Pursuant to NRS 645B, investors must meet minimum financial requirements in order to invest in a mortgage loan. Before an investor may invest in any mortgage loan, the investor must verify that he/she meets one or more of the following financial requirements:
The total investments in mortgage loans transacted by a mortgage broker or mortgage agent are not valued at more than 50% of the investor's net worth or net annual income.
Ignite Funding reserves the right to restrict from further investing or close an account upon final payoff at any time if Ignite Funding has reasonable cause to believe that a client no longer meets the financial suitability requirements set forth or capacity to make informed decisions about his/her investments.
By my initials below, I agree and acknowledge that I meet the minimum financial requirements in order to invest in a mortgage loan.
I/We acknowledge receiving a copy of this Investor Account Form and I/we have had the opportunity to read it and understand it. Furthermore, I/we acknowledge that I/we have read all of the information on this Investor Account Form, have reviewed the terms and conditions of this agreement including all information contained in this Investor Account Form, and do hereby verify that all of the information provided is true and correct and may be relied upon by Ignite Funding for any purposes related hereto. Further, I/we do hereby indemnify Ignite Funding, their officers, directors, shareholders, agents, employees, attorneys, insurers, insured, successors, heirs, and assigns, and any parents, affiliates and/or subsidiaries, for any loss, claims or damages, including legal fees, which may be incurred as a result of any violations resulting from their reliance upon the information I/we have provided. I/we also acknowledge my/our responsibility to read the trust deed summary sheet of any investment selection offered. I/WE ACKNOWLEDGE THAT IGNITE FUNDING DOES NOT PROVIDE INVESTMENT, TAX OR LEGAL ADVICE.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, government-issued identification number, date of birth and other information that will allow us to identify you. We will ask to see and copy your valid driver's license or other identifying government issued photo identification.
NON-BINDING ARBITRATION AGREEMENT
The customer and Ignite Funding agree that all controversies which may arise between the customer and/or investment associate concerning any transaction or the construction, performance, or breach of this or any agreement pertaining to trust deed investments or other property, whether entered into prior, on or subsequent to the date hereof, shall be determined by non-binding arbitration. Any non-binding arbitration under this Agreement shall be conducted pursuant to the Federal Arbitration Act and the laws of the State of Nevada before the American Arbitration Association located in Clark County, Nevada in accordance with the rules of the selected organization.
No person shall bring a punitive or certified class action to arbitration, nor seek to enforce any pre-dispute non-binding arbitration agreement against any person who has initiated in court a punitive class action, or who is a member of a punitive class who has not opted out of the class with respect to any claims encompassed by the punitive class action until: (1) the class certification is denied; (2) the class is decertified; or (3) the customer is excluded from the class by the court.
This agreement shall be deemed to have been made in the State of Nevada and shall be conjured and the rights and liabilities of the parties determined, in accordance with the laws of the State of Nevada.