HomeTruth in Lending Act (TILA) Disclosure Statement

Truth in Lending Act (TILA) Disclosure Statement

Truth in Lending Act (TILA) Disclosure Statement

HL Hunt Marketplace Credit Builder Account
Effective Date: 07/23/2025
Creditor: HL Hunt Inc.
Address: 6844 Bardstown Rd, Louisville, KY 40291
Email: compliance@hlhunt.org

This disclosure provides the key terms of your HL Hunt Credit Line in accordance with the federal Truth in Lending Act. Please read it carefully and retain it for your records.

1. Annual Percentage Rate (APR) for Purchases

0% (No interest)
You will not be charged any periodic interest on purchases made through the HL Hunt Marketplace using your Credit Line.

2. Finance Charges

$0
You will not incur finance charges for carrying a balance. HL Hunt currently operates with a 0% APR model on Marketplace purchases.

3. Minimum Interest Charge

None

4. Credit Limit

Your approved credit limit will be disclosed in your account dashboard and in your acceptance email. Limits vary by membership tier and account history.

  • Your Credit Line is not a general-purpose or cash-access credit card.

  • It is a closed-loop, virtual tradeline usable only for purchases inside the HL Hunt Marketplace.

5. Grace Period

There is no grace period because no interest is charged. You are required to make payments according to your monthly billing cycle.

6. Billing Cycle

You will receive a monthly billing statement showing:

  • All purchases made using your HL Hunt Credit Line;

  • Payments received;

  • Total balance due;

  • Due date.

7. Late Payment Fee

If your payment is not received by the due date, you may be charged a late fee of up to $15 or 5% of the unpaid balance, whichever is greater.

8. Returned Payment Fee

A fee of $25 may be assessed for any returned payment due to insufficient funds, closed account, or other failure.

9. Total of Payments

The total of payments will depend on your actual usage of the Credit Line and purchases made. You are responsible for repaying 100% of the purchase amounts made using your HL Hunt Credit Line.

10. Security Interest

HL Hunt does not take a security interest in any real or personal property to secure this credit line. However, HL Hunt reserves the right to withhold, suspend, or reverse access to products or services purchased if balances remain unpaid.

11. Use Restrictions

Your Credit Line is only valid for:

  • Personal or business purchases within the HL Hunt Marketplace;

  • Eligible subscriptions and services sold by HL Hunt or participating vendors.

You may not use this Credit Line:

  • For cash advances;

  • For payments to external parties;

  • Outside the HL Hunt platform.

12. Credit Bureau Reporting

Your account may be reported to one or more consumer or commercial credit reporting agencies. This includes:

  • Tradeline opening and closing dates;

  • Credit limits;

  • Payment history;

  • Delinquencies or defaults.

We report in accordance with the Fair Credit Reporting Act (FCRA) and Equal Credit Opportunity Act (ECOA).

13. Right to Cancel

You have the right to cancel your Credit Line and this Agreement at any time by:

Upon cancellation, your tradeline will be reported as “closed by consumer” or “closed in good standing,” as appropriate.

14. Changes in Terms

HL Hunt may amend your account terms, including fee structures or credit policies, by providing at least 30 days’ written notice in accordance with 12 CFR § 1026.9. You will have the right to reject the changes by closing your account and paying any outstanding balance.

15. Contact Information

HL Hunt Inc.
6844 Bardstown Rd
Louisville, KY 40291
Website: www.hlhunt.org
Support: support@hlhunt.org
Compliance: compliance@hlhunt.org

Acknowledgment of Receipt

By accepting or activating your HL Hunt Credit Line, you acknowledge that:

  • You have received and read this TILA Disclosure Statement;

  • You understand the terms of your Credit Line;

  • You voluntarily agree to repay all obligations under the Credit Line Agreement.


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