# Lender Subscription Terms **Draft for legal review.** This page is a starting template supplied with the LenderMatrix software. Have it reviewed and completed by qualified counsel before launch, then remove this notice. ### Subscriptions and billing - Subscriptions are billed in advance, monthly or annually, to the card on file through our payment processor, and renew automatically until cancelled. - **Free trial:** the trial requires a card, lasts the number of days shown at sign-up and is not charged. Unless you cancel or choose another plan before it ends, it converts to the plan shown at sign-up at the then-current price. - **Upgrades** take effect immediately and a prorated amount for the rest of the current period is charged. **Downgrades** take effect at the next renewal. No refunds are given for downgrades or partial periods unless the law requires otherwise. - **Cancellation** stops future renewals. You keep access until the end of the period already paid for, after which your programs are hidden. Your data is retained so you can return. - **Failed payments:** if a payment fails we notify you and keep your programs live during a grace period. If the balance remains unpaid at the end of the grace period your programs are hidden until billing is resolved. Nothing is deleted. - **Price changes:** changes to public prices do not alter the price of an existing subscription without notice to you. ### Promotional placement Promotions are labeled as advertising, are subject to ranking caps and rotation, and do not guarantee any number of views, requests or funded loans. ### Your obligations Keep listings accurate and current; hold all licenses and make all disclosures that apply to you; use borrower information only to respond to that borrower; never describe a LenderMatrix match as an approval. --- Source: https://lendermatrix.com/lender-terms/ LenderMatrix is a marketplace, not a lender. Program information is supplied by lenders and can change. A potential match is not an approval or an offer of credit.