BHPH Funding Plan Overview

1. Term
   Maximum of 75% of the term of the account. Fewer months are acceptable and recommended for your profitability.
   Example: A 24-month term for your customer would be an 18-month term between your company and Canton Financial. The maximum term between your company and us is 24 months.
   
   
2. Amount
   Maximum to be borrowed is 100% of your purchase price of the unit based on the auction slip or dealer invoice.
   
   
3. The APR on the contract between you and Canton Financial will be 18%. There is a one time processing fee of $25 on each contract.
   
   
4. You will put Canton Financial on the title as a 2^nd Lien holder. Lien cost to be paid by you.
   
   
5. We hold your original Retail Installment Contract and the original Title with your Lien and Canton Financial's 2^nd Lien.
   
   
6. We prepare payment reports on your accounts prior to your payment due date so you will be aware of what is due and have an itemized listing.
   
   
7. Your BHPH accounts which become 60 days delinquent will trigger a payoff on the corresponding account with us within 10 days after the delinquency is reached. Vehicles which are wrecked must be reported to us for follow up as inactive accounts.
   
   
8. Accounts which are sent out for repossession or redeem after repossession must be reported to us within 48 hours. Any car that is repossessed and not redeemed will trigger a payoff to us after 30 days.