Important Information about Procedures for Opening a New Application Account

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1 Meridian Bank Student Loan Refinancing Online Application Disclosures 5/ of 7 Electronic Communications Disclosure esign Consent Terms and Conditions Privacy Policy tice Fixed Rate Application and Solicitation Disclosure 9 Old Lincoln Highway Malvern, PA ELECTRONIC COMMUNICATIONS DISCLOSURE Your agreement that we may contact you We may need to contact you about your application even if you don't finish it. By selecting Continue, you agree that Meridian Bank may contact you at the phone number or address you provide in this online session, even if you have previously indicated your preference of "do not call" or "do not " with a government registry or with Meridian Bank. If you provide us with your cell phone (mobile device) number, you agree that we may contact you via your cell phone. (Your mobile carrier's charges may apply.) You may revoke your agreement to be contacted at any time. If you do not want us to contact you, please call us at Important Information about Procedures for Opening a New Application Account To help the government fight the funding of terrorism and money laundering activities, U.S. Federal law requires financial institutions to obtain, verify, and record information that identifies each person (individuals and businesses) who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We will also ask for your driver's license or other identification documents. esign Consent Meridian Bank offers a convenient and secure method to sign your loan documents electronically, powered by Docusign. When you consent to sign documents electronically, you will be asked a series of questions to authenticate your identity, after which you will be able to electronically sign your loan documents. If you chose not to electronically sign your documents, we will provide you with a PDF version. Refinance Student Loan Application Terms and Conditions Please read the following terms and conditions carefully before submitting your application. By submitting this application you acknowledge that you have read, understand and accept the terms and conditions set forth below. You are requesting a privately-funded refinance student loan that must be repaid in full. The proceeds of this loan must be used to refinance or consolidate loans that were used solely for permitted educational purposes at an accredited U.S. school. When the Loan Processor receives this application, it is not agreeing to lend you money and there will not be such an agreement until the time that the loan is actually disbursed to your existing lender(s). The Lender has the right to accept or reject your application for credit.

2 Meridian Bank Student Loan Refinancing Online Application Disclosures 5/ of 7 By submitting this application, you certify that the information on this application is true and correct to the best of your knowledge. In addition, by submitting this application, you authorize the Loan Processor to verify the accuracy and authenticity of all information supplied by you, both internally and with the assistance of nonaffiliated third parties. Specifically, you authorize the Loan Processor to contact your existing lender(s), your school(s), employer(s), and other organizations to determine eligibility and payoff amounts for the loans you have selected for refinancing and/or consolidation. You also authorize your existing lender(s) to provide payoff and other information about the loans you have selected for refinancing and/or consolidation to the Loan Processor and the Lender. In all cases, the Loan Processor may disclose the fact that you are applying for credit from the Lender. You understand and agree that the Lender and Lender s agents (including the Loan Processor) may obtain a consumer credit report in connection with your loan application and in connection with any updates, renewals or extensions of any credit as a result of this loan application. If you ask, you will be informed whether or not such a report was obtained and, if so, the name and address of the agency that furnished the report. You also understand and agree that Lender or Lender s agents may obtain a consumer credit report in connection with the review or collection of any loan made to you as a result of your loan application or for other legitimate purposes related to such loan. If the loan payoff amount(s) paid to your existing lender(s) is more than the amount(s) needed to pay off the balances of the loans you have selected for refinancing and/or consolidation, you authorize your existing lender(s) to refund the excess to the Loan Processor or Lender to be applied towards your loan from the Lender. If the amount(s) paid to your existing lender(s) is less than the amount(s) needed to pay off the balances of the loans selected for refinancing and/or consolidation, you are responsible to pay the remaining balances directly to your existing lender(s). You agree to allow Meridian Bank to contact you about your application, and provide identification information.

3 Meridian Bank Student Loan Refinancing Online Application Disclosures 5/ of 7 PRIVACY NOTICE Rev. May 2017 FACTS Why? WHAT DOES MERIDIAN BANK DO WITH YOUR PERSONAL INFORMATION? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. What? The types of personal information we collect and share depend on the product or service you have with us. This information can include: Social Security number and investment experience transaction history and account balances payment history and credit history How? All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Meridian Bank chooses to share; and whether you can limit this sharing. Reasons we can share your personal information Does Meridian Bank share? Can you limit this sharing? For our everyday business purposes - such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus For our marketing purposes - to offer our products and services to you For joint marketing with other financial companies We don't share For our affiliates' everyday business purposes - information about your transactions and experiences For our affiliates' everyday business purposes - information about your creditworthiness We don t share For our affiliates to market to you Yes Yes For nonaffiliates to market to you We don't share Yes Yes Yes To Limit Our Sharing Questions? Call our menu will prompt you through your choice(s) Please note: If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. Call Toll-Free or go to

