Soliciting of Financial or Identity Information from Borrowers

Lenders may not require prospective borrowers to provide proof of identity, proof of employment, financial statements, a credit report, or authorization to obtain a credit report as a condition to bidding on listings, and borrowers are not encouraged to provide such information. When a borrower creates a listing, Prosper obtains their credit report and determines their credit grade, which is displayed in the listing. That is the only credit grade relevant to lenders placing bids on Prosper.