CHARTERED FINANCE COMMITMENT TO PRIVACY
WHAT IS PERSONAL INFORMATION?
ACCOUNTABILITY TO CUSTOMERS
WHY DO WE COLLECT YOUR PERSONAL INFORMATION
to verify your identity;
to determine the suitability of our products and services;
to evaluate your application for financing, particularly with respect to credit risk;
to understand your financial needs and determine which financial products or related services may be of use to you and help meet your needs, and to offer those to you either ourselves or organizations with which we have strategic alliances;
to share with third parties Chartered Finance may select and make arrangements with as its business associates for mortgage, credit and other insurance, for card services and for homeownership related products and services; those business associates may directly or through us determine eligibility for products and offer them to you;
to administer our financial and lending programs and provide ongoing service including dealing with your mortgage agent or broker; and
to comply with legal requirements and regulations
your unrestricted provision of information directly to Chartered Finance or through licensed agents or mortgage brokers;
your consent as obtained through an application process, or in a mortgage commitment, mortgage or related document ;
LIMITING COLLECTION, USE, DISCLOSURE AND RETENTION OF INFORMATION
There are some necessary types of disclosure of your personal information which occasionally occur as part of Chartered Finance fulfilling its routine obligations and conducting its business in the ordinary course. This includes, for example, disclosure to third party lenders, rating agencies, consumer reporting agencies, partners, consultants and suppliers to Chartered Finance (also known collectively as “service providers”).
We will retain your information only for the time it is required for the identified purposes and for a reasonable length of time thereafter in case we need to meet any potential obligations or legal or government requirements. Once your personal information is no longer required, it will be destroyed or made anonymous.
KEEPING YOUR INFORMATION ACCURATE
Chartered Finance strives to base its decisions on each customer’s accurate, complete and relevant personal information. We rely on you to disclose all material information and to inform us of any changes so we may update our files.