Terms of Service

Last Updated: 5/30/25

DebtNet, Inc. (“DebtNet,” “we”, “us” or “our”) is providing you and your authorized users (“you” or “Users”) access to our AI-assisted online mortgage proposal and deal management system (“Services”). The Services and the website available at https://www.debt-net.com/ that DebtNet uses to host the Services (the “Site”) are owned and operated by DebtNet and can only be accessed and used by you under the Terms of Service described below (“Terms”).

Agreement to Terms

These Terms govern your use of the Site and Services. Please read these Terms carefully before using the Site or Services. By accessing or using the Site or Services, you agree to be bound by these Terms of Service. If you do not agree to all of the terms, please immediately discontinue accessing the Site and Services.

Eligibility and Representations

Users must be eighteen (18) years of age or older to use the Site and Services. Your profile and account may be terminated and deleted without warning if we believe that you are under 18 years of age. By using the Site and Services, you represent and warrant that: (a) you are a borrower, broker, or lender using the Site and Services in good faith to complete a mortgage transaction that has been proposed through the Services; (b) all information you submit during account registration is truthful and accurate; (c) you will maintain the accuracy of such information; and (d) your use of the Site and Services does not violate any applicable law or regulation.

Overview of the Services

DebtNet uses artificial intelligence (AI) to assist Users in compiling and generating mortgage proposals based on user-provided information and public or partner data sources and in reviewing those potential mortgage proposals. We do not originate, fund, or guarantee any mortgage loans.

We are not a lender, broker, or financial advisor. The information we provide is general in nature and not intended to be financial or legal advice. A borrower’s eligibility for particular products and services is subject to a lender’s final determination, restrictions, and acceptance.

Accessing the Site

You agree and acknowledge that you have the sole responsibility and liability for your use of the Site and Services and for providing or obtaining, and for maintaining, all of the hardware, software, electrical power, telecommunications, Internet services, and other products or services necessary or desirable for you to access and use the Site and Services.

Certain areas or features of the Site may be restricted to users who have registered and obtained a user identification and password. Please be sure to protect and maintain the confidentiality of any user identification, password or other identifying information you may obtain in connection with your use of the Site. You agree to notify DebtNet immediately if you believe your user identification, password or other identifying information has been lost, stolen or otherwise compromised. You expressly acknowledge and agree that you are solely responsible for all damages or claims that may arise from any access to or use of the Site or Services by any person to whom you have provided your user identification, password or other identifying information, or by any person who has obtained such information from you, including, but not limited to, any access to or use of the Site or Services that may occur after you have notified us that your user identification, password or other identifying information has been lost, stolen or otherwise compromised.

If you knowingly provide false information, including any name, telephone number or other contact information that is not yours, or if you fail to keep the information in your DebtNet account current and correct, you agree to fully indemnify and be liable to DebtNet and each other party who relies on that false or incorrect information for any claims, losses, liabilities, damages (direct, punitive, consequential or other), fines, penalties, and costs and expenses (including reasonable attorneys’ fees) incurred by the affected parties in connection with the false or incorrect information.

From time to time, due to the performance of maintenance, malfunctions or failures of software, equipment, or telecommunications devices, unusual transaction volume, or similar reasons, the Site and Services may not be available for your use. We minimize the periods of time during which Site and Services are unavailable. You agree that we shall not be responsible for any loss, damages, costs, or expenses which you may suffer or incur, directly or indirectly, as a result of the unavailability of the website, regardless of whether it could be shown that we could have prevented or reduced the duration of such unavailability by taking any action within our reasonable control. We shall also not be responsible for any loss, damages, costs, or expenses which you may suffer or incur, directly or indirectly, as a result of your inability to access the Site or Services that is caused directly or indirectly, in whole or in part, by your computer or mobile device, your inability to establish a connection to the Internet, your Internet Service Provider (“ISP”), or capacity or other limitations or constraints of the Internet.

The Site and Services are not intended for use by persons in any jurisdiction or country where such use would be contrary to applicable laws or regulations. We may restrict your access to the Site and Services during times you are in a country for which use of the Site or Services would be prohibited. You are responsible for compliance with all local laws.

