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#2157464 - 12/15/17 06:53 PM Privacy Notice - Individual doing a business loan
Midwest123 Offline
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Joined: Mar 2012
Posts: 120
Just had a quick question. If we have a new customer to the bank who is an individual who we will be doing a business loan with, do the privacy notice rules apply? Or does the customer have to do a consumer type purpose account?

Thanks!

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Lending Compliance
#2157466 - 12/15/17 06:59 PM Re: Privacy Notice - Individual doing a business loan Midwest123
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
12 CFR 1016.1(b) Scope. (1) This part applies only to nonpublic personal information about individuals who obtain financial products or services primarily for personal, family, or household purposes from the institutions listed below.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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