PURPOSE OF THIS NOTICE
Title V of the Gramm-Leach-Bliley Act (GLBA) and the laws of the State of California generally prohibit us from sharing nonpublic personal information about you with a third party unless we provide you with this notice of our privacy policies and practices describing the type of information that we collect about you and the categories of persons or entities to whom that information may be disclosed. In compliance with the GLBA and California law, we are providing you with this document, which notifies you of the privacy policies and practices of ZABE Mortgage Group.
OUR PRIVACY POLICIES AND PRACTICES
Information we collect:
A. Categories of Information Collected and Sources From Which We Collect It.
We collect non-public personal information about you from the following sources:
Information that you provide us on applications and other forms.
Information about your transactions with us.
B. Persons From Whom Information is Collected.
We may collect nonpublic personal information from individuals other than those seeking a loan.
2. Information we may disclose to third parties:
We do not disclose information about you to third parties whose only use of the information is to market a product or service. However, in the course of our general business practices, we may disclose the information that we collect (as described above) about you or others without your permission to the following types of institutions for the reasons described below:
To a third party if the disclosure will enable that party to perform a business, professional or loan function for us.
To a title company, insurance institution, agent, or credit reporting agency in order to detect or prevent criminal activity, fraud or misrepresentation in connection with a loan transaction.
To a title company, insurance institution, agent, or credit reporting agency for either this agency or the entity to whom we disclose the information to perform a function in connection with a loan transaction involving you.
3. Your right to access and amend your personal information:
You have the right to request access to the personal information that we record about you. Your right includes the right to know the source of the information and the identity of the persons, institutions or types of institutions to whom we have disclosed such information within 2 years prior to your request. Your right includes the right to view such information and copy it in person, or request that a copy of it be sent to you by mail (for which we may charge you a reasonable fee to cover our costs). Your right also includes the right to request corrections, amendments or deletions of any information that is in our possession. The procedures that you must follow to request access to or an amendment of your information are as follows:
4. Our practices regarding information confidentiality and security:
We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.
5. Our policy regarding dispute resolution:
6. Reservation of the right to disclose information in unforeseen circumstances:
In connection with the potential sale or transfer of its interests, ZABE Mortgage Group, and its affiliates (if any), reserve the right to sell or transfer your information (including but not limited to your name, address, age, sex, zip code, state and country of residency, and other information that you provide through other communications) to a third party entity that (1) concentrates its business in a similar practice, product or service; (2) agrees to be ZABE Mortgage Group’s successor in interest with regard to the maintenance and protection of the information collected; and (3) agrees to the obligations of this privacy statement.