© by Tax & Business Professionals

Example of notice. A financial institution ("Lender") that (i) does not have any affiliates and (ii) only discloses nonpublic personal information to nonaffiliated third parties as authorized under §§ 313.14 and 313.15, may comply with the requirements of § 313.6 of the rule by using the following notice, if applicable.

Lender collects nonpublic personal information about you from the following sources:

• Information we receive from you on applications or other forms;
• Information about your transactions with us or others; and
• Information we receive from a consumer reporting agency⁴⁰.

We do not disclose any nonpublic personal information about you to anyone, except as permitted by law.

If you decide to pay off your loan(s), we will adhere to the privacy policies and practices as described in this notice.

Lender restricts access to your personal and account information to those employees who need to know that information to provide products or services to you. Lender maintains physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.

------------------------------------------

⁴⁰ You only need to describe those general categories that apply to your policies and practices. Accordingly, if you do not collect information from "a consumer reporting agency," for instance, then you need not describe that category in your notices.

Published jointly by The Tax & Business Professionals, Inc. and the law firm of Newland & Associates as a service to their clients.

If you are a tax professional and would like more information about the subjects covered in this newsletter or any other tax and business matter, please call the Tax & Business Professionals, Inc. at (800)-553-6613, e-mail us at , or visit our web site at http://www.tax-business.com.

For a full range of business law and tax-related services, call the law firm of Newland & Associates at (703) 330-0000.

If you are reading this newsletter but are not on our mailing list, and would like to be, please contact us at (800) 553-6613.

While designed to be accurate, this publication is not intended to constitute the rendering of legal, accounting, or other professional services or to serve as a substitute for such services.

Redistribution or other commercial use of the material contained in Tax & Business Insights is expressly prohibited without the written permission of Tax and Business Professionals, Inc.

Tax & Business Professionals Main | Authors Row Main | Home