These terms and conditions constitute a contract between commercial borrowers who use the Omicron platform (“Borrower”) and Omicron Mortgages P/L (“Omicron”).
- The Omicron platform is strictly for commercial loans and must not be used for consumer loans regulated by the National Credit Code.
. - Omicron will provide the Borrower with contact details of brokers from its database.
. - This service is provided free of charge to the Borrower. The Borrower acknowledges that if the introduction results in a loan between the Borrower and a lender who is a member of the platform the lender may be charged a fee by Omicron for the privilege of registering the metrics of the loan on the platform.
. - Omicron disclaims all liability for any losses the Borrower incurs as a result of working with a broker they meet through the platform. Omicron disclaims all liability for the actions of such brokers and for the appropriateness of having them registered to the platform. The software is designed to weed out bad eggs, not to prevent them from becoming registered in the first place. Therefore it is to be expected deficient brokers will make it onto the platform. Moreover the software may be flawed in design, concept or code, and it is anticipated that it will take many years to hone and perfect it. The Borrower acknowledges all this and agrees to hold Omicron safe from losses incurred as a result of dealing with brokers registered on the platform.
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