LCI Dibs Terms and Conditions: Borrowers
This website and the LCI Dibs lead marketplace (the Service) is operated by Little City Investments. Throughout the site, the terms “we”, “us” and “our” refer to Little City Investments. Little City Investments offers this website, including all information, tools and Services available from this site to you, the user, conditioned upon your acceptance of all terms, conditions, policies and notices stated here.
By participating in LCI Dibs, you engage in our “Service” and agree to be bound by the following terms and conditions (“Terms of Service”, “Terms”), including those additional terms and conditions and policies referenced herein and/or available by hyperlink. These Terms of Service apply to all users of the site, including without limitation users who are browsers, vendors, customers or other 3rd parties.
Please read these Terms of Service carefully before participating in LCI Dibs. By accessing or using any part of the site, you agree to be bound by these Terms of Service. If you do not agree to all the terms and conditions of this agreement, then you may not access the website or use the Services.
Any new features or tools which are added to the current website shall also be subject to the Terms of Service. You can review the most current version of the Terms of Service at any time on this page. We reserve the right to update, change or replace any part of these Terms of Service by posting updates and/or changes to our website. It is your responsibility to check this page periodically for changes. Your continued use of or access to the website following the posting of any changes constitutes acceptance of those changes.
SECTION 1 – SERVICE TERMS
By agreeing to these Terms of Service, you represent that you either are the borrower or have proof of representation from the borrower. You may not use this Service for any illegal or unauthorized purpose nor may you, in the use of the Service, violate any laws in your jurisdiction. A breach or violation of any of the Terms will result in an immediate termination of your Services.
By agreeing to these Terms of Service, you agree to abide by the following rules of the LCI Dibs marketplace:
- You agree to allow Little City Investments to post information from your loan application onto the LCI Dibs system.
- Opting in to LCI Dibs is not a guarantee that we will post your information on our system, and we reserve the right to remove your information at any time for any reason.
- You must contact us if you want your information to be removed from the system.
- You agree to be contacted by one 3rd party broker or lender who claims your loan in the LCI Dibs system. Little City Investments has no control over any 3rd party who may contact you through LCI Dibs, and each 3rd party operates independently from Little City Investments.
- There is no guarantee that you will be contacted by a 3rd party regarding your loan request, and there is no guarantee of funding by Little City Investments or any 3rd party unless otherwise provided in writing.
- You are not obligated to reply to or accept the services of the 3rd party who contacts you.
- In the event your loan is originated by the 3rd party who contacts you through LCI Dibs, Little City Investments is due to be paid the referral fee stated in the LCI Dibs system or otherwise agreed to between Little City Investments and the 3rd party in writing. This fee may be paid through a disbursement from the closing statement or may be paid directly from the 3rd party after closing. It is your responsibility to inquire from either LCI or the 3rd party what this fee is and how it will be paid.
- You agree to be contacted by Little City Investments in the future regarding the outcome of your transaction.
- If you are a loan broker opting in to LCI Dibs on behalf the borrower, you will be removed as the primary broker for the loan if a 3rd party within our system claims the lead.
SECTION 2 – GENERAL CONDITIONS
Little City Investments reserves the right to refuse or remove any user from the Service without warning for any reason. Any violation of these terms and conditions or abuse of the Service will result in account removal.
You agree not to reproduce, duplicate, copy, sell, resell or exploit any portion of the Service, use of the Service, or access to the Service or any contact on the website through which the Service is provided, without express written permission by us.
The headings used in this agreement are included for convenience only and will not limit or otherwise affect these Terms.
SECTION 3 – ACCURACY, COMPLETENESS AND TIMELINESS OF INFORMATION
We are not responsible if information made available on this site or in borrower loan applications is not accurate, complete or current. Material from this Service is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete or more timely sources of information. Any reliance on the material from borrower loan applications or otherwise stated by Little City Investments is at your own risk.
SECTION 4 – MODIFICATIONS TO THE SERVICE AND PRICES
While the Service is currently free to use for registered participants, prices for our Service are subject to change without notice. We reserve the right at any time to modify or discontinue the Service (or any part or content thereof) without notice at any time. We shall not be liable to you or to any third-party for any modification, price change, suspension or discontinuance of the Service.
SECTION 5 – THIRD-PARTY LINKS
Certain content via our Service may include materials from third-parties. Third-party links on this site may direct you to third-party websites that are not affiliated with us. We are not responsible for examining or evaluating the content or accuracy and we do not warrant and will not have any liability or responsibility for any third-party materials or websites, or for any other materials, products, or Services of third-parties.
