CCPA
California Consumer Privacy Act (CCPA) Disclosure
The CCPA requires businesses to provide a clear and concise disclosure to California residents about their personal information collection, use, and sharing practices. Here's a sample CCPA disclosure for a mortgage broker company:
California Consumer Privacy Act (CCPA) Disclosure
What Personal Information We Collect:
As a mortgage broker company, we may collect the following personal information about you:
- Identifying Information: Name, address, email address, phone number, Social Security number, driver's license number, passport number, and other government-issued identification.
- Financial Information: Income, assets, debts, credit history, bank account information, and other financial data.
- Property Information: Property address, property value, and other property-related details.
- Transaction Information: Mortgage application details, loan terms, and other transaction-related information.
- Online Activity: IP address, browsing history, and other online activity data.
How We Collect Your Personal Information
We collect your personal information primarily through the following methods:
- Directly from you: When you submit a mortgage application, provide documents, or communicate with us.
- From third parties: We may obtain information from credit bureaus, public records, and other third-party sources.
How We Use Your Personal Information
We use your personal information for the following purposes:
- Providing mortgage services: Processing mortgage applications, underwriting loans, and providing other mortgage-related services.
- Compliance with legal requirements: Adhering to anti-money laundering laws, fair lending regulations, and other legal obligations.
- Protecting our business: Detecting and preventing fraud, ensuring security, and managing risk.
- Improving our services: Analyzing customer data to enhance our products and services.
How We Share Your Personal Information
We may share your personal information with the following entities:
- Third-party service providers: We may engage third-party companies to assist us with various business operations, such as loan processing, credit reporting, and marketing.
- Affiliated companies: We may share your information with our affiliated companies for legitimate business purposes.
- Government agencies: We may disclose your information to government agencies as required by law or to comply with a legal process.
Your Rights Under the CCPA
Under the CCPA, you have the following rights:
- Right to Know: You have the right to know what personal information we collect about you, the categories of sources from which we collect it, the purposes for which we use it, and the categories of third parties with whom we share it.
- Right to Delete: You have the right to request that we delete your personal information, subject to certain exceptions.
- Right to Opt-Out: You have the right to opt-out of the sale of your personal information to third parties.
- Right to Non-Discrimination: You have the right to not be discriminated against for exercising your CCPA rights.
Additional Information
Cookie and Tracking Technologies
We use cookies and similar tracking technologies to collect information about your interactions with our website, such as your browsing history, preferences, and device information. This data helps us improve your user experience, personalize content, and track website performance. You can manage your cookie preferences through your browser settings.
Data Retention
We retain personal information for as long as necessary to fulfill the purposes for which it was collected, comply with legal requirements, and protect our rights. Our retention periods vary depending on the type of personal information and the specific purpose for which it is used.
Data Breach Notification
In the event of a data breach that compromises your personal information, we will take reasonable steps to investigate the breach and notify affected individuals as required by law. We will provide information about the nature of the breach, the types of personal information affected, and the steps we are taking to protect your data.
Minors
We do not knowingly collect personal information from children under the age of 13. If we become aware that we have collected personal information from a child under 13, we will take steps to delete it promptly.
Do Not Track Signals
We do not currently respond to Do Not Track signals sent by browsers. However, we may review our policies regarding Do Not Track signals in the future.
How to Exercise Your Rights
To exercise your CCPA rights, please contact us at [email protected].
Additional Information
For more information about our privacy practices, please refer to our full Privacy Policy.