Last updated: June 27, 2023
Terms & Conditions
The term “We”, “Us”, “Our” shall mean and refer to the Website and/or the Company, depending on the context. We hold the sole right to modify the Terms of Service without prior permission from You or providing notice to You and you have a duty to periodically check the Terms of Service and stay updated on its requirements.
If you do not agree to these Terms, then you have no right to access or use the Site, Application, Services, or Collective Content (as defined below). If you are using the Site, Application or Services then these Terms of Service are binding between you and Us.
The Service is an online platform that helps students get a student loan and open a bank account in the United States of America. The products and services described on the Website, including their terms, conditions, availability, or pricing, are subject to change at any time, without notice. The availability of the products and services described on this Site, as well as their associated fees, charges, interest rates, and balance requirements, may differ among geographic locations.
For you to use the services provided on the website, it is compulsory to create an account. A User may create an account on the Website which shall collect and store the User’s basic information. If you do not create an account, your access or visibility of our services may be limited.
To create an account, you need to choose a username and password.
You may direct Lorien to retrieve your information maintained online by third-party financial institutions and social media platforms such as LinkedIn with which you have customer relationships, maintain accounts, or engage in financial transactions (“Account Information”).
Registering for an account with us by providing the information requested in our registration process will give you access to analysis of related information and products and services and any additional features we may develop for registered account holders. Registering for an account is optional, but if you elect not to register for an account, you will not be able to access certain or primary features of the Services. You may only register for an account if you are eighteen or older of sound mind and otherwise competent to contract. By registering, you certify that you meet these criteria. All information you provide to us about yourself and your third-party financial accounts must be true, accurate, current and complete information. Providing us any information which is not true or does not belong to you may result in criminal or penalizable offences.
Information for registration of account:You are required to keep all information up to date and accurate. You may not register an account for anyone but yourself. You agree not to misrepresent your identity, your personal information, or your third-party account information. By registering for an account or using the Services, you accept all responsibility for maintaining the confidentiality of your password, controlling, and limiting access to your account, and for all activities that occur under your account or password. You may not sell, transfer, or assign your account to any third party in any manner whatsoever.
Use of Website:
You agree not to attempt to log on to the Site from any country under sanctions by the Office of Foreign Asset Control (“OFAC”). Countries under sanctions may be found on the United States Department of the Treasury website. Any attempt to log on to the Site from such a country may result in your access being restricted or terminated. Your use of the Site may be monitored, tracked, and recorded. By using the Site, you expressly consent to such monitoring, tracking, and recording. Your use of the Site is personal to you.
You agree that you will not use any robot, spider, automatic, or manual device to monitor or copy the Site or any Content. You will not interfere or use any device, software, or process to interfere (or attempt to interfere) with the proper working of the Site. You agree that when using the site you will not misrepresent your identity or impersonate any other person.
If Lorien provides you with a secure means of accessing a portion of the Site (such as a User ID and Password) you agree that you are responsible for maintaining the confidentiality of such log-in credentials. You agree that you will not share such log-in credentials. If you do, you understand that you are responsible for any acts taken by the party to whom you provided the log-in credentials. You agree that you will immediately notify Lorien of any unauthorized use of your login credentials or other breach of security known to you.
You understand and agree that from time to time the Site may be unavailable, limited due to slow speed, or otherwise delayed. This may be caused by a wide variety of reasons outside of the control of Lorien and despite commercially reasonable processes and procedures implemented by Lorien to maintain the Site. You also understand that, from time to time, the Site may be unavailable due to regular or other maintenance.
By submitting our webform, you agree to receive calls on the number shared, and such calls and SMS would be coming from a third-party platform.
Eligibility of Users
The Services can be used by persons who are “competent to contract” within the meaning as provided by applicable laws. Minors, un-discharged insolvents, etc. are not eligible to use the Site.
Persons who are minors, un-discharged insolvents etc. are not eligible to register for Our products or Services. As a minor if You wish to use Our products or Services, such use shall be made available to You by Your legal guardian or parents, who has agreed to these Terms. In the event a minor utilizes the Services, it is assumed that he/she has obtained the consent of the legal guardian or parents and such use is made available by the legal guardian or parents.
The Company will not be responsible for any consequence that arises because of misuse of any kind of Our products or Services that may occur by virtue of any person including a minor registering for the Services/products provided.
By using the products or Services You warrant that all the information provided by You is accurate and complete and that the student using the Application has obtained the consent of parent/legal guardian (in case of minors).
