At No Deposit Home Loans we recognize the sensitive nature of your personal financial information. We want to protect your privacy at all times. We want you to understand what information we collect about you and how we use this information. Accordingly, we have prepared this document, which explains the privacy policy regarding No Deposit Home Loans.
What Kinds of Information We Collect
In serving your needs, it is important to have accurate information about you. Therefore, when you apply for a loan, we collect information from you. The type of information requested varies based on the product or service you have requested and may include information such as your name, address, income, expenses, assets and employment history. We receive this information from you on loan applications. If we need to know about your credit history, we also receive information from third parties such as credit reporting agencies or other creditors. In addition, we collect and maintain information about your transactions with our affiliates, others, and us. This information includes account balances, payment history, credit card usage, and parties to transactions. In this policy, we refer to this information as "private information".
How We Use This Information
We will not disclose your private information, as described above, to any organization, affiliated or non affiliated, unless this disclosure:
- is necessary to effect, administer, or enforce a transaction, service, or inquiry you have initiated. For example, we occasionally enter into agreements with companies whose expertise is necessary to provide the service or product you have requested.
- is necessary to facilitate our business transactions with third parties,
- is required by law or regulation.
In these limited cases where information is shared with other companies that perform services on our behalf, the information provided is limited to the information they need to perform their function. These companies are also required to maintain the security and confidentiality of the information provided and use it only to perform the specified service on our behalf.
We do not share information with outside companies for the purpose of selling their products and services.
We do not share information with third parties, beyond what we have disclosed above.
Keeping Your Information Private
We take steps to safeguard customer information. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your customer information against unauthorized access. We also take appropriate corrective action when needed to enforce employee compliance with our procedures with respect to the privacy of client information. We may also ask you for personal information in order to verify your identity when you request assistance from us.
As previously mentioned, if we work with other companies who provide services on our behalf or in the case of jointly offered products, we will maintain contracts with our partners which will require them to comply with our Privacy Policy and to keep this information secure and confidential.