To protect the security of your information, we may require you to authenticate your identity to conduct certain transactions using the Site or Services. If you believe that information that you have submitted through the Site has been used without your permission, you must tell us immediately. Call us at 949-940-6225 to report unauthorized access. If you fail to notify us, you may be liable for all unauthorized activity on your account.

Broker- or Borrower-Submitted Content

If you are accessing the Site or Services as a broker or borrower, you may submit certain information to us regarding borrowers, guarantors, and others during the process of submitting loan information. In doing so, you represent and warrant to us that you have obtained all necessary consents and have all necessary rights to provide us with such information. You also represent and warrant that you have provided the necessary notices and obtained the proper consents for DebtNet to process such information, including processing by AI models. Also, in accessing the Site or Services, you may be provided with an offer memo link that you may share with lenders. You understand that the mishandling of these links by those who have access to them may lead to a leak of potentially highly sensitive information. For that reason, the disclosure of offer memo links must be made subject to these Terms, and you agree to be responsible for the violation of these Terms by any person to whom you disclose an offer memo link. You further agree to indemnify, defend and hold harmless the DebtNet Parties from and against any claims, disputes, demands, losses, obligations, liabilities, expenses, damages and costs (including attorneys' fees) due to or arising out of your violation of this paragraph or any other violation of applicable laws.

Other than Suggestions you may provide, we do not claim ownership of the materials you provide, post, upload, input, or submit to DebtNet (collectively “Your Information” or “Content”). However, by posting, uploading, inputting, providing, or submitting Your Information, you are granting us and any vendors necessary to the performance of the Services permission to use Your Information to fulfill your request for Services through the Site. That permission includes allowing us to copy, distribute, transmit, publicly display (we will never publicly display your non-public personal information), reproduce, edit, translate, and reformat Your Information. If you separately choose to make your personal information publicly available, you agree that we will not be held responsible for your actions. You agree that we will not pay or otherwise compensate you for Your Information. You also acknowledge and agree that we may create, generate and use anonymized sets of data derived from the content submitted by multiple Users, including Your Information (“Aggregate Data”) for any lawful purpose, and that we retain all right, title, and interest in Aggregate Data. Please see our Privacy Policy for additional information on our use and disclosure of Aggregate Data.

If you elect to provide or make available to DebtNet any suggestions, comments, ideas, improvements or other feedback relating to the Services or otherwise (“Suggestions”), you agree that we are free to use, disclose, reproduce, have made, modify, license, transfer and otherwise utilize and distribute your Suggestions and Collected Information in any manner, without credit or compensation to you.

Restrictions on Lender Use of Content

If you are accessing the Site and the Services as a lender, you acknowledge and agree that you may only use the Content on the Site and Services for the purpose of analyzing mortgage proposals with the intent to finance the proposal. Without limiting the generality of the foregoing, you specifically agree not to use the Site or Services for web scraping or competitive purposes. You may not further disclose the Content.

You agree that you will be solely responsible for complying with all applicable laws related to your processing of the Content, which may include laws regarding adverse decisions.

Confidentiality

You understand that by using the Services, you will receive access to sensitive, non-public confidential and proprietary information, as well as non-public personal information regarding borrowers (collectively, “Confidential Information”). You agree not to disclose any Confidential Information to anyone except as strictly necessary to complete each individual mortgage transaction and will only use the Confidential Information for that purpose. Violation of the paragraph will result in immediate suspension of the Services. Such suspension is in addition to, not in lieu of, any other legal course to which we may be entitled.

Linking

The Site and Services may contain or reference links to third-party websites, which we do not own or control, but which are being providing for your convenience. If you visit a link to another website, you do so at your own risk subject to the terms and conditions established by the operator of that website. Unless expressly stated otherwise, DebtNet does not endorse, approve, sponsor or control, and we are not in any way responsible for, any of the content, services, calculations, information, products or materials available at or through any third-party websites which may be contained in the Site or Services or to which this Site or the Services may provide a link. By using the Site and Services, you acknowledge and agree that DebtNet will not be responsible or liable to you or any other person for any damages or claims that might result from your use of such third-party content, services, calculation, information, products or materials. We reserve the right to terminate a link to a third-party website at any time.

