sources, including consumer reporting agencies and sources named in this application. If we make you a loan and you consent to ACH withdrawals for loan payments, we will use the bank account information you give us to process those payments.

Credit reporting disclosure

You agree that we may make inquiries concerning your credit history and standing, and we may report information concerning your loan performance including, but not limited to, late payments, missed payments, or other defaults, to credit reporting agencies.

Consent for your electronic signatures

You give your consent to electronic disclosures. This consent informs you of your rights when receiving legally required disclosures, notices and information from BM&T Loans.

By submitting your contact information with us, you authorize BM&T Loans to contact you regarding your application and loan servicing, inclusive of loan account or application-related matters, payment reminders and notices, or for collections and other loan-related issues.

By applying for or beginning an application to receive our services, you are registering for an account with us and consenting to being contacted by us via written notices, email messages, text messages, or telephone, at any email address or mailing address we have for you in our records or from other public and nonpublic databases we may lawfully access. Specifically related to telephone calls, you also consent to the use of voice messages at any number associated with your account, inclusive of mobile numbers that could result in additional charges to you from your mobile provider, for matters related to your account with us. You also authorize BM&T Loans to contact various third-party sources to verify the information you have provided to us on your application.

Consent to be contacted

By submitting your contact information with us, you are expressly consenting to be contacted by us via telephone, voicemail messaging, text messaging, email messaging, or postal mail with no regard to the Do-Not-Call Registry or similar registries.

By submitting your contact information with us, you authorize BM&T Loans to contact you regarding your application and loan servicing, inclusive of loan account or application-related matters, payment reminders and notices, or for collections and other loan-related issues.

By applying for or beginning an application to receive our services, you are registering for an account with us and consenting to being contacted by us via written notices, email messages, text messages, or telephone, at any email address or mailing address we have for you in our records or from other public and nonpublic databases we may lawfully access. Specifically related to telephone calls, you also consent to the use of voice messages at any number associated with your account, inclusive of mobile numbers that could result in additional charges to you from your mobile provider, for matters related to your account with us. You also authorize BM&T Loans to contact various third-party sources to verify the information you have provided to us on your application.

Fair lending policy statement

BM&T Loans is providing you the following information in a manner consistent with principles under applicable United States federal law. It is BM&T Loans policy to make credit products and associated loan operations support services available to all qualified applicants without discriminating on the basis of race, color, religion, national origin, sex, marital status, or age (provided that the applicant is over the age of 18 and has the legal capacity to enter into a binding contract); income derived from any public assistance program; or the fact that the applicant has in good faith exercised any right under the Consumer Credit Protection Act. We will not discourage a consumer from making or pursuing an application for credit on a prohibited basis. BM&T Loans treats all consumers in a fair, equitable, and consistent manner on an equal opportunity basis.

Opt-out or STOP text messages

This policy applies to the text messages sent by BM&T Loans to our customers while and after they use our product. If you wish to stop receiving marketing text messages from BM&T Loans, reply to any text message we have sent you and in the reply text simply type STOP. If you wish to stop receiving all text messages from BM&T Loans including those with information about payment due dates or missed payments, type STOP ALL in the reply text you send us. Your stop request will become effective within one business day. You may also stop text messages by calling us (or emailing us) using the contact information below.

Compliance with children's online privacy protection act

Protecting the privacy of the very young is especially important. For that reason, we never collect or maintain information at our Sites from those we actually know are under 18, and no part of our website is structured to attract anyone under 18.

Indemnity

By using BM&T Loans website, you agree to defend, indemnify, and hold harmless BM&T Loans from and against any and all losses, claims, damages, costs and expenses, including reasonable legal and accounting fees, that BM&T Loans may incur arising or resulting from your use of this Site, the content of the Site, or your breach of these Terms. BM&T Loans reserves the right to assume or participate, at your expense, in the investigation, settlement and defense of any such action or claim.

Termination

This Agreement is effective until terminated by BM&T Loans. BM&T Loans may terminate this Agreement at any time without notice. BM&T Loans may also suspend or terminate your access and use of the Site at any time, with or without cause, in BM&T Loans’s absolute discretion and without notice.

Applicable law and dispute resolution

This Agreement and all other aspects of your use of the Site shall be governed by and construed in accordance with the laws of the the state of UTAH, to the extent applicable, to the laws of the United States. You agree that you will notify BM&T Loans in writing of any claim or dispute concerning or relating to this Site and the information or services provided through it, and give BM&T Loans a reasonable period of time to address it BEFORE bringing any legal action, either individually, as a class member or representative, or as a private attorney general, against BM&T Loans.

THIS AGREEMENT PROVIDES FOR RESOLUTION OF DISPUTES THROUGH FINAL AND BINDING ARBITRATION BEFORE A NEUTRAL ARBITRATOR AND REPLACES THE RIGHT TO GO TO COURT AND HAVE A DISPUTE RESOLVED BY A JUDGE OR JURY. THIS AGREEMENT ALSO WAIVES YOUR ABILITY TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION

This Agreement is effective until terminated by BM&T Loans. BM&T Loans may terminate this Agreement at any time without notice. BM&T Loans may also suspend or terminate your access and use of the Site at any time, with or without cause, in BM&T Loans’s absolute discretion and without notice.

General Provisions

This Agreement supersedes any previous Terms of Service to which you and BM&T Loans may have been bound. This Agreement will be binding on, and be enforceable against the parties and their respective successors and assigns. Neither the course of conduct between parties nor trade practice shall act to modify any provision of the Agreement. All rights not expressly granted herein are hereby reserved. If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall be enforced to the fullest extent possible, and the remaining provisions of the Agreement shall remain in full force and effect.

OLA Consumer Hotline

The Online Lenders Alliance (OLA) sets industry standards and best practices , ensuring that customers are fully informed and fairly treated. OLA also serves as a resource to federal and state policymakers on issues related to access to credit. OLA's Consumer Hotline provides a resource for consumers to speak to live operators for help and to report fraud.

Consumer Hotline Number: 1-866-299-7585

Contacting us

If you have any questions about this Terms of Service, the practices of this site, or your dealings with this site, please contact us at:

BM&T Loans
https://www.bmtloans.com/contact-us
801-207-9039 | [email protected]

This document was last updated on March 25, 2020