4 Meridian Bank Student Loan Refinancing Online Application Disclosures 5/ of 7 Page 2 Who We Are Who is providing this notice? What We Do How does Meridian Bank protect my personal information? How does Meridian Bank collect my personal information? Why can't I limit all sharing? What happens when I limit sharing for an account I hold jointly with someone else? Definitions Affiliates naffiliates Joint Marketing Meridian Bank, Meridian Land Settlement Services, LLC, Apex Realty, LLC and Meridian Wealth Partners, LLC To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We collect your personal information, for example, when you Open an account or provide account information Apply for financing or seek advice about your investments Show your driver's license We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Federal law gives you the right to limit only sharing for affiliates' everyday business purposes - information about your creditworthiness affiliates from using your information to market to you sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law. Your choices will apply to everyone on your account. Companies related by common ownership or control. They can be financial and non- financial companies. Our affiliates include companies with a common corporate identity which include investment advisors, title insurance companies and real estate brokers. Companies not related by common ownership or control. They can be financial and non-financial companies. Meridian Bank does not share with nonaffiliates so they can market to you. A formal agreement between nonaffiliated financial companies that together market financial products or services to you. Meridian Bank does not jointly market. Other Important Information For Maryland Customers. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing - without your authorization. For New Jersey Customers. We will not share personal information from deposit or share relationships with nonaffiliates either for them to market to you or for joint marketing - without your authorization. For California Customers. In response to a California law, to be conservative, we assume accounts with California addresses do not want us to disclose personal information about you to non-affiliated third parties, except as permitted by California law. We also limit the sharing of personal information about you with our affiliates to ensure compliance with California privacy laws. For Massachusetts Customers. In response to a Massachusetts law, clients must opt-in to share non-public personal information with non-affiliated third parties before any personal information is disclosed. We may disclose non-public personal information to other financial institutions with whom we have joint business arrangements for proper business purposes in connection with the management or servicing of your account. For Vermont Customers: In response to a Vermont regulation, if we disclose personal information about you to non-affiliated third parties, we will only disclose your name, address, other contract information, and general information about our experience with you.

5 Meridian Bank Student Loan Refinancing Online Application Disclosures 5/ of 7 STUDENT LOAN REFINANCE Fixed Rate Application and Solicitation Disclosure 9 Old Lincoln Hwy Malvern, PA Loan Interest Rate & Fees Your interest rate will be between and 5.000% 7.250% Your Starting Interest Rate (upon approval) The interest rate you pay will be determined when you provide all supporting documents and you select a repayment term (10, 15, or 20 years). te that the lowest fixed rate is only available with a 10 year repayment term with payments made with an automatic funds transfer (AFT) from a Meridian Bank checking account. The highest interest rate is available with a 20 year (240 months) total loan term. If you select a 10, 15, or 20 year repayment term the interest rate will depend on your credit history and other factors (including your income and debts, loan amount, etc.). (For more information, see the Reference tes.) If approved, we will notify you of the rate you qualify for within the stated range. Your Interest Rate during the Life of the loan Loan Fees Late Charge: 5.000% of the late payment amount if a payment is more than 15 days late. Your rate is fixed. This means that your rate will be set on the day the loan is approved and will not increase above that rate before the loan is paid in full. (Please see the Reference tes for more information about the fixed interest rate.) The rate will be fixed for the life of the loan. Loan Cost Example We do not offer loan payment deferral options. Monthly payments must begin upon loan disbursement. Repayment Option Amount Provided (amount provided directly to your lender(s) on your behalf) Interest Rate (highest possible rate) Loan Term (how long you have to pay off the loan) Total Paid Over 20 Years MAKE FULL PAYMENTS Make principal and interest payments starting upon loan disbursement $10, % 240 months (20 Years) $18, About this example The loan cost examples are based on the highest starting rate currently charged for the maximum total loan term, and assumes that all payments are made on the date they are due. The actual loan cost will vary depending on the terms of credit for which you are approved. For more information, see the Reference tes.

6 Meridian Bank Student Loan Refinancing Online Application Disclosures 5/ of 7 Federal Loan Alternatives DIRECT CONSOLIDATION: Rate offered on a Federal Direct Consolidation equals the weighted average interest rate of the loans being consolidated, rounded up to the nearest one-eighth of one percent. If you are refinancing any Federal Student Loans with us, you will no longer be able to take advantage of Federal Student Loan repayment, forgiveness or hardship options, including but not limited to Income Based Repayment (IBR), Public Service Loan Forgiveness (PSLF), or Pay As You Earn (PAYE) or Revised Pay As You Earn (REPAYE). For more information about these benefit programs and other Federal student loan programs, please visit Next Steps Find Out About Other Loan Options. Visit the Department of Education s website at: for more information about consolidation loan options that may be available for federal student loans. To Apply for this Loan, Complete the Application. An Approval Disclosure will be provided to you after you have completed the application process if your loan is approved. The Approval Disclosure will identify the loan terms for which you are approved. The loan terms will be available for 30 days (terms will not change during this period, except as permitted by law).

7 Meridian Bank Student Loan Refinancing Online Application Disclosures 5/ of 7 REFERENCE NOTES Fixed Interest Rate The interest rate will be set when the loan is approved and will not increase above that rate before the loan is paid in full. If you choose to make your monthly payments automatically by funds transfer (AFT) from your Meridian Bank checking account, your fixed interest rate will decrease by 1.00%, and will increase back up to your regular fixed interest rate if you stop making (or we stop accepting) monthly payments automatically from your Meridian Bank checking account. Eligibility Criteria Must be a U.S. Citizen or Permanent Resident with a valid I- 551 card. Cannot be currently enrolled in or must have graduated from an accredited U.S. school. Must be employed. Borrower is subject to credit approval. Additional documentation (of debts, income, employment, degree verification etc.) may be required. Borrower must meet any income, debts-to-income and other credit requirements. Loans Eligible for Refinancing and/or Consolidation Loans Cannot be in a delinquent status and must have an aggregate minimum outstanding balance of $5,000. Loans must have been used only for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. school. Loans may be either private student loans (not guaranteed or insured by the federal government) or federal student loans. Bankruptcy Limitations If you file for bankruptcy you may still be required to pay back this loan. More information about loan eligibility and fixed interest rate options is available during the application process after we receive your loan application.