GOVERNING LAW. The
transactions related to loans will be deemed to have taken place
in the offices of Cash Now Inc. and according to the laws of
Delaware USA, regardless of where you may be viewing or accessing
TELETRACK. I agree to allow a
search of the Teletrack database. The Teletrack database is a
national database of consumers and contains information about
transactions with lending institutions.
AGREEMENT TO ARBITRATE DISPUTES.
All disputes and controversies of every kind and nature between
the parties hereto arising out of or in connection with this
agreement as to the existence, construction,
validity,interpretation or meaning, performance, nonperformance,
enforcement, operation, breach, continuance, or termination
therefore, as well as whether the controversy or dispute is
subject to arbitration, and the amount of any loss or damage,
shall be submitted to arbitration in a jurisdiction to be chosen
by Cash Now Inc. before three arbitrators appointed by the
American Arbitration Association pursuant to the commercial rules
of the American Arbitration Association in effect at the time any
arbitration proceeding is commenced, which rules are hereby
incorporated by reference thereto and made a part of this
agreement. The foregoing notwithstanding, the company retains the
authority to institute an action in any court to recover sums due
company by customer hereunder. The arbitration award shall be
final and binding upon both parties and judgement upon such
arbitration award may be entered in any court having jurisdiction.
The parties specifically state their understanding that the check
casher cannot be sued in any court or any controversy or dispute.
In the event this provision or any part thereof is held to be
invalid or unenforceable for any reason, the remaining terms and
conditions of this agreement shall not be effected thereby and
shall remain in full force and effect.
AGREEMENT NOT TO BRING OR PARTICIPATE IN
CLASS ACTIONS. To the extent permitted by law, you
agree not to bring, join or participate in any class action as to
any claim, dispute or controversy you may have against Cash Now
Inc. or its employees, officers, directors, assignees and
servicers. You agree to the entry of injunctive relief to stop
such a lawsuit or to remove yourself as a participant in the suit.
This agreement is not a waiver of any of your rights and remedies
to pursue a claim individually and not as a class action in
binding arbitration as provided above. This agreement not to bring
or participate in class action suits is an independent agreement
and shall survive the closing and repayment of the loan for which
you are applying.
EXTENSIONS. Cash Now will
allow you to extend the original loan for up to 3 times. After THE
FIRST THREE (3) extensions you must pay (on loans up to $599.00) a
minimum of $50.00 more than the fees due until the loan principal
is fully repaid. On loans of $600.00 or more you must pay a
minimum of $100.00 more than the fees due until the principal is
fully repaid. ANY LOANS that exceed 27 days in duration, the above
payment minimums on the principal are doubled.
RETURNED TRANSACTIONS. In the
event that any transaction, ACH or EFT debit, that you have
authorized returns to Cash Now for any reason: (1) you agree to
pay a returned check charge of $25.00; (2) in the event that we
initiate collection activity on your account, you agree to be
responsible for collection fees, court costs and fees, and all
reasonable attorney fees, and (3) you authorize Cash Now to
initiate debits to any bank accounts in your name in amounts up to
and less than the amount owed until the amount owed is paid in
LOAN AMOUNTS AND FEES.
Cash Now currently provides loans ranging from $100.00 to
$1000.00. The finance charge for these loans is based on 485.450
percent APR and the number of days of the loan. See fees for a
complete breakdown of amounts and charges for various length