SECTION 6 – PERSONAL INFORMATION
Your submission of personal information through the website is governed by our Privacy Policy, which can be viewed here: https://www.littlecityinvestments.com/privacy-policy/
Opting in to LCI Dibs will allow us to share the information you provide to us in your loan application with pre-approved 3rd party lenders and brokers. This information is shared in two tiers:
- Tier 1: Initially we post non-identifying information about your loan that focuses on the property and the attestations you make in the loan application. This information includes:
- Subject property address
- Loan amount requested
- Purpose of loan
- Any estimates of value that you provide
- Any additional notes that you provide
- Borrower attestations
- Any notes we have regarding the loan request and why we could not fund it
- Tier 2: If a 3rd party lender or broker claims your lead in our system, then we will also share the following information with them only:
- Your full name
- Your phone number
- Your email address
- Any documents you upload with your loan application such as executed contracts and construction budgets
- The following information is never shared with the 3rd party, and you are responsible for providing it to them if needed:
- Your home address
- Your social security number
SECTION 7 – DISCLAIMER OF WARRANTIES; LIMITATION OF LIABILITY
We do not guarantee, represent or warrant that your use of our Service will be uninterrupted, timely, secure or error-free.
We do not warrant that the results that may be obtained from the use of the Service will be accurate or reliable.
You agree that from time to time we may remove the Service for indefinite periods of time or cancel the Service at any time, without notice to you.
In no case shall Little City Investments, our directors, officers, employees, affiliates, agents, contractors, interns, suppliers, Service providers or licensors be liable for any injury, loss, claim, or any direct, indirect, incidental, punitive, special, or consequential damages of any kind, including, without limitation lost profits, lost revenue, lost savings, loss of data, replacement costs, or any similar damages, whether based in contract, tort (including negligence), strict liability or otherwise, arising from your use of any of the Service or any loan products procured using the Service, or for any other claim related in any way to your use of the Service or any loan product, including, but not limited to, any errors or omissions in any content, or any loss or damage of any kind incurred as a result of the use of the Service or any content (or product) posted, transmitted, or otherwise made available via the Service, even if advised of their possibility. Because some states or jurisdictions do not allow the exclusion or the limitation of liability for consequential or incidental damages, in such states or jurisdictions, our liability shall be limited to the maximum extent permitted by law.
SECTION 8 – INDEMNIFICATION
You agree to indemnify, defend and hold harmless Little City Investments and our parent, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, Service providers, subcontractors, suppliers, interns and employees, harmless from any claim or demand, including reasonable attorneys’ fees, made by any third-party due to or arising out of your breach of these Terms of Service or the documents they incorporate by reference, or your violation of any law or the rights of a third-party.
SECTION 9 – SEVERABILITY
In the event that any provision of these Terms of Service is determined to be unlawful, void or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from these Terms of Service, such determination shall not affect the validity and enforceability of any other remaining provisions.
SECTION 10 – TERMINATION
The obligations and liabilities of the parties incurred prior to the termination date shall survive the termination of this agreement for all purposes.
These Terms of Service are effective unless and until terminated by either you or us. You may terminate these Terms of Service at any time by notifying us that you no longer wish to use our Services.
If in our sole judgment you fail, or we suspect that you have failed, to comply with any term or provision of these Terms of Service, we also may terminate this agreement at any time without notice and you will remain liable for all amounts due up to and including the date of termination; and/or accordingly may deny you access to our Services (or any part thereof).
SECTION 11 – ENTIRE AGREEMENT
The failure of us to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of such right or provision.
These Terms of Service and any policies or operating rules posted by us on this site or in respect to the Service constitutes the entire agreement and understanding between you and us and governs your use of the Service, superseding any prior or contemporaneous agreements, communications and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of the Terms of Service).
Any ambiguities in the interpretation of these Terms of Service shall not be construed against the drafting party.
SECTION 12 – GOVERNING LAW
These Terms of Service and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of United States.
SECTION 13 – CHANGES TO TERMS OF SERVICE
You can review the most current version of the Terms of Service at any time at this page.
We reserve the right, at our sole discretion, to update, change or replace any part of these Terms of Service by posting updates and changes to our website. It is your responsibility to check our website periodically for changes. Your continued use of or access to our website or the Service following the posting of any changes to these Terms of Service constitutes acceptance of those changes.
SECTION 14 – CONTACT INFORMATION
Questions about the Terms of Service should be sent to us at https://www.littlecityinvestments.com/contact-us/.
Our contact information is posted below:
Little City Investments
127 E Riverside Dr, Ste 101
Austin, TX 78704
P: (512) 577-6049
F: (866) 397-8852