Type of Dealer (check all that apply)
By submitting this application you are authorizing Dealer Preferred Capital, Inc. (“DPC”) and its assigns to investigate the credit history of Dealer, Owners and Officers through banks, financial institutions, credit reporting agencies and other sources.
Authorized to (check if yes)
Each of the applicants specifically represents to Dealer Preferred Capital Inc. (“DPC”) and to DPC's actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees and acknowledges that: (1) the information provided in this application is true and correct as of the date of submission and that any intentional or negligent misrepresentation of this information contained in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I have made on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001, et seq.; (2) DPC and its agents, brokers, insurers, servicers, successors, and assigns may continuously rely on the information contained in the application, and I am obligated to amend and/or supplement the information provided in this application if any of the material facts that I have represented herein should change; (3) in the event that my payments on the loan become delinquent, DPC, its servicers, successors or assigns may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name and account information to one or more consumer reporting agencies; and (4) my transmission of this application as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature.
Acknowledgement. Each of the applicants hereby acknowledges that any owner of the loan, its servicers, successors and assigns, may verify or re‐ verify any information contained in this application or obtain any information or data relating to the loan, for any legitimate business purpose through any source, including a source named in this application or a consumer reporting agency.