Terms & Conditions of Membership

Interest Free Mortgage Fund (IFMF)

Membership Eligibility and Acceptance

1.1. Membership in the Interest Free Mortgage Fund ("IFMF" or "the Association") is available only to individuals who meet all qualification requirements established by the Board of Directors, including but not limited to U.S. citizenship or permanent residency, ownership or financing of a primary residence within the United States, and compliance with all application procedures.

1.2. IFMF reserves the right, at its sole discretion, to accept or reject any membership application. Applications may be denied for failure to meet qualification criteria, incomplete or inaccurate information, or non-compliance with Association policies.

Membership Fees (Non-Refundable)

2.1. All membership fees, including the one-time enrollment fee or any future recurring fees if enacted, are strictly non-refundable.

2.2. Payment of the membership fee does not guarantee funding, program participation approval, or any financial return. Membership grants access to the Association's private educational and cooperative funding activities only.

Member Contributions and Transfer Rights

3.1. Contributions made by members into the IFMF program or associated cooperative funding pools ("Contributions") remain the property of the Association for management purposes and are governed by IFMF bylaws and Board directives.

3.2. A member may transfer their Contribution balance or program position to:

• A qualifying family member, or
• Another individual who meets IFMF membership criteria.

3.3. Transfers may be sold for value or given as a gift; however, all transfers are subject to approval by IFMF to verify that the transferee meets all eligibility requirements.

3.4. The Association may deny any transfer request that could disrupt program integrity, violate policy, or conflict with regulatory, ethical, or fiduciary obligations.

Fund Management and Professional Oversight

4.1. Contributions pooled for Association purposes will be transferred to a professional brokerage, custodian, or clearing firm selected for the purpose of investment, safeguarding, and management.

4.2. The IFMF Board of Directors retains full authority to:

• Select, replace, or remove professional money managers, brokers, custodians, or advisors;
• Modify investment or allocation strategies;
• Implement risk-management policies;
• Adjust portfolio structures or financial policies in the best interest of the membership as a whole.

4.3. Members acknowledge that professional fund managers do not act on behalf of individual members but under the direction of the Board of Directors according to Association guidelines.

Member Obligations — 18-Month Contribution Plan

5.1. Members who elect to participate in the 18-month contribution plan agree to remit all payments in full and on time based on the schedule provided at enrollment.

5.2. Failure to submit timely payments may result in:

• Suspension of membership rights,
• Loss of contribution credit, and/or
• Forfeiture of the member's current position within the program or funding cycle.

5.3. Reinstatement, if available, may require payment of outstanding balances, fees, or requalification at the Board's discretion.

Compliance With Policies

6.1. Members agree to abide by all bylaws, policies, procedures, and directives issued by the IFMF Board of Directors.

6.2. Failure to comply may result in suspension, termination, forfeiture of benefits, or denial of program participation.

No Guarantee of Financial Outcome

7.1. Membership does not constitute an investment contract, profit-sharing arrangement, or guarantee of financial benefit.

7.2. Program participation, eligibility for cooperative funding, timeline estimates, and disbursement decisions are all guided by membership growth, available resources, qualification standards, and Board oversight.

Private Membership & Limited Liability

8.1. IFMF operates as a Private Membership Association, and all activities, educational materials, and cooperative funding operations are for private members only.

8.2. Members agree not to disclose internal processes, strategies, algorithms, or proprietary information without written authorization.

Amendments

9.1. These Terms & Conditions may be amended at any time by majority vote of the Board of Directors. Amendments shall take effect upon posting or notification to members.

Acknowledgment

By submitting an application and paying the membership fee, the applicant acknowledges that they have read, understood, and agree to abide by these Terms & Conditions and all policies of the Interest Free Mortgage Fund.