The directors, management, and employees of The Community Loan Company
recognize and respect the privacy expectations of our customers.
The confidentiality and security of your personal information is important to
us, and we have taken steps to ensure your continued confidence in our
institution. We have established policies and guidelines to maintain the
highest level of confidence.
It is our policy to collect, retain, and use information about customers only
where such information is necessary and allowed by law to administer the business
of providing products, services, and other financial opportunities to our
The Community Loan Company has established procedures to ensure the accuracy of
customers’ financial information and that it is current and complete in accordance
with reasonable commercial standards. It is our policy to address any requests to
correct any inaccurate information in a timely manner.
The Community Loan Company maintains appropriate security standards and procedures
regarding unauthorized access to customer information. It is the policy of our
company to take disciplinary measures to enforce employee privacy responsibilities.
The Community Loan Company obtains information from applications, transaction information,
and consumer report information.
The Community Loan Company does not, nor intends in the future, to disclose any
personal financial information or other personally identifiable data of any
current or former customer to any nonaffiliated third party except as permitted
by law. If any personal financial information or other personally identifiable
data is provided to a third party, it is our policy to insist that the third
party adhere to similar privacy principles that provide for keeping such
By law in certain situations we may disclose personally identifiable information.
These situations include, but are not limited to:
Permissible under the Fair Credit Reporting Act, we may share information regarding our transactions and experiences
with you with other organizations that are our affiliates. This information includes data, such as payment history on
loans held by our company.
To a consumer reporting agency under the Fair Credit Reporting Act.
To companies who perform transaction processing for our company:
If the transaction, service or product is requested or authorized
To maintain service on your account
In connection with securing a transaction, secondary market sale,
(including servicing rights), or similar transaction related to a
Disclosures that are necessary to enforce our company’s legal or contractual
rights or any other person’s rights who is engaged in carrying out the
financial transition or providing a service.
Disclosures required in the ordinary course of business, such as settlement
of claims or benefits, providing information to the consumer or his/her agent,
and to bill, process, or clear items in the normal course of business.
To provide information to persons that are assessing our company’s compliance
with industry standards, and the company’s attorneys, accountants, consultants
To the extent permissible under the Right to Financial Privacy Act.
To protect against or prevent actual or potential fraud, unauthorized
transactions, claims, or other liability.
To comply with federal, state, or local laws, rules, and other applicable
The Community Loan Company makes this policy, and its management and employees
stand ready to assist you with any concerns regarding your financial privacy