Terms & disclosures.

Modern Financial, a dba of Modern Asset Management Inc.

CA DFPI License #6054855  ·  NMLS #1880700

Website terms of use

The website Terms of Use for ModernFinancial.com are published on a dedicated page. They govern use of this website. They are not a substitute for a signed retail installment contract.

Read the Terms of Use

California privacy

The California Consumer Privacy Act Notice has been carried over from the existing apply-portal notice (last modified September 29, 2020), with company name, website, and contact details updated to current Modern Financial information. Substantive terms are unchanged.

Read the California Consumer Privacy Act Notice

Licenses and registrations

CA DFPI License #6054855  ·  NMLS #1880700

Retail installment contract terms, as stated on the current contract

The following points are taken from the current retail installment contract Terms & Conditions. They describe a retail installment contract between the Buyer and the Seller of services, which the company intends to transfer to an assignee. They are summarized here for convenience and are not a substitute for the signed contract.

• The customer buys the services on credit and agrees to pay the amount financed plus interest at the rate stated in the contract, calculated on a simple-interest basis based on a year of 365 days and the actual number of days elapsed.
• If a Buyer and Co-Buyer sign, each is individually and jointly responsible.
• Payments are applied first to interest accrued but unpaid as of the date of processing, next to late charges or other charges, and finally to principal.
• The customer may prepay all amounts due at any time without penalty.
• A non-refundable application fee of $0.00 is charged and collected at the time of application, described as paying for underwriting and third-party credit-report services.
• If an installment is 10 days or more past due, a late charge of $15.00 may be collected. A $25.00 returned-check charge may be collected if a payment is returned unpaid.
• The current contract states that it is governed by the laws of the State of California, County of San Diego.
• A 180-day promotional financing option is offered. As stated on the current contract terms, interest accrues during the promotional period. If the contract is paid in full within 180 days, interest paid is rebated, provided all minimum payments are made on time, no late or NSF fee is incurred, and the customer notifies the company before the final payment.
• The current contract includes the standard holder-rule notice: any holder of this consumer credit contract is subject to all claims and defenses which the debtor could assert against the seller of goods or services obtained pursuant hereto or with the proceeds hereof. Recovery by the debtor shall not exceed amounts paid by the debtor hereunder.
• Communications about a disputed debt, including instruments marked “paid in full” or with similar words, should be sent to 170 S Green Valley Parkway, Suite 300, Henderson, NV 89012.

The signed contract controls if anything on this page differs from it.