The Company reserves the right to terminate Your subscription and / or refuse to provide You with access to the products or Services if it is discovered that You are under the age of 18 (eighteen) years and the consent to use the products or Services is not made by Your parent/legal guardian or any information provided by You is inaccurate. You acknowledge that the Company does not have the responsibility to ensure that You conform to the aforesaid eligibility criteria. It shall be Your sole responsibility to ensure that You meet the required qualification. Any persons under the age of 18 (eighteen) should seek the consent of their parents/legal guardians before providing any Information about themselves or their parents and other family members on the Application.
Use of Company property:
Your use of our products, Website, Application and Services is solely for Your personal and non-commercial use. Any use of the Application, Website, Services or products or their contents other than for personal purposes is prohibited.
Content on the website:
The Content is provided for informational purposes only. Lorien believes that the Content is accurate, but it does not warrant its completeness, timeliness, or accuracy.
You may view the Content contained on the Site and print pages from the Site only for informational, non-commercial purposes. Any unauthorized or illegal use of the Site or the Content is strictly prohibited.
You agree that you will not duplicate, reproduce, sell, resell, use, or exploit the Content or the Site for any commercial purpose.
Your Credit Report:
We may request consumer reports on you in connection with your application for credit and subsequently in connection with any extension of credit, update, renewal, review or collection of your account or any other lawful purpose. Upon your request, we will inform you of the name and address of any consumer reporting agency from which we obtained your consumer report.
Use of Credit Profile for Identity Verification
By submitting an application with Lorien, I am certifying that I understand the services being requested require certain information that will help Lorien service my request. Any special procedures established by Lorien for obtaining your authorization to receive information from your personal credit profile will be intimated to you during your use of our Services. Furthermore, the User certifies that they have initiated a transaction with Lorien and that the services being requested will be used solely to confirm their identity to avoid fraudulent transactions in their name.
This includes contacting you through information received through other parties. The use of this website is also your consent to receive SMSes from Us at any time we deem fit. This consent to be contacted is for purposes that include and are not limited to clarification calls and marketing and promotional calls. The user can opt out from such communication and/or newsletters either by unsubscribing on the Website itself, or by contacting the customer services team and placing a request for unsubscribing by sending an email to …...
You may also be contacted by Service Providers with whom we have entered into a contract in furtherance of our rights, duties and obligations under this document and all other policies followed by Us. Such contact will be made only in pursuance of such objectives, and no other calls will be made.
You understand and agree that you are solely responsible for compliance with all laws, rules, regulations, and Tax obligations that may apply to your use of the Site, Application, Services and Collective Content. In connection with your use of the Site, Application, Services and Collective Content, you may not and you agree that you will not violate any local, state, national, or other law or regulation, or any order of a court, including, without limitation, Tax regulations;
That you will also not dilute, tarnish or otherwise harm the Company’s brand in any way, including through unauthorized use of Collective Content, registering and/or using Company or derivative terms in domain names, trade names, trademarks or other source identifiers, or registering and/or using domains names, trade names, trademarks or other source identifiers that closely imitate or are confusingly similar to Company’s domains, trademarks, taglines, promotional campaigns or Collective Content;
That you will not use our Site, Application or Services to transmit, distribute, post, or submit any information concerning any other person or entity, including without limitation, photographs of others without their permission, personal contact information or credit, debit, calling card or account numbers.
That you will not "stalk" or harass any other user of our Site, Application, Services or Collective Content, or collect or store any personally identifiable information about any other user other than for purposes as defined.
That you will not register for more than one Account or register for an Account on behalf of an individual other than yourself, except in case where the parent is registering the account for its child or guardian for its ward.
You will not recruit or otherwise solicit any Member to join third-party services or websites that are competitive to Us, without Our prior written approval.
You will not act illegally, unlawfully or in breach of any applicable laws while using the Services.
As a condition of your use of this Site, you agree that you will not, and you will not take any action intended to: (i) access data that is not intended for you; (ii) invade the privacy of, obtain the identity of, or obtain any personal information about any of users or clients of this Site; (iii) probe, scan or test the vulnerability of this Site or our network or breach security or authentication measures without proper authorization; (iv) attempt to interfere with service to any user, host or network or otherwise attempt to disrupt our business, including, without limitation, via means of submitting a virus to this Site, overloading, "flooding," "spamming," "mail bombing" or "crashing;" or (v) send unsolicited mail, including promotions and/or advertising of products and services. Violations of system or network security may result in civil or criminal liability.
