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Notice of Privacy Policy
By
explaining our privacy policy to you we trust that this notice will allow
you to better understand how we keep certain information private and secure
while using it to serve you better. This notice is provided to you as
required by the Federal Privacy Law and refers to our policies and
practices effective on and after July 1st 2001.
The
notice explains the following:
- Protecting the confidentiality and security of consumer information
- Who is covered by the Privacy Policy; Revisions to the policy
- The types of information we have about you and where it comes from
- Sharing information with affiliated companies
- Sharing information for legal, business, and joint marketing purposes
PROTECTING
CONFIDENTIALITY AND SECURITY OF CONSUMER INFORMATION
We
take seriously our responsibility to respect the confidentiality and
security of nonpublic personal information - called "Consumer
Information" in this notice. Our policy calls for safeguards to
protect consumer information only by those who need access to do their
work. The same holds true for our affiliated companies, which are companies
that, now or in the future, we own (or control), or are owned (or
controlled) by, or are under common ownership (or control) with. We also
may maintain, as required by applicable federal regulations, physical,
electronic, and procedural safeguards to guard your nonpublic personal
information.
WHO
IS COVERED BY THE PRIVACY POLICY:
REVISIONS TO THE POLICY
Our
privacy policy applies to individuals (and their legal representatives) who
are our consumers or customers in connection with financial services
primarily for personal, family, or household purposes, such as leases
installment purchases of vehicles, and insurance. It covers both current
and former customers and treats them the same.
This notice also describes the privacy policy of our affiliated companies,
except as stated in separate notices they give you. Consumers who transact
financial services business with us but who do not seek financial services
from us are not covered by our privacy policy or this notice. We reserve
the option of revising this notice and our privacy policy from time to
time, but we will give you notice of the revised policy before disclosing
consumer information about you other than as described in this notice.
Information
We Collect
We
collect and use information about you from various sources. The amount and
nature of the information collected and used varies from transaction to
transaction, but the information described in the following five types:
1. Information from you. Information you provide to us on applications,
other forms, and by other means, such as your name, address, social
security number, assets, income, and debt;
2. Information from our experience and our affiliated companies'
experiences. Information about your transactions and account experience
with us or our affiliated companies, such as parties to transactions,
contract or lease balances, payment history, and communications and
correspondence;
3. Information from the experience of other parties. Information from other
outside sources regarding their employment, credit or other relationships,
account experience, or transactions with you, or verifying representations
made by you, such as your employment history, credit balances, or your
property or liability insurance coverage.
4. Information from credit reports. Information supplied by consumer
reporting agencies, such as information regarding your creditworthiness or
credit history;
5. Other general information. Other general information we obtain about you
(such as demographic information) that is not assembled for the purpose of
determining your eligibility for credit, insurance, employment or other
products or services.
SHARING INFORMATION WITH AFFILIATED COMPANIES
We
may disclose to our affiliated companies all of the information we collect
about you as described in each of the five categories above. Our affiliated
companies can be financial service providers such as leasing companies,
insurance companies and payment processing companies and non-financial
companies such as automotive repair facilities and data processing
companies. This sharing permits us to give you superior service, make a
wider range of products available, and operate our business more
effectively. We do not share information with nonaffiliated third parties,
other than described below under "Sharing Information for Legal and
Routine Business Reasons and for Joint Marketing". Where they apply,
we reserve limits and restrictions set by law as to sharing certain kinds
of information with our affiliates. For example, unless you authorize the
sharing, we do not disclosure credit worthiness information about you from
credit reports.
SHARING
INFORMATION FOR LEGAL AND GENERAL BUSINESS REASONS AND FOR JOINT MARKETING.
We
may disclose any of the above five types of consumer information to credit
bureaus and similar organizations, and otherwise when permitted by law. For
example, this may include a disclosure in connection with a subpoena of
similar legal process, a fraud investigation, recording motor vehicle
registration and other documents in public records, an audit or
examination, or the sale of your account to another financial institution.
We may also share any of the above five types of consumer information
outside of our affiliated companies if we have your consent, such as when
you're requested to be contacted by other companies we work with.
We
may also share all five types of consumer information above with companies
that work for us, possibly including some of our own affiliated companies,
to perform services or functions on our behalf. These companies may include
financial service providers such as banks, finance companies, and
non-financial companies such as automobile manufacturers and data
processing companies, and other organizations, such as nonprofit
organizations that might provide educational, training, or certification
services to businesses such as ours. We may also share the five types of
consumer information above with companies that work for us to provide
marketing and other services of with financial institutions with whom we
have joint marketing agreements, such as banks or financing divisions of
motor vehicle manufacturers. These companies act on our behalf and, within
the time required by law, will be required by law, will be required by our
policy to be contractually obligated to keep the information that we
provide to them confidential and to use the information that we provide to
them confidential and to use the information only to provide the services
we've asked them to perform for us.
Thank
you for reading this notice and learning about our policy.
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