Lendingclub's TOS requires that if you do not meet other conditions, you can only invest a maximum of $2,500 but regardless of the cap, you can't purchase notes "in an amount in excess of 10% of your net worth..."
(c) can invest no more than $2,500 in Notes if you do not meet either of the tests set forth in (a) or (b); or (iii) if you reside in Kentucky, you are an "Accredited Investor" as determined pursuant to Rule 501(a) of Regulation D under the Securities Act of 1933, as described here (iv) regardless of your state of residence, you agree that you will not purchase Notes in an amount in excess of 10% of your net worth, determined exclusive of the value of your home, home furnishings and automobile.
Does this mean per note or does it mean that the total amount invested in notes cannot be more than 10% of your net worth?