IMPORTANT INFORMATION ABOUT OPENING A NEW MORTGAGE LOAN ACCOUNT

 

To help the government fight the funding of terrorism and money laundering activities, U.S. Federal law requires financial institutions to obtain, verify, and record information that identifies all parties defined as a "customer" as well as, in certain cases, individuals or entities who have control over or are associated with an account.

What this means to you:

When you open a new loan account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents.

A corporation, limited liability company, partnership, trust or other legal entity may need to provide other information, such as its principal place of business, local office, employer identification number, certified formation documents, or government-issued business license.

The information being requested and observed is for compliance with the requirements of Section 326 of the USA Patriot Act implementing customer identification and verification requirements.