DECLARATION OF NON-OWNER OCCUPANCY & BUSINESS USE OF PROCEEDS
I (“Borrower”) certify and represent to lender (“Originator”) as follows: I hereby declare that I have no intention of making the property (subject property listed in my loan application) my principal residence. Additionally, I declare that I have no intention of utilizing the property as a second home and/or any surviving spouse or family member shall live in the property. I understand that this loan is a business purpose loan and not a household purpose loan. The loan proceeds are intended to be used and shall be used for business purpose only, not for personal use. I represent that I understand the difference between consumer loan for personal purposes and a commercial loan for business purposes. I represent that this loan is not a consumer loan and therefore is not subject to any laws relating to consumer loans under any state or federal laws such as Truth in Lending Act (15 U.S.C. § 1601 et seq.), Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.), Gramm‐Leach Bliley Act (15 U.S.C. §§ 6802–6809), Secure and Fair Enforcement Mortgage Licensing Act (12 U.S.C. § 5101 et seq.), and Homeowners Protection Act (12 U.S.C. § 4901 et seq.). I realize the lender, broker, assignees and successors.
In Compliance with the Gramm-Leach-Bliley Act, we are providing you with this document, which notifies you of the privacy policies and practices of Integrity First Capital.
In the course of our business, we may collect Personal Information about you from the following sources:
- From applications or other forms we receive from you or your authorized representatives;
- From Transactions with, or from the services being performed by us, our investors, our affiliates, or others;
- From our internet websites;
- From public records maintained by the government entities that we either obtain directly from those entities, or from our affiliate or others; and
- From consumer or other reporting agencies.
Our Policies Regarding the Protection of the Confidentiality and Security of Your Personal Information:
We maintain physical, electronic, and procedural safeguards to protect your personal information from unauthorised access or intrusion. We limit the access to the personal information only to those employees who need such access in connection with providing products and services to you or for the legitimate business purposes.
Our Policies and Practices Regarding the Sharing of Your Personal Information:
We may share your Personal Information with our affiliates, such as insurance companies, agents, and other real estate settlement service providers. We also may disclose your personal information:
-To agents, investors, brokers, or representatives to provide you with services you have requested;
-To Third-party contractors or service providers who provide services or perform marketing or other functions on our behalf, and
In addition, we will disclose your Personal Information when you direct or give us permission, when we are required by law to do so, or when we suspect fraudulent or criminal activities. We may disclose your Personal Information when otherwise permitted by applicable privacy laws such as, when disclosure is needed to enforce your rights arising out of any agreement, transactions, or relationships with you.
One of the important responsibilities of some of our affiliated companies is to record any documents in the public domain, such documents may contain your Personal Information.
I/we have received a copy of this statement.