Common use of Eligibility Restrictions Clause in Contracts

Eligibility Restrictions. (a) FACo will not pay a Referral Incentive if the Borrower you refer has previously closed or paid a deposit for a Loan with us. (b) FACo will not pay you a Referral Incentive if the Borrower you refer chooses to work with a mortgage broker on their loan or if you engage in any actions that would constitute mortgage brokering or negotiating a loan under the laws of the applicable state. (c) A Borrower will be ineligible for the purposes of the Program, and we will not send an email or attempt to contact a Borrower referred by you if his or her email address appears on the opt-out list of Finance of America Commercial, or any of its affiliates or business divisions. (d) FACo is prohibited from paying, and will not pay you, a referral incentive, for any property located in Utah. (e) FACo is prohibited from paying, and will not pay you, a referral incentive, if you are acting as a real estate broker on the property to be covered by the loan. (f) FACo does not lend in the following states. Therefore, no program enrollees can earn incentives for loans for properties located in any of these states: a. Single Loan Product: ND, SD, and VT b. Portfolio Product: ND, SD, and VT c. Fix & Flip/New Construction Products: ND, SD, and VT (g) If a licensed mortgage broker chooses to refer a client instead of broker the loan and that client elects to find another mortgage broker to broker the deal, the referring mortgage broker is not paid a referral incentive. (h) Payment of Referral Incentives for properties in states not referenced above may be subject to other prohibitions or restrictions not stated here. FACo will not pay you a Referral Incentive if FACo reasonably believes such payment may violate any state’s laws. FACo does not make loans in every state. (i) As of the date that you accept Broker Agreement, you may not qualify for referral incentives under any other Finance of America Commercial referral programs.

Eligibility Restrictions. (a) FACo FACO will not pay a Referral Incentive if the Borrower you refer has previously closed or paid a deposit for a Loan with us. (b) FACo FACO will not pay you a Referral Incentive if the Borrower you refer chooses to work with a mortgage broker on their loan or if you engage in any actions that would constitute mortgage brokering or negotiating a loan under the laws of the applicable state. (c) A Borrower will be ineligible for the purposes of the Program, and we will not send an email or attempt to contact a Borrower referred by you if his or her email address appears on the opt-out list of Finance of America CommercialCommercial LLC, or any of its affiliates or business divisions. (d) FACo FACO is prohibited from paying, and will not pay you, a referral incentive, for any property located in Utah. (e) FACo FACO is prohibited from paying, and will not pay you, a referral incentive, if you are acting as a real estate broker on the property to be covered by the loan. (f) FACo FACO does not lend in the following states. Therefore, no program enrollees can earn incentives for loans for properties located in any of these states: a. Single Loan Product: AK, ND, RI, SD, UT, and VT VT b. Portfolio Product: AK, ND, RI, SD, UT, and VT c. Fix & Flip/New Construction Products: AK, ND, SD, UT and VT (g) If a licensed mortgage broker chooses to refer a client instead of broker the loan and that client elects to find another mortgage broker to broker the deal, the referring mortgage broker is not paid a referral incentive. (h) Payment of Referral Incentives for properties in states not referenced above may be subject to other prohibitions or restrictions not stated here. FACo FACO will not pay you a Referral Incentive if FACo FACO reasonably believes such payment may violate any state’s laws. FACo FACO does not make loans in every state. (i) As of the date that you accept Broker Agreement, you may not qualify for referral incentives under any other Finance of America Commercial referral programs.