Restricted Uses

You are not authorized to post on or transmit to or from the Site or Services any unlawful, threatening, libelous, defamatory, obscene, scandalous, inflammatory, pornographic, immoral, or profane material, or any other content that could give rise to any civil or criminal liability under the law. You are also specifically prohibited from:

Removing, altering or obscuring any copyright, trademark or proprietary rights notice incorporated in the Content or accompanying the Site or Services;
Reverse engineering, decompiling, disassembling or otherwise attempting to derive the source code or architectural framework for the Site or Services (except to the extent specifically permitted by applicable law);
Accessing, downloading, monitoring, or copying any Content contained on or in the Site or Services through automated or artificial means (including screen and database scraping, spiders, robots, crawlers, deep-link, or any similar or equivalent automatic or manual process), or in any way obtain or attempt to obtain any Content through any means that DebtNet does not intentionally make available through the Site or Services;
Framing any part of the Site or Services, without DebtNet’s consent;
Using, or attempting to use, the Site or Services through any means not explicitly and intentionally made available, provided or intended with respect to the Site or Services (including attempting to gain unauthorized access to any portion of the Site or Services or any other systems connected to the Site and Services);
Using or accessing the Site in any manner that could damage, disable, overburden, or impair the Site or Services or that could interfere with the rights of or otherwise harm DebtNet, companies that provide business services to DebtNet, other Users, or any other person;
Infringing or violating the privacy rights, property rights or any other rights of any person or entity; or
Violating any applicable law, rule or regulation.

Warranty Disclaimer

You acknowledge and agree that the Site is provided on an "as is” and “as available” basis without warranties of any kind, either express or implied. To the fullest extent permitted by law, DebtNet and its officers, directors, employees, contractors, shareholders, agents, representatives, licensors, licensees and suppliers (collectively, the "DebtNet Parties") disclaim all warranties, express, implied, statutory, and otherwise, in connection with the Site and Services and your use of, or transactions with, the Site or Services, including any implied warranties of title, merchantability, fitness for a particular purpose, satisfactory quality, security, accuracy, availability, use of reasonable care and skill, title and non-infringement, as well as warranties arising by usage of trade, course of dealing, and course of performance. We make no representation or warranty about the accuracy or suitability of the Site, the Services, or Content, and we do not guarantee the availability, reliability, accuracy, or completeness of Content, or that the Site or Services will be uninterrupted or error-free. We do not have any obligation to contact you to update or correct any information previously accessed by or provided to you through on the Site or Services.

You acknowledge and agree that DebtNet is not, and shall not be, responsible for the results of any defects that may exist in the application or operation of the Site or Services. DebtNet makes no representation or warranty that (a) the operation of the Site and Services will meet your or any other user's requirements; (b) access to the Site and Services will be uninterrupted, timely, secure, or free of errors, viruses or other harmful components; or (c) any defects in the Site or Services will be corrected. You agree that you, and not DebtNet, will bear the entire cost of all servicing, repair, correction or restoration that may be necessary for your data, software programs or computer equipment because of any viruses, errors or other problems you may have as a result of visiting the Site and/or using the Services.

Accuracy of AI

You understand that we use artificial intelligence to provide the Services. Artificial intelligence and machine learning are rapidly evolving and continually improving. However, you acknowledge and agree that your use of the Services may, in some situations, result in output that is not completely accurate.

In particular, you acknowledge that:

AI-generated outputs based on analysis of submitted data are provided “as is” and are based on limited available data, including user inputs.
Outputs are intended to assist in the exploration of options — they are not offers, commitments, or guarantees of terms or approval.
No decision should be made based solely on AI content. Users are encouraged to consult licensed professionals.

