If a customer requests to open a small business banking deposit account, does the Bank have to get the customer's consent to pull a Qualifile? Or does the request fall under a reason in Section 604 (a) (3)( F) otherwise has a legitimate business need for the information ?
A Qualifile is pulled for the business entity, as well as individuals acting on behalf of the business entity, such as the custodian, guardian, rep payee, trustee, and executor/administrator.
I was not aware that Qualifile handled business entity files - but regardless, unless the individuals you are running are going to be directly liable on the deposit account, you do not have a permissible purpose and I am not aware that CheckSystems allows you to run a report based on written permission.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com