By signing this notice and continuing with the application process, you understand and agree that you are authorizing Real Estate Problem Solver LLC and its affiliates (“Real Estate Problem Solver LLC”) to obtain consumer reports and related information about you from one or more consumer reporting agencies, such as TransUnion, Experian, and Equifax.
You also authorize Real Estate Problem Solver LLC to verify information in your application, and you agree that Real Estate Problem Solver LLC may contact third parties to verify any such information.
Real Estate Problem Solver LLC may use your consumer reports to authenticate your identity, to make credit decisions, to administer the resale of Borrower Payment Dependent Notes (“BPDNs”) associated with your corresponding project investment, and for related purposes. You direct Real Estate Problem Solver LLC to provide on your behalf certain elements of your application, as well as consumer report information, but not including your tax identification number, to users of the website who are registered to use this information in making decisions whether to commit funds to purchase BPDNs. Such Member decisions, in turn, may assist Real Estate Problem Solver LLC in making decisions related to your loan. You also authorize Real Estate Problem Solver LLC to provide such information to Members in connection with the resale of BPDNs associated with your corresponding project investment.
You authorize Real Estate Problem Solver LLC to obtain consumer reports each time you request a corresponding project investment, during the processing or closing of a corresponding project investment to you, or at various times during the term of your corresponding project investment in connection with the servicing, monitoring, collection or enforcement of our rights or the resale or potential resale of any BPDNs associated with the loan.
“Real Estate Problem Solver LLC” or it’s affiliates (“the Company”) may obtain information about you from a consumer reporting agency for background check purposes. Thus, you may be the subject of a “consumer report.” The consumer report may contain information regarding your criminal history and/or motor vehicle records (“driving records”), and may also contain other background information about you. As such, the consumer report may bear upon your character, general reputation, personal characteristics, and/or mode of living.
ACKNOWLEDGEMENT AND AUTHORIZATION REGARDING BACKGROUND INVESTIGATION
I acknowledge receipt of the following documents: DISCLOSURE REGARDING BACKGROUND INVESTIGATION, A SUMMARY OF YOUR RIGHTS UNDER THE FAIR CREDIT REPORTING ACT, and ADDITIONAL STATE LAW NOTICES. I certify that I have read and understand those documents.”
