Terms of Service

RCN operates credit-information infrastructure for participating institutions within the Commonwealth of Redmont.

RCN may provide:

RCN provides information intended to assist credit-risk assessment.

Certain RCN services are restricted to approved institutions and their authorised representatives.

RCN may require an institution to complete an application, verification or onboarding process before access is granted.

RCN may refuse institutional membership or access where reasonably necessary to protect the network, its members, its subjects or the integrity of its services.

Users are responsible for:

API credentials are confidential.

Institutions must:

Credit information obtained through RCN may only be used for legitimate authorised purposes, including:

Credit information must not be accessed out of curiosity, for harassment, for public disclosure, for unrelated competitive intelligence, or for another improper purpose.

RCN may require users to declare the purpose of a credit inquiry.

You must not:

Institutions that report credit information to RCN must take reasonable steps to ensure that information is:

RCN institutions must report facts rather than subjective personal opinions about borrowers.

Examples of reportable facts include account opened, amount borrowed, repayment made, account overdue, default occurred, account repaid and balance changed.

RCN may reject, flag or investigate information that appears inaccurate, inconsistent, abusive or improperly reported.

Institutions must cooperate reasonably with legitimate correction and dispute processes.

Where an institution becomes aware that information it reported is materially inaccurate, it must take reasonable steps to correct the information.

RCN may preserve superseded information within non-public audit records where necessary to maintain data integrity.

RCN Scores, ratings, reason codes, confidence indicators and related assessments are based on information available to RCN at the time of calculation.

They are estimates of credit risk based on reported history.

They are not:

RCN members must independently determine:

Unless otherwise stated, the RCN name, branding, software, API documentation, scoring methodology, website content and related materials are owned or controlled by Redmont Credit Network LLC.

These Terms do not transfer ownership of RCN intellectual property.

Approved member institutions may identify themselves as RCN members and use approved RCN integration branding subject to applicable brand guidelines.

RCN aims to provide reliable services but does not guarantee uninterrupted or error-free availability.

Services may be unavailable because of:

While RCN takes reasonable measures to maintain accurate information, credit information may contain errors caused by:

RCN may suspend or terminate access where a user or institution:

Where reasonable, RCN may provide notice and an opportunity to remedy non-urgent issues before termination.

Participating institutions may be subject to additional contractual terms, reporting requirements or membership agreements.

Where an institutional agreement conflicts with these general Terms, the specific institutional agreement will govern to the extent of the conflict.

Use of RCN is also governed by the RCN Privacy Policy.

Institution users acknowledge that credit information accessed through RCN may be private and must be handled accordingly.

RCN does not enter into lending contracts between borrowers and participating institutions.

RCN is not responsible for:

To the extent permitted by applicable Redmont law, RCN will not be liable for indirect or consequential loss arising solely from reliance on an RCN Score, rating or report where the information was presented accurately based on data available to RCN at the relevant time.

Nothing in these Terms excludes liability that cannot lawfully be excluded, including liability arising from fraud, intentional misconduct or other obligations imposed by applicable law.

RCN and users of its services are expected to exercise their contractual rights and obligations honestly and in good faith.

Nothing in these Terms authorises conduct that would otherwise violate the laws of the Commonwealth of Redmont.

RCN may update these Terms where reasonably necessary to reflect:

Material changes will be published with a revised effective date.

These Terms are governed by the laws of the Commonwealth of Redmont.

Disputes relating to these Terms may be brought before a court of competent jurisdiction within the Commonwealth of Redmont.

If any provision of these Terms is found invalid or unenforceable, the remaining provisions will continue to apply to the extent permitted by law.

Questions regarding these Terms, institutional access, disputes or legal matters should be submitted using the contact information published on the RCN website.