Indeed, it is official, and I did make it part of the new features announcement today, which you also covered.

The terms are as follows:

When you refer friends to Lending Club and they become borrowers or lenders, we will deposit a bonus into both your and your friend’s Lending Club accounts:

* $25 when your friend successfully submits a loan application
* $25 when your friend opens a lender account with $1-$999
* $50 when your friend opens a lender account with $1,000 or more

You can use 2 different links:

LINK 1:http://www.lendingclub.com/landing.action?referrer=ScreenName
This one drops referrals on our home page, and if the user creates an account within the same session, you get the bonus. Use this for friends that still may need to read more on the concept before signing up.

LINK 2: http://www.lendingclub.com/refer.action?referrer=ScreenName
This one drops referrals on the sign-up form. Use this for friends you think are ready to sign.

You can add these links to your site or email to your friends as much as you want.

We are working on the issue you reported regarding the second link in the email not tracking the referral.

Happy referring!

Rob Garcia
Web Production, Director
Lending Club