The Company, its suppliers and licensors expressly reserve all intellectual property rights in all text, programs, products, processes, technology, images, content, and other materials which appear on the Site. Access to or use of the Site does not confer and should not be considered as conferring upon anyone any license to the Company or any third party’s intellectual property rights. All rights, including copyright, in and to the Site are owned by or licensed to the Company. Any use of the Site or its contents, including copying or storing it or them in whole or part is prohibited without the permission of the Company.
The names and logos and all related product and service names, design marks and slogans are the trademarks/service marks of the Company, its affiliates, its partners, or its suppliers/service providers. All other marks are the property of their respective owners. No trademark or service mark license is granted in connection with the materials contained on the Site.
The Company is not responsible for the content of any third-party sites and does not make any representations regarding the content or accuracy of material on such sites. If you decide to access a link of any third-party websites, you do so entirely at your own risk and expense.
That you will not:
○ post, upload, publish, submit or transmit any Content that: (i) infringes, misappropriates or violates a third party's patent, copyright, trademark, trade secret, moral rights or other intellectual property rights, or rights of publicity or privacy; (ii) violates, or encourages any conduct that would violate, any applicable law or regulation or would give rise to civil liability; (iii) is fraudulent, false, misleading (directly or by omission or failure to update information) or deceptive; (iv) is defamatory, obscene, pornographic, vulgar or offensive; (v) promotes discrimination, bigotry, racism, hatred, harassment or harm against any individual or group; (vi) is violent or threatening or promotes violence or actions that are threatening to any other person; or (vii) promotes illegal or harmful activities or substances.
○ systematically retrieve data or other content from our Site, Application or Services to create or compile, directly or indirectly, in single or multiple downloads, a collection, compilation, database, directory or the like, whether by manual methods, through the use of bots, crawlers, or spiders, or otherwise.
○ use, display, mirror or frame the Site, Application, Services or Collective Content, or any individual element within the Site, Application, Services or Collective Content, our name, any trademark, logo or other proprietary information, or the layout and design of any page or form contained on a page in the Site, Application or Services, without Our express written consent.
We have the right to fully investigate and prosecute violations of any of the above of the law. In addition, and as set in these Terms.
Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable license, to (a) access and view any Content solely for your personal and non-commercial purposes and (b) access and view any Member Content to which you are permitted access, solely for your personal and non-commercial purposes. You have no right to sublicense the license rights granted in this section.
You will not use, copy, adapt, modify, prepare derivative works based upon, distribute, license, sell, transfer, publicly display, publicly perform, transmit, broadcast, or otherwise exploit the Site, Application, Services, or Collective Content, except as expressly permitted in these Terms. No licenses or rights are granted to you by implication or otherwise under any intellectual property rights owned or controlled by the Company or its licensors, except for the licenses and rights expressly granted in these Terms.
DIGITAL MILLENNIUM COPYRIGHT ACT
Lorien respects the intellectual property rights of others and expects users to do the same. Pursuant to 17 U.S.C 512(c)(3) (Digital Millennium Copyright Act of 1998), Lorien’s designated agent to receive notice of alleged copyright infringement is:
To file a notice of infringement with us, you need to fulfill the requirements specified in Title II of the Digital Millennium Copyright Act of 1998. The text of this statute can be found at the U.S. Copyright Office website, Digital Millennium Copyright Act of 1998 (visited January 29, 2016). Lorien will act pursuant to the Act to resolve claims of infringement. Those accused of copyright infringement are informed that repeated violation could result in permanent suspension from the Site.
The works of authorship contained on the Site, including but not limited to all design, text, sound recordings and images, are owned (except as otherwise expressly stated) by Lorien. Except as may be expressly stated on the Site, they may not be copied, transmitted, displayed, performed, distributed (whether for compensation or otherwise), licensed, altered, framed, stored for subsequent use or otherwise used-in whole or in part-except to the extent expressly permitted by applicable law and then only with clear and conspicuous notice of Lorien’s proprietary rights.
Electronic Fund Transfer Disclosure Statement
The following disclosures are made in accordance with the federal law regarding electronic payments, deposits, transfers of funds and other electronic transfers to and from your account(s). There may be limitations on account activity that restrict your ability to make electronic fund transfers. Any such limits are disclosed in the appropriate agreements governing your account.
- Electronic Fund Transfer: Any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, that is initiated through an electronic device or computer to instruct us to debit or credit an account. Electronic Fund Transfers include such electronic transactions as direct deposits or withdrawals of funds, transfers initiated via telephone, website, or mobile application.
- Preauthorized Electronic Fund Transfer: An Electronic Fund Transfer that you have authorized in advance to recur at substantially regular intervals; for example, direct deposits into or withdrawal of funds out of your account.
