Privacy
Your privacy is important to Liberty Home Ownership. This is what you need to know when we collect, use and disclose your information:
When you apply for, accept, or guarantee a loan or credit facility, we may use, give to, obtain, verify, share and exchange credit and other information about you with others, including credit bureaus, mortgage insurers, registries, banks, financial institutions, and other persons with whom you may have financial dealings, as well as any other person as may be permitted or required by law. We may do this throughout the relationship we have with you. You also authorize any person whom we contact in this regard to provide such information to us.
We do not provide directly all the services related to your relationship with us. We may use third party service providers to process or handle personal information on our behalf and to assist us with various services and you acknowledge that we may release information about you to them. Some of our service providers are located outside Canada. As a result, your personal information may be accessible to regulatory authorities in accordance with the law of these jurisdictions. When personal information is provided to our service providers, we will require them to protect the information in a manner that is consistent with Liberty Home Ownership Organization privacy policies and practices.
We may collect, use and disclose your Social Insurance Number (SIN) for income tax reporting purposes, as required by law. In addition, we may ask you for your SIN to verify and report credit information to credit bureaus and credit reporting agencies as well as to confirm your identity. This allows us to keep your personal information separate from that of other customers, particularly those with similar names, and helps maintain the integrity and accuracy of your personal information. You may refuse to consent to its use or disclosure for purposes other than as required by law.
You agree that we may obtain two credit bureaus on each Applicant and Co-Applicant for the initial application. In addition, you agree that additional credit bureau inquiries may be required on each Applicant and Co-Applicant if the application is changed from a mortgage pre-approval to a property specific mortgage or it you initiate changes to the terms and conditions of an approval or if you request an extension of the interest rate commitment period.
Any disclosure statement in connection with the loan you are applying for may be given at the time that you enter into the Personal Credit Agreement, if you give us your e-mail address, either on the application or elsewhere, you agree that any disclosure statement, which you receive may be in an electronic format which you may retrieve and retain.
We may keep and use information about you in our records for as long as it is needed for the purposes described in this Authorization.
All information that you give us will, at any time be true and complete. If any personal information changes or becomes inaccurate or out of date, you are required to advise us so we can update our records. For more information, a copy of Liberty Home Ownership Organization Privacy Policy is available at www.libertyhomeownership.org.
Customer Authorization
In this Authorization, the words "we","our" and "us" mean any Liberty Home Ownership Organization member or any member that Liberty Home Ownership Organization solely appoint and includes any program or joint venture any of these parties participates in. The words "you" and "your" mean the Applicant and Co-Applicant. “Service” means any personal or business banking, insurance, brokerage or financial product or service offered by us.
Third Party Determination
By agreeing to this Authorization you confirm that the product(s) and/or service(s) applied for by you herein will not be used for or on behalf of any third party other than you and the other parties named in the Authorization for whose benefit such products and services are intended unless information is otherwise provided in the application.