Lending Policy

Elite Fund America LLC is not a lender or loan broker. We do not lend money, underwrite loans, or make credit decisions. Our platform connects users with a network of approved lenders and financial service providers. When you submit an inquiry, we search our network for offers that may fit your needs.

Elite Fund America LLC receives marketing fees from lenders and financial service providers for facilitating connections with new and returning customers. These partnerships are what allow us to keep our service free for consumers.

Lenders within our network operate under different licensing structures, including:

• Bank partnerships — lenders that work with banks so they can focus on customer experience while complying with applicable laws.
• State-licensed lenders — lenders licensed at the state level and complying with both federal and state regulations.
• Tribal affiliation — lenders associated with federally recognized Tribes, which may influence the governing laws and regulations.

Regardless of structure, all lenders are expected to follow relevant consumer protection laws.

Lenders in our network are required to comply with federal laws designed to protect consumers, including:

• Truth in Lending Act (TILA) — requires clear disclosure of loan terms such as the APR, finance charges, amount financed, and total payments so you can compare offers.
• Dodd-Frank Wall Street Reform and Consumer Protection Act — prohibits unfair, deceptive, or abusive acts or practices in consumer financial products and services.
• Equal Credit Opportunity Act (ECOA) — prohibits discrimination based on race, color, religion, national origin, sex, marital status, age, public-assistance income, or the exercise of rights under the Consumer Credit Protection Act.

Lenders may implement KYC procedures to verify your identity and prevent fraud. This process may involve collecting personal information such as your Social Security Number and requesting documents like photo ID or proof of residence.

As a borrower, it is important to:

• Carefully review the terms and conditions of any loan offer before accepting it.
• Understand the repayment schedule, interest rate, fees, and any penalties for late or missed payments.
• Contact the lender directly for clarification if any terms are unclear.

For questions about this lending policy, please email [email protected].