At the time of loan application, the Company will notify its customers that it is requesting information to verify their identities. The notice will generally describe the identification requirements and is provided so that a customer can view or receive it before completing the application. The Company will post the notice in its office lobbies and on its website. The Company will also include this notice to potential customers in its disclosures provided prior to a loan application being processed:
Important Information about Procedures for Opening a New Account
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 and/or entity who opens an account. (e.g., establishes a formal relationship by means of a loan application)
What this means to you: When you open an account, we will ask for your name, address, date of birth (for individuals), and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.