- Your Liability:
- Authorized Transfers: You are liable for all Electronic Fund Transfers that you authorize, whether directly or indirectly.
- Unauthorized Transfers: Tell us at once if you believe your account or PIN or Access Information (as defined below) is lost or stolen or has been or may be subject to unauthorized Electronic Fund Transfers. Support message us immediately to keep your possible losses to a minimum. You could lose all the money in your account(s). If you tell us within two (2) business days after learning of the loss or theft of your account access device, or after learning of any other unauthorized transfers from your account involving your account access device, you can lose no more than $50 if Electronic Fund Transfers are made without your permission. For these transactions, if you DO NOT tell us within two (2) business days after learning of the loss, theft or unauthorized use, and we can establish that we could have prevented the unauthorized transfer(s) if you had told us in time, you could lose as much as $500. Also, if your periodic account statement shows unauthorized transfers and you DO NOT tell us within sixty (60) days after the statement was delivered to you, you may not get back any money you lose after the sixty (60) day period if we can prove that we could have prevented the unauthorized transfer(s) if you had told us in time. If an extenuating circumstance (such as extended travel or hospitalization) prevents you from promptly notifying us of a suspected lost or stolen access device or of any other suspected unauthorized transfer(s), the time periods specified in this Section B may be extended for a reasonable period.
We reserve the right, at any time and without prior notice, to remove or disable access to any Collective Content that We at our sole discretion, consider to be objectionable for any reason, in violation of these Terms or otherwise harmful to the Site, Application or Services.
In places where this website allows you to post or upload data/information, you undertake to ensure that such material is not offensive and in accordance with applicable laws.
Monitoring of Website
We have no obligation to monitor the materials posted on the Website. We shall have the right to remove or edit any content that in its sole discretion violates, or is alleged to violate, any applicable law or either the spirit or letter of these Terms of Service. Notwithstanding this right, YOU REMAIN SOLELY RESPONSIBLE FOR THE CONTENT OF THE MATERIALS YOU POST ON THE WEBSITE ANDIN YOUR PRIVATE MESSAGES. In no event shall We assume or have any responsibility or liability for any Content posted or for any claims, damages or losses resulting from the use of Content and/or appearance of Content on the Website. You hereby represent and warrant that You have all necessary rights in and to all Content which You provide and all information it contains and that such Content shall not infringe any proprietary or other rights of third parties or contain any libellous, tortuous, or otherwise unlawful information.
If anyone who you feel is acting or has acted inappropriately, including but not limited to anyone who (i) engages in offensive, violent or sexually inappropriate behaviour, or (ii) engages in any other disturbing conduct, you should immediately report such person to the appropriate authorities and then by contacting us with your police station and report number; provided that your report will not obligate us to take any action beyond that required by law (if any) or cause us to incur any liability to you.
Child Safety Policy:
All users are expected to abide with the following child safety code of conduct:
● Do not develop, induce, or support any emotional, online/offline physical abuse or sexual relationship with children in any way
● Do not use or encourage the use of alcohol, drugs, cigarettes, or other intoxicating substance in any of your interaction with children
● Do not develop any form of relationship or arrangement with children including but not limited to financial, which could be deemed to be exploitative or abusive
● Do not share with or show children online/offline any inappropriate content including pornographic material or material that encourages crime, violence, racism, sexism, self-harm, suicide, cruelty
● Do not use language or behaviour towards children that is inappropriate, harassing, abusive, sexually provocative, demeaning, intimidating, discriminatory, or culturally insensitive
Disclaimer of Warranties and Liabilities
THIS WEBSITE AND THE SERVICES ARE PROVIDED ON AN "AS IS" BASIS WITH ALL FAULTS AND WITHOUT ANY WARRANTY OF ANY KIND. THE COMPANY HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THE WEBSITE, PRODUCTS AND THE SERVICES, INCLUDING WITHOUT LIMITATION, ALL IMPLIED WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, ACCURACY, TIMELINESS. PERFORMANCE, COMPLETENESS, SUITABILITY AND NON-INFRINGEMENT. ADDITIONALLY, THE COMPANY SHALL NOT BE LIABLE FOR ANY DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE OF THIS SITE, OR THE APPLICATION OR THE SERVICES. YOUR USE OF ANY INFORMATION OR MATERIALS ON THIS WEBSITE/SERVICES/PRODUCTS IS ENTIRELY AT YOUR OWN RISK, FOR WHICH WE SHALL NOT BE LIABLE. IT SHALL BE YOUR OWN RESPONSIBILITY TO ENSURE THAT SERVICES PROVIDED BY US MEET YOUR SPECIFIC REQUIREMENTS.
