These Terms of Service (this "Agreement") govern your access to and use of Lorica Core, a personal debt payoff automation service provided by Automate 100, LLC, a Washington limited liability company doing business as Lorica ("Lorica," "we," "us," or "our"). By creating an account, activating any feature, or using Lorica Core in any way, you agree to be bound by this Agreement.
Please read this Agreement carefully. It contains important provisions including a limitation of liability, an indemnification obligation, and a binding arbitration clause with a class action waiver (Section 13). If you do not agree to these terms, do not use Lorica Core.
This Agreement is part of a suite of documents that together govern your use of Lorica Core. By accepting this Agreement, you also agree to the following incorporated documents, each of which is available at trylorica.com/legal: • Privacy Policy — governs collection and use of your personal information • Regulation E / Electronic Fund Transfer Disclosure — governs your rights regarding electronic fund transfers • GLBA Privacy Notice — governs our practices for nonpublic personal financial information • Deposit Account Agreement — governs your Lorica Dedicated Account at Legend Bank, Member FDIC [PENDING CONTRACT EXECUTION] In the event of any conflict between this Agreement and an incorporated document, the incorporated document controls with respect to its specific subject matter.
To create an account and use Lorica Core, you must:
Lorica reserves the right to verify eligibility at any time and to suspend or terminate accounts that do not meet these requirements. By using Lorica Core, you represent and warrant that you meet all eligibility requirements.
Lorica Core is a personal debt payoff automation platform. Subject to your authorizations and this Agreement, Lorica Core will:
Lorica Core is not a bank, debt management company, credit counselor, or debt settlement service. Lorica explicitly does not:
Lorica Core is a subscription-based automation tool. You retain full control of your funds and can pause, modify, or cancel at any time.
| Plan | Price | Billed | Notes |
| Monthly | $39.00 / month | Monthly via Stripe | Cancel anytime; no lock-in |
| Annual | $374.40 / year ($31.20/mo) | Annually via Stripe | 20% savings vs. monthly; no refund for unused months after 30-day window |
All subscription fees are billed in advance through Stripe. Lorica does not store your full payment card number or bank credentials. By subscribing, you authorize Stripe to charge your selected payment method on a recurring basis until you cancel.
Lorica Core does not currently offer a free trial period. All subscriptions begin with a paid billing cycle. Lorica may introduce a free trial or promotional period in the future, in which case the specific terms — including duration, features accessible, and auto-conversion mechanics — will be disclosed to you before you activate the trial.
Lorica reserves the right to change subscription pricing at any time. We will provide at least 30 days' advance notice of any price increase by email to your registered address. Your continued use of Lorica Core after the effective date of a price change constitutes your acceptance of the new pricing. If you do not agree, you may cancel before the change takes effect.
Lorica does not charge per-transfer fees for Autopilot ACH draws, creditor payments via Spinwheel, or one-time manual transfers. Lorica absorbs Spinwheel payment processing costs. A fee may be assessed for returned ACH items due to insufficient funds in your Primary Account — see the Reg E Disclosure for the current fee schedule. Lorica does not charge for stop-payment requests or authorization revocations.
To use Lorica Core, you must create an account by providing your email address, creating a password, and completing identity verification via Plaid's IAV product. You agree to provide accurate, complete, and current information and to update it promptly if it changes.
You are responsible for maintaining the confidentiality of your login credentials and for all activity that occurs under your account. You agree to:
Lorica will never ask for your Primary Account password, PIN, or full payment card number. If you receive such a request purportedly from Lorica, treat it as fraudulent and contact us immediately.
By providing your mobile number and opting in, you consent to receive one-time passcodes and account-related text messages from Lorica for authentication and account-security purposes. Message and data rates may apply, and message frequency varies with your activity. Reply STOP to opt out or HELP for help. Consent to receive these texts is not a condition of using Lorica or making any purchase; other verification methods are available. Our handling of your mobile number is described in our Privacy Policy.
Each person may maintain only one Lorica Core account. Creating multiple accounts, sharing accounts, or allowing others to use your account is prohibited and may result in termination of all associated accounts.
