Terms of Service

By accessing or using BankOfGaga ("Service," "we," "our," or "us") at bankofgaga.com, you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, do not use the Service. These Terms apply to all visitors, users, and others who access the Service.

BankOfGaga is a family money tracking and financial education platform that allows family members to record, track, and manage informal money agreements (such as loans from parents or grandparents to children). The Service provides tools to track repayment schedules, payment history, and amortization details.

BankOfGaga is not a bank, lender, financial advisor, or money transmitter. We do not hold, transfer, or process funds. All monetary transactions between family members occur outside the Service. We provide software tools only.

You must be at least 18 years of age to create an account as a lender ("Gaga"). Minor accounts may only be created through the invitation system by a parent or legal guardian who accepts these Terms on their behalf. By inviting a minor to the Service, the parent or guardian represents that they have authority to accept these Terms on the minor's behalf.

When you create an account, you must provide accurate and complete information. You are responsible for maintaining the confidentiality of your account credentials and for all activity that occurs under your account. You agree to notify us immediately at support@bankofgaga.com if you suspect unauthorized access to your account.

We reserve the right to terminate or suspend accounts that violate these Terms, at our sole discretion and without prior notice.

The Service is a tracking tool only. Please be aware of the following:

• Not legal documents: Records created in the Service do not constitute legally binding loan agreements. If you require a legally enforceable document, consult a qualified attorney.
• Tax implications: Family loans may have tax consequences, including IRS imputed interest rules. Loans over $10,000 may be subject to Applicable Federal Rate (AFR) requirements. We recommend consulting a tax advisor for guidance specific to your situation.
• No funds held: BankOfGaga does not hold, process, or transfer any money. All payments are made directly between family members through their own means.
• Accuracy: You are responsible for the accuracy of all data entered into the Service, including loan amounts, interest rates, and payment records.

You agree not to use the Service to:

• Violate any applicable laws or regulations
• Engage in any fraudulent, deceptive, or misleading activity
• Impersonate any person or entity
• Interfere with or disrupt the integrity or performance of the Service
• Attempt to gain unauthorized access to any part of the Service
• Use the Service for any commercial lending or financial services business
• Collect or harvest any personally identifiable information from the Service

The Service and its original content, features, and functionality are and will remain the exclusive property of BankOfGaga and its licensors. Our trademarks and trade dress may not be used in connection with any product or service without our prior written consent.

You retain ownership of any data you enter into the Service ("User Content"). By using the Service, you grant us a limited, non-exclusive license to store and display your User Content solely for the purpose of providing the Service to you.

You represent and warrant that you have all rights necessary to submit your User Content and that it does not violate any third-party rights or applicable laws.

Your use of the Service is also governed by our Privacy Policy, which is incorporated into these Terms by reference.

The Service integrates with third-party services including Google (for sign-in). Your use of those services is governed by their respective terms and privacy policies. We are not responsible for the practices of any third-party services.

THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, ERROR-FREE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.

WE ARE NOT RESPONSIBLE FOR ANY FINANCIAL DECISIONS MADE BASED ON INFORMATION PROVIDED BY THE SERVICE. THE SERVICE IS FOR TRACKING PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL, LEGAL, OR TAX ADVICE.

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL BANKOFGAGA BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING LOSS OF PROFITS, DATA, OR GOODWILL, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF OR INABILITY TO USE THE SERVICE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

OUR TOTAL LIABILITY TO YOU FOR ALL CLAIMS ARISING FROM OR RELATING TO THE SERVICE SHALL NOT EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID US IN THE TWELVE MONTHS PRECEDING THE CLAIM, OR (B) ONE HUNDRED DOLLARS ($100).

You agree to defend, indemnify, and hold harmless BankOfGaga and its officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses, including reasonable attorneys' fees, arising out of or in any way connected with your access to or use of the Service or your violation of these Terms.

These Terms shall be governed by and construed in accordance with the laws of the State of Texas, without regard to its conflict of law provisions. Any dispute arising under these Terms shall be resolved exclusively in the state or federal courts located in Texas, and you consent to personal jurisdiction in those courts.

We reserve the right to modify these Terms at any time. We will notify you of material changes by posting the updated Terms on this page and updating the effective date. Your continued use of the Service after any changes constitutes your acceptance of the new Terms.

We may terminate or suspend your access to the Service immediately, without prior notice or liability, for any reason, including if you breach these Terms. Upon termination, your right to use the Service will immediately cease. You may also delete your account at any time by contacting us at support@bankofgaga.com.

If you have any questions about these Terms, please contact us at:

BankOfGaga
Email: support@bankofgaga.com
Website: bankofgaga.com