Intellectual Property

The Site and Services, including all materials, visual interfaces, graphics, design, photographs, videos, audio, information, data, computer code, content and information therein and their selection, arrangement and composition, and all trademarks, service marks or other brands or names of DebtNet (collectively, the "IP"), are the proprietary property of DebtNet and are protected by United States and international intellectual property laws, including trademark and copyright laws. Any use of the IP without our express written consent is strictly prohibited. We reserve all rights to the IP not granted expressly in these Terms.

We hereby grant you a limited, perpetual, worldwide, revocable, non-exclusive, non-transferable and non-sublicensable right to access and use the Site, the Services, and the IP for your internal business use only, subject to your compliance with these Terms and applicable law. Except as noted above, you may not reproduce, publish, transmit, distribute, display, modify, create derivative works from, sell or participate in any sale of, or exploit in any way, any of the IP, the Site, or the Services. Unauthorized use of the Site, the Services, or the IP is expressly prohibited by law and may result in severe civil and criminal penalties.

Limitations of Liability

YOU AGREE THAT UNDER NO CIRCUMSTANCES WILL DEBTNET BE LIABLE TO YOU OR ANY OTHER PERSON OR ENTITY FOR ANY DAMAGES OR INJURY, INCLUDING ANY DIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES OR ANY DAMAGES OR INJURY CAUSED BY ERROR, INACCURACY, OMISSION, INTERRUPTION, DEFECT, FAILURE OF PERFORMANCE, DELAY IN OPERATION OR TRANSMISSION, TELECOMMUNICATIONS FAILURE OR COMPUTER VIRUS OR OTHER PROBLEM, THAT MAY RESULT FROM THE USE OF, OR THE INABILITY TO USE, THE SITE, THE CONTENT, OR ANY SERVICES WE PROVIDE, WHETHER IN AN ACTION ALLEGING BREACH OF CONTRACT, NEGLIGENCE OR ANY OTHER CAUSE OF ACTION, OR ARISING OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE OF ANY PROPERTY, CONTENT, OR SERVICE. YOU AGREE THAT DEBTNET SHALL NOT BE LIABLE EVEN IF WE OR OUR AUTHORIZED REPRESENTATIVES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS OR EXCLUSIONS MAY NOT APPLY TO YOU. HOWEVER, IN NO EVENT SHALL DEBTNET’S TOTAL LIABILITY TO YOU FOR DAMAGES, LOSSES, AND CAUSES OF ACTION (WHETHER IN CONTRACT, TORT OR OTHERWISE) EXCEED THE AMOUNT PAID BY YOU, IF ANY, IN ACCESSING OR USING THE SITE, THE CONTENT, OR ANY SERVICES WE PROVIDE.

Indemnification

In addition to your indemnification obligations described above, you agree to indemnify, defend and hold harmless the DebtNet Parties from and against any claims, disputes, demands, losses, obligations, liabilities, expenses, damages and costs (including attorneys' fees) due to or arising out of (1) the accuracy of the information you provide us, (2) your transactions with borrowers and your interactions with other Users or other third parties, or (3) any violation by you of any of the Terms or applicable laws. DebtNet reserves the right, at its own cost and sole discretion, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will fully cooperate with DebtNet in asserting any available defenses.

Claims of Copyright Infringement

In accordance with the Digital Millennium Copyright Act ("DMCA"), we will respond promptly to properly reported claims of copyright or trademark infringement. If you are a copyright or trademark owner (or authorized to act on behalf of the copyright or trademark owner) and believe that your work's copyright or trademark has been infringed, please report your notice of infringement to us by providing our Designated Agent with a written notification of claimed infringement that includes substantially the following: (i) a physical or electronic signature of the person authorized to act on behalf of the owner of the copyright interest, (ii) identification of the copyrighted work claimed to have been infringed, (iii) a description of where the material that you claim is infringing is located within the Services, (iv) information reasonably sufficient to permit us to contact you, such as an address, telephone number, and, if available, an e-mail address, (v) a signed statement that you have a good faith belief that use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law, and (vi) a signed statement that the information in the notification is accurate, and under penalty of perjury, that you are the copyright owner or you are authorized to act on behalf of the owner. Notification pursuant to the DMCA should be submitted to Joshua@Debt-Net.com.