By using Lorica Core, you agree to:
You may not use Lorica Core to:
Violations of this section may result in immediate account suspension or termination and may be reported to appropriate authorities.
Before Autopilot is activated, you must provide seven (7) separate, individually revocable authorizations as detailed in the Reg E Disclosure. No Autopilot draw or creditor payment will be initiated without an active, unrevoked authorization. A summary is provided below; full text is presented during the enrollment flow.
| # | Authorization | Effect of Revocation |
| 1 | Plaid Data Access — read-only access to your Primary Account | Disables income detection and suitability monitoring; Autopilot paused |
| 2 | Autopilot Rule Configuration — your configured draw rule | Disables the specific draw rule; Autopilot paused |
| 3 | Dedicated Account Opening — opening your Legend Bank DDA | Closes Dedicated Account; cancels all pending transfers |
| 4 | ACH Debit Authorization — recurring draws from Primary Account | Stops all future Autopilot draws immediately |
| 5 | Creditor Payment Schedule — scheduled payments to named creditors | Cancels all scheduled creditor payments immediately |
| 6 | Suitability Monitoring — automated balance monitoring and pause | Disables CAR guardrails; Lorica not liable for draws that cause hardship |
| 7 | Phase 2 Referral Consent (Optional) — referral to licensed providers | No effect on Autopilot; removes you from referral eligibility |
Lorica applies a Contribution Affordability Ratio (CAR) framework to protect you from overdraft and financial hardship. Autopilot draws will be automatically paused or reduced if your Primary Account balance falls below your configured safety threshold. You may adjust your safety threshold in Settings > Autopilot > Suitability Rules. You may not disable safety threshold monitoring entirely without revoking Authorization 6 (in which case Lorica bears no liability for transfers that cause hardship).
Autopilot draws may vary in amount because they are calculated as a percentage of qualifying income deposits or based on your configured rule. Lorica will notify you of the specific draw amount at least 10 days before execution, unless you have elected a shorter notice period or pre-approved a range. See the Reg E Disclosure, Section 4.3a for details.
You may pause, modify, or cancel Autopilot at any time through the dashboard. Changes to a scheduled draw require at least three (3) business days' notice before the scheduled execution date. Changes made with less than three business days' notice may not take effect before the next scheduled draw.
Upon completing enrollment and identity verification, Lorica will open a Dedicated Account in your name at Legend Bank, Member FDIC, via Infinant (Legend Bank's fintech core provider). [PENDING CONTRACT EXECUTION with Legend Bank]
Creditor payments are executed by Spinwheel, a third-party payment processor. By authorizing creditor payments through Lorica Core, you understand and agree that:
The Lorica platform, including all software, algorithms, designs, text, graphics, user interface elements, and underlying technology, is the exclusive intellectual property of Automate 100, LLC and is protected by applicable copyright, trademark, patent, and other intellectual property laws. You are granted a limited, non-exclusive, non-transferable, revocable license to access and use Lorica Core solely for your personal consumer debt payoff purposes during the term of this Agreement. No other rights are granted.
You retain ownership of all personal data and financial information you provide to Lorica Core. By using the service, you grant Lorica a limited license to use your data solely to provide, maintain, and improve Lorica Core as described in the Privacy Policy. Lorica does not sell your data for advertising or third-party commercial purposes.
Lorica Core is a payment automation tool, not a financial advisor, credit counselor, debt management company, or debt settlement service. The following disclaimers are material terms of this Agreement.
Nothing in Lorica Core, including debt analysis, payoff plan recommendations, suitability assessments, or Autopilot configurations, constitutes financial, legal, tax, or investment advice. Payoff strategy recommendations (e.g., avalanche method) are mathematical calculations based on data you provide — they are not professional advice. You should consult a qualified financial professional before making significant financial decisions.
Lorica does not guarantee any specific debt payoff timeline, interest savings, credit score improvement, or financial outcome. Results depend on many factors outside Lorica's control, including your income stability, creditor behavior, interest rate changes, and your adherence to your payoff plan.
