 |
Privacy Statement
The collection, storage, and sharing of customer information constitutes an important part of delivering useful financing products and services to you. To serve you efficiently and conveniently, we have to make use of modern technology and customer information. But doing so can raise concerns about privacy and our use of the information you give us; therefore, we have established the following policies and procedures to help prevent misuse of information and protect your privacy.
How We Obtain Information
We obtain information about customers from three sources:
- Information provided by you, such as information required on applications.
- Information collected in the course of providing you with products and services.
- Information from outside sources, such as credit bureaus.
We gather this information and use it only if we believe one or more of the following applies:
- It is necessary or useful as part of our relationship with you.
- It will serve your interests.
- It will help us provide you with products and services meeting your needs.
- It is required by law or regulation.
Policies Governing Employee Access
We have procedures in place intended to limit employee access to personally identifiable information about you. Employee access to this information is limited to our employees who, because of their position or responsibilities, have a business reason to know or have access to such information. Our employees are informed of their responsibility to protect confidential information you give to us. All our employees are bound by our Code of Conduct, which addresses the importance of confidentiality and customer privacy.
Security Procedures
We have established security procedures and safeguards, in accordance with commercial standards, intended to prevent access to your confidential information by unauthorized persons. We periodically upgrade and test these security procedures and safeguards.
Disclosure of Information to Third Parties
Republic First National Corporation works with many funding partners to whom we assign the loans and leases we supply to our customers. We do not reveal specific information about your accounts, or other personally identifiable data, to third parties for their independent use, unless:
- The information is provided to help complete a customer transaction.
- You request or authorize it.
- The disclosure is made to a financial institution, reputable information reporting agency, merchant, or other person in accordance with standard industry practice.
- The disclosure is required by law.
- You have been informed about the possibility of disclosure for marketing or similar purposes and have given the opportunity to decline.
In addition, sometimes it is necessary for us to disclose confidential customer information to third parties assisting us in the operation of our business, such as vendors and service companies we hire to provide services for us or to provide support for one of our products or services to you. We require these third parties to agree to safeguard confidential information about you and to observe all applicable laws and regulations about privacy.
Information Required by Law
There are many state and federal laws that require us to disclose information to various government entities. Some examples of these laws are the Bank Secrecy Act, the Internal Revenue Code, and the Right to Financial Privacy Act. There are many other laws and regulations that require us, and our contractors and service providers, to disclose information. In addition, if you are involved in a legal proceeding, the parties to the litigation have the right under state and federal law to obtain records and information from us. In all these instances, we will disclose the information whenever required to do so by law, regulation, lawful judicial or administrative process, or court order.
|
|