You expressly understand and agree that, to the maximum extent permitted by applicable law: The website, services and other materials are provided by this website is on an "as is" basis without warranty of any kind, express, implied, statutory, or otherwise, including the implied warranties of title, non-infringement, merchantability, or fitness for a particular purpose.
Without limiting the foregoing, we make no warranty that:
● Your requirements will be met or that services provided will be uninterrupted, timely, secure, or error-free.
● Materials, information, and results obtained will be effective, accurate or reliable.
● Any errors or defects on the website, services or other materials will be corrected.
To the maximum extent permitted by applicable law, we will have no liability related to user content arising under intellectual property rights, libel, privacy, publicity, obscenity, or other laws. We also disclaim all liability with respect to the misuse, loss, modification, or unavailability of any user content.
We accept no liability for any errors or omissions, with respect to any information provided to you whether on behalf of itself or third parties.
We shall not be liable for any third-party product or services. The advertisement available on e-mail or website with respect to the third-party website or the products and services are for information purpose only.
Indemnification and Limitation of Liability
You agree to indemnify, defend and hold harmless this website/company including but not limited to its affiliate vendors, agents and employees from and against any and all losses, liabilities, claims, damages, demands, costs and expenses (including legal fees and disbursements in connection therewith and interest chargeable thereon) asserted against or incurred by us that arise out of, result from, or may be payable by virtue of, any breach or non-performance of any representation, warranty, covenant or agreement made or obligation to be performed by you pursuant to these terms of service. Further, you agree to hold us harmless against any claims made by any third party due to, or arising out of, or in connection with, your use of the website, any claim that your material caused damage to a third party, your violation of the terms of service, or your violation of any rights of another, including any intellectual property rights.
In no event shall Lorien, its officers, directors, employees, partners or suppliers be liable to you, the vendor or any third party for any special, incidental, indirect, consequential or punitive damages whatsoever, including those resulting from loss of use, data or profits, whether or not foreseeable or whether or not we have been advised of the possibility of such damages, or based on any theory of liability, including breach of contract or warranty, negligence or other tortious action, or any other claim arising out of or in connection with your use of or access to the Website, Products, Services or materials.
The limitations and exclusions in this section apply to the maximum extent permitted by applicable law.
This User Agreement is effective unless and until terminated by either you or the Company. You may terminate this User Agreement at any time, if you discontinue any further use of the Website. The Company may terminate this User Agreement at any time and may do so immediately without notice, and accordingly deny you access to the Site.
Such termination will be without any liability to the Company. The Company’s right to any Comment sand to be indemnified pursuant to the terms hereof, shall survive any termination of this User Agreement. Any such termination of the User Agreement shall not cancel your obligation to pay for product(s) already ordered from the Site or affect any liability that may have arisen under the User Agreement prior to the date of termination.
Links to third party websites
Lorien may establish on this Site links and pointers to websites that are operated and maintained by third parties (each, a “Third Party Site”). These links are provided solely as pointers to information on topics that may be useful to you. However, the establishment of any link to a Third-Party Site is not a recommendation or endorsement by Us of any products, services, information, goods, ideas, or opinions that may be found on any Third-Party Site.
Lorien makes no warranty, either express or implied, concerning the content of any Third-Party Site, including the accuracy, completeness, reliability, or suitability thereof for any particular purpose. Lorien does not warrant that any Third-Party Site is free from any claims of copyright, trademark, or other infringement or that any Third-Party Site is free from any viruses or other contamination.
Hosting of Third-Party Information
The website hosts information provided by third parties. We are in no manner responsible to you for the accuracy, legitimacy, and trueness of the information so hosted. We take reasonable care to ensure such accuracy, but we are not responsible for the information so furnished. You agree to not hold us liable for the falsification of any such provided information.
The failure of either party at any time to require performance of any provision of this Agreement in no manner shall affect such party's right later to enforce the same. No waiver by either party of any breach of this Agreement, whether by conduct or otherwise, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any other such breach, or a waiver of any other breach of this Agreement.
If any provision of this Agreement shall to any extent be held invalid, illegal, or unenforceable, the validity, legality, and enforceability of the remaining provisions of this Agreement shall in no way be affected or impaired thereby and each such provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. In such a case, this Agreement shall be reformed to the minimum extent necessary to correct any invalidity, illegality, or unenforceability, while preserving to the maximum extent the rights and commercial expectations of the parties hereto, as expressed herein.
If you have any questions about this Agreement, the practices of the Company, or your experience with the Service, you can email us at firstname.lastname@example.org.