Lorica Core is provided "as is" and "as available." Lorica does not warrant that the service will be uninterrupted, error-free, or free from security vulnerabilities. Lorica will use commercially reasonable efforts to maintain service availability but does not guarantee any specific uptime level.
Lorica Core integrates with third-party services including Plaid, Legend Bank / Infinant, Spinwheel, and Stripe. Lorica is not responsible for the availability, accuracy, or actions of these third-party services. Their separate terms of service and privacy policies apply to their respective components of the service.
READ THIS SECTION CAREFULLY. IT LIMITS LORICA'S LIABILITY TO YOU.
Some jurisdictions do not allow certain liability limitations. In such jurisdictions, Lorica's liability is limited to the maximum extent permitted by law.
You agree to defend, indemnify, and hold harmless Automate 100, LLC and its officers, directors, employees, and agents from and against any claims, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to:
This section requires binding arbitration of most disputes and waives your right to participate in a class action lawsuit. Please read carefully. [This section requires Perkins Coie review before adoption — confirm appropriateness for Lorica's target consumer base.]
Before initiating any formal dispute process, you agree to contact Lorica at support@trylorica.com and describe your concern in detail. Lorica will attempt to resolve the concern within 30 days. Many concerns can be resolved quickly and informally.
If a dispute cannot be resolved informally, you and Lorica agree that any dispute, claim, or controversy arising out of or relating to this Agreement or Lorica Core (including any question of arbitrability) will be resolved by binding individual arbitration administered by JAMS under its Comprehensive Arbitration Rules, except as set forth in Section 13.4. The arbitration will be conducted by a single arbitrator. Judgment on the award rendered may be entered in any court of competent jurisdiction.
YOU AND LORICA EACH WAIVE ANY RIGHT TO BRING OR PARTICIPATE IN ANY CLASS ACTION, CLASS ARBITRATION, COLLECTIVE ACTION, OR REPRESENTATIVE PROCEEDING. All disputes must be resolved individually. [Perkins Coie to confirm enforceability and appropriateness for Lorica's consumer base.]
The following disputes are not subject to mandatory arbitration: (a) claims that qualify for small claims court; (b) claims seeking injunctive or other equitable relief for infringement or misuse of intellectual property rights; and (c) claims that applicable law expressly requires to be resolved in court.
This Agreement is governed by the laws of the State of Washington, without regard to its conflict of law principles. To the extent any matter is not subject to arbitration, you consent to the exclusive jurisdiction of the federal and state courts located in Pierce County, Washington. [Confirm with Perkins Coie — Washington State vs. federal law choice for financial services context.]
You may cancel your Lorica Core subscription at any time as described in Section 3.4. Cancellation terminates your access to Lorica Core features at the end of your paid period. It does not automatically close your Dedicated Account at Legend Bank — you must arrange account closure separately with Legend Bank.
Lorica may suspend or terminate your account immediately, without prior notice, if:
Upon termination: (a) your license to use Lorica Core is revoked; (b) Autopilot is immediately paused; (c) pending ACH draws that have already been initiated may continue to settlement; (d) your Dedicated Account remains open at Legend Bank independently of Lorica; and (e) Lorica's data retention obligations as described in the Privacy Policy continue to apply.
The following sections survive termination of this Agreement: Section 9 (Intellectual Property), Section 10 (Disclaimers), Section 11 (Limitation of Liability), Section 12 (Indemnification), Section 13 (Dispute Resolution), Section 15 (General Provisions), and all data retention and compliance recordkeeping obligations described in the Privacy Policy (including BSA/AML, Reg E, and NACHA retention requirements). Lorica's obligation to maintain compliance records is not affected by account termination or deletion requests.
Lorica reserves the right to amend this Agreement at any time. We will provide at least 21 days' advance notice of any material change by email to your registered address and by in-app notification. The updated Agreement will be posted at trylorica.com/terms with a new effective date.
