Section 326 of the USA Patriot Act requires all financial institutions to obtain, verify and record information that identifies each person who opens an account or changes information on an existing account. By completing a loan application with us you are entering an arrangement which is defined under The Patriot Act as an ‘account’. Therefore, we are obliged to inform you of the following.
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
When you open an account (complete a loan application), we will ask for your name, address, date of birth and other information that will allow us to identify you. We may impose additional identity verification procedures when deemed necessary and appropriate, as specified under the act.