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FACT
Act and Privacy Policy Disclosures
Before
accessing the applications for Mortgage and Consumer Loans, we ask
that you read the following information concerning the FACT Act
and our Privacy Policy. You will be offered a link at the bottom
to advance to the loan application page.
The
FACT Act
In order
to comply with a new federal law, the Fair and Accurate Credit
Transaction Act of 2003, Bank of Pontiac is required to provide
the following notice to our customers:
"We may report information about your accounts to credit
bureaus. Late payments, missed payments, or other defaults on your
accounts may be reflected in your credit report."
If you have
questions about the FACT Act, please call our Main Bank at (815)
844-6155 or you can email
us.
Privacy
Policy
Bank of Pontiac
is committed to providing the highest level of security and privacy
regarding the collection and use nonpublic personal information. This
Privacy Policy is being provided to you to explain how we safeguard
your personal information and to comply with the guidelines set forth
by the Gramm-Leach-Bliley Act. This Act deals in part with how financial
institutions treat nonpublic personal information.
NONPUBLIC PERSONAL INFORMATION is defined as information about you
that the bank gathers in connection with providing a product or service
to you. It included any list, description, or other grouping of consumers
that is derived using personally identifiable financial information
that is not publicly available. A detailed description of Bank of
Pontiac's Privacy Policy is provided below. If you have additional
questions regarding the privacy of your personal information, contact us.
Respect of Right to Privacy
Bank of Pontiac respects your right to privacy and takes every precaution
to provide you with the same level of privacy within our virtual branch
that you receive through more traditional bank delivery channels.
Collection and Use-of Personal Information
The collection of personal information online is designed to protect
access to your personal accounts and to assist the bank in providing
you with the products and services you want and need. All personal
information collected and stored by the bank is used for specific
business purposes-to protect and administer your personal accounts
and transactions, to comply with state and federal banking regulations,
and to help the bank better understand your financial needs in order
to design or improve our products and services.
We collect nonpublic personal information about you from the
following sources:
- Information we receive from you on application or other forms
- Information about your transactions with us, our affiliates,
or others
- Information we receive from a consumer reporting agency
Nonpublic personal information that we disclose about you:
- We do not disclose any nonpublic personal information
about our customers or former customers to anyone, except as permitted
by law.
Limited Employee Access to Personal
Information
Bank of Pontiac limits nonpublic personal information about you to
those employees who need to know that information to provide products
and services to you. We maintain physical, electronic, and procedural
safeguards that comply with federal standards to guard your nonpublic
personal information.
Third-Party Disclosure Restrictions
Bank of Pontiac follows strict privacy procedures in regard to
protecting your personal information. In addition, the bank requires
all third parties with a business need to access this information
to adhere to similar and equally stringent privacy policies. Personal
information may be supplied to a third party in order to process
a customer transaction; if the customer requests it; the disclosure
is required or allowed by law (i.e. exchange of information with
reputable reporting agencies, subpoena, or the investigation of
fraudulent activity, etc.).
Disclosure of Privacy Policies
Bank of Pontiac is committed to ensuring the privacy of its customers'
nonpublic personal information. For more information regarding the
Bank of Pontiac Privacy Policy, contact us.
If you have read the above FACT Act and Privacy Information, click
here to access the loan application
page.
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