Your continued use of Lorica Core after the effective date of any material change constitutes your acceptance of the updated Agreement. If you do not agree to a change, you may cancel your subscription before the change takes effect. For non-material changes (e.g., typographical corrections, clarifications), we may update the Agreement without notice.
| Provision | Details |
| Entire Agreement | This Agreement, together with all incorporated documents listed in the Preamble, constitutes the entire agreement between you and Lorica regarding Lorica Core and supersedes all prior agreements, representations, and understandings. |
| Severability | If any provision of this Agreement is found unenforceable, that provision will be modified to the minimum extent necessary to make it enforceable, and the remaining provisions will remain in full force and effect. |
| No Waiver | Lorica's failure to enforce any provision of this Agreement does not constitute a waiver of that provision or any other provision. |
| Assignment | You may not assign your rights or obligations under this Agreement without Lorica's prior written consent. Lorica may assign this Agreement in connection with a merger, acquisition, or sale of substantially all of its assets. |
| Notices | Lorica will provide notices under this Agreement by email to your registered address or by in-app notification. You will provide notices to Lorica at support@trylorica.com or Automate 100, LLC, Attn: Legal, 401 Broadway, Suite 100, Tacoma, WA 98402. |
| Force Majeure | Lorica is not liable for delays or failures caused by events beyond its reasonable control, including natural disasters, acts of government, telecommunications failures, or actions of third-party service providers (Plaid, Legend Bank, Spinwheel). |
| Relationship of Parties | Nothing in this Agreement creates a partnership, joint venture, agency, or employment relationship between you and Lorica. Lorica acts as an independent service provider. |
| Electronic Communications | By using Lorica Core, you consent to receive communications from Lorica electronically, including by email and in-app notification. Electronic notices satisfy any legal requirement for written notice. |
The following documents are incorporated into and form part of this Terms of Service. All documents are available at trylorica.com/legal:
| Document | URL | Status |
| Privacy Policy | trylorica.com/privacy | Pending counsel review |
| Regulation E / Electronic Fund Transfer Disclosure | trylorica.com/legal/reg-e | Pending counsel review |
| GLBA Privacy Notice | trylorica.com/legal/privacy-notice | Not yet drafted |
| Deposit Account Agreement | trylorica.com/legal/daa | Pending Legend Bank contract execution |
| E-Sign Agreement | trylorica.com/legal/e-sign | In preparation — to be delivered to consumer before first ACH authorization is captured |
Note: The Deposit Account Agreement is provided by Legend Bank / Infinant and governs the terms of your Lorica Dedicated Account. Lorica will provide you with the Deposit Account Agreement before your Dedicated Account is opened. [PENDING CONTRACT EXECUTION]
| Version | Date | Summary | Approved By |
| 1.1 | April 2026 | Section 2.2 DMP/CSO/MTL disclaimer cleaned up: removed pending legal opinion reference, replaced with clean declarative statement. Section 3.2 free trial placeholder removed: no trial at launch, future trial terms to be disclosed separately. Section 3.4 annual refund made definitive: full refund within 30 days, no partial refunds after. Section 14.4 Privacy Policy data retention and BSA/AML/Reg E/NACHA compliance recordkeeping obligations added to survival clause. Appendix A E-Sign status updated to in preparation. | William Eskridge, Founder |
| 1.0 | April 2026 | Initial draft — Preliminary. Greenfield document. Legend Bank / Infinant architecture reflected throughout. [PENDING CONTRACT EXECUTION] on BaaS fields. Perkins Coie engaged for review. Binding arbitration clause requires counsel confirmation. All bracketed fields pending. | William Eskridge, Founder |
| [1.1] | [Date] | [Counsel review revisions — Perkins Coie markup] | [William Eskridge / Counsel] |
This Agreement was prepared by Automate 100, LLC for internal planning purposes only. It must be reviewed and approved by qualified fintech regulatory counsel — specifically counsel experienced with consumer financial services, EFTA, GLBA, Washington State consumer protection law, and NACHA Operating Rules — before it is presented to any consumer. Key items requiring counsel confirmation: binding arbitration clause, class action waiver enforceability, governing law selection, liability cap amount, and Legend Bank Deposit Account Agreement integration.
Prepared by: Automate 100, LLC │ Version 1.1 │ April 2026 │ PRELIMINARY — NOT FOR DISTRIBUTION