Arbitration and Class Action Waiver

You agree that any dispute or claim arising out of or relating in any way to the Terms or your access to or use of the Site or Services or, including the validity, applicability or interpretation of the Terms (any of these, a “Dispute”) will be resolved by binding arbitration rather than in court. There is no judge or jury in arbitration, and court review of an arbitration award is limited. However, you and DebtNet may seek injunctive relief and any other equitable remedies from any court of competent jurisdiction to protect intellectual property rights, whether in aid of, pending or independently of the resolution of any Dispute pursuant to the arbitration procedures set forth below.

The arbitration will be conducted by the American Arbitration Association (AAA) under its then-applicable rules, including (as appropriate) its Supplementary Procedures for Consumer-Related Disputes. The AAA's rules are available at http://www.adr.org/. Payment of all filing, administration and arbitrator fees will be governed by the AAA's rules. The arbitration shall be conducted in the English language by a single independent and neutral arbitrator. For any hearing conducted in person as part of the arbitration, you agree that the hearing will be conducted in the Dallas, TX. Without limiting the jurisdiction of any other court, you admit and further irrevocably agree to submit to the personal jurisdiction of the courts located within Dallas, TX for the purpose of entering judgments on arbitral awards.

Class Action Waiver. Any Dispute will be conducted only on an individual basis and not in a class, consolidated or representative action or arbitration or as a named or unnamed member in a class, consolidated, representative or private attorney general legal action. Your access and continued use of the Site and/or the Services signifies your explicit consent to this waiver.

Termination

Either party may terminate these Terms without cause and at any time upon giving 30 days' prior written notice to the other party.

We reserve the right to suspend or terminate your access to the Site or Services at any time, with or without notice, for conduct we believe violates these Terms or is otherwise harmful, including, specifically, competitive conduct.

We further reserve the right to terminate access to the Site or Services for failure to make any payment when due.

Force Majeure

Neither party will be liable for any failure or delay in performing an obligation under these Terms that is due to any of the following causes (which causes are hereinafter referred to as “Force Majeure”), to the extent beyond its reasonable control: acts of God, accidents, riots, war, terrorist act, epidemic, pandemic, quarantine, civil commotion, breakdown of communication facilities, breakdown of web host, breakdown of internet service provider, natural catastrophes, governmental acts or omissions, changes in laws or regulations, national strikes, fire, or explosion.

Changes to these Terms of Service

You agree that we may from time to time amend all or any part of these Terms in our sole discretion. In the event of any modification, we will update the date first written above, and we may also notify you electronically if required by applicable law. Your use of the Site and Services after the effective date of the change shall constitute your agreement to be bound by the terms of the change. You should also review these Terms of Service periodically for any changes.

Governing Law and Venue

These Terms will be governed by the laws of the United States and the State of Delaware without giving effect to any conflict of laws to the contrary. If for any reason a claim proceeds in court rather than in arbitration, we each waive any right to a jury trial and agree that such claim shall be brought only in courts of competent jurisdiction located in the Dallas, TX. You hereby submit to the personal jurisdiction and venue of such courts and waive any objection on the grounds of venue, forum non conveniens or any similar grounds with respect to any such proceeding.

No Waiver

No failure, omission, or delay on our part to exercise any right under these Terms will constitute a waiver or preclude any other further exercise of that right or other right under these Terms.

Severability

If any terms in these Terms change due to applicable law or are declared invalid by order of a court, the remaining terms of these Terms will not be affected, and these Terms will be interpreted as if the invalid terms had not been placed in these Terms. The headings in these Terms are intended only to help organize these Terms.

Authorized Contact

By providing your contact information, you agree to our Privacy Policy and these Terms.

You agree to be contacted at any email or mailing address or telephone number that you or anyone acting on your behalf provides to DebtNet.

Questions

For questions or legal notices, contact:

Info@Debt-Net.com