Privacy Statement
WHAT THIS IS:
This is a disclosure required by federal law, which is intended
to tell you (among other things):
- Where we get information about you (our sources);
- What we do to protect the information we have about you; and
- What our policy is about sharing information about you with others.
WHO YOU ARE:
This policy applies to you if you are a customer of ours.
A “customer” is a natural person (not a corporation) who
– for personal, family, or household purposes – has or
recently had a financial product with us, such as a mortgage loan.
DEFINITIONS:
Here are other terms we will use in this disclosure:
Information means nonpublic personal information, a technical term that generally means
- information that can identify you;
- that is not available publicly; and
- that we collect in connection with providing a financial product or service to you.
We will use the word information to mean nonpublic
personal information.
Affiliates are companies that are related to one another
by ownership, common ownership, or control. For example, if one
company owns or controls another company they are affiliates of
each other.
Non-affiliate means a company that is not an affiliate of
another company, and it also means a person who is not an employee
of a company.
Opt out means a choice a person can make (in certain cases)
to prevent a financial institution from sharing information about
that person with others. (You do not have a right to opt out because
we do not share information about you for marketing purposes.)
JOINT ACCOUNTS:
If you have a joint account with us (for example, you are, or you
have, a co-borrower on a loan), you should share this notice with
the person who shares your account. He or she may not get a separate
notice.
SOURCES FOR INFORMATION:
We collect information about you from the following sources:
- Information you might provide us on applications and other forms;
- Information about transactions we might conduct for you;
- Information about your transactions with nonaffiliated third parties; and
- Information from consumer reporting agencies.
OUR PRIVACY POLICY:
WE DO NOT SHARE INFORMATION ABOUT YOU WITH ANYONE EXCEPT AS
REQUIRED OR PERMITTED BY LAW.
FORMER CUSTOMERS:
We have the same policy disclosing information about former customers
as we do about current customers.
SECURITY:
We restrict access to the information we have about you to those
employees who need to know that information to provide products
or services to you. We maintain physical, electronic, and procedural
safeguards to guard your nonpublic personal information. (We are
required to do so by federal regulations.)
CHANGE:
We can change this policy, but we will tell you in advance if we
do, and we will explain any further rights you might have at that
time.
WHO WE ARE:
In regards to this disclosure, we means
The Construction Loan Company, Inc.
Member Home Lending Services, Inc.
1700 W. Highland, Suite 100
Howell, MI 48843