OUR COMMITMENT TO PRIVACY
SCOPE OF POLICY
This Policy applies to Select Mortgage Corp about individuals and does not apply to the information collected, used or disclosed with respect to corporate or commercial entities. However, such information is protected by other VERICO Select Mortgage policies and practices and through contractual arrangements. This Policy does not impose any limits on the collection, use or disclosure of the following information by VERICO Select Mortgage:
- your business contact information;
- publicly available information recognized under PIPA.
In this Policy:
"collection" means the act of gathering, acquiring, or obtaining personal information from any source, including third parties, by any means.
"consent" means voluntary agreement to the collection, use and disclosure of personal
information for specified purposes. Consent may be express or implied. Express consent can be given orally or in writing, it is unequivocal and does not require any inference on the part of Select Mortgage Corp. Implied consent exists when Select Mortgage Corp can reasonably infer consent based upon your action or inaction.
"disclosure" means making personal information available to a third party.
"personal information" means information about an identifiable individual but does not include business contact information of an individual. Personal information does not include information that is about corporate or commercial entities. It also does not include information that cannot be associated with a specific individual.
"PIPA" means the British ColumbiaPersonal Information Protection Act S.B.C. 2003, c.63.
"third party" means an individual or organization other than VERICO Select Mortgage and you.
"Privacy Officer" means an individual designated by VERICO Select Mortgage who is accountable for VERICO Select Mortgage compliance with this Policy and who can be contacted as set out at the end of this Policy.
"use" means the treatment and handling of personal information by and within VERICO Select Mortgage.
VERICO Select Mortgage is accountable and responsible for personal information under its control. VERICO Select Mortgage has designated a Privacy Officer who is accountable for Select Mortgage Corp compliance with this Policy. Accountability for VERICO Select Mortgage compliance rests with the VERICO Select Mortgage Management who may delegate the day-to-day accountability to the Privacy Officer. Other individuals within VERICO Select Mortgage may be accountable for the day-to-day collection and processing of personal information or to act on behalf of the Privacy Officer. VERICO Select Mortgage will adopt procedures to protect personal information, receive and respond to complaints and inquiries, train staff regarding policies and procedures and communicate policies and procedures to you.
When collecting information, VERICO Select Mortgage will state the purpose of collection and will provide, on request, contact information for the Privacy Officer who can answer questions about the collection. VERICO Select Mortgage collects your personal information for the following reasons:
- to provide and administer products and services requested and to use/disclose the
- information for any purpose related to the provision of requested products and services;
- to determine your financial situation including obtaining credit reports
- to provide information to third party suppliers of products and services, such as data service providers, etc.;
- to provide the information to credit bureaus and other financial institutions to update credit information;
- to protect VERICO Select Mortgage, yourself and others from fraud and error and to safeguard the financial interests of VERICO Select Mortgage;
- to authenticate your identity;
- to provide information to anyone working with or for VERICO Select Mortgage as needed for the provision of requested products and services;
- to collect debts owed to VERICO Select Mortgage;
- to manage or transfer assets or liabilities of VERICO Select Mortgage, such as in the case of acquisitions and mergers; and
- to comply with legal and regulatory requirements;
The above collections, uses and disclosures are a necessary part of your relationship with VERICO Select Mortgage.
- VERICO Select Mortgage may use your personal information to offer their additional or alternative services to you and may add it to client lists which they prepare and use for this purpose;
- VERICO Select Mortgage may contact you for survey purposes.
You may instruct VERICO Select Mortgage to refrain from using or sharing information in the two ways described above at any time by providing written notification to the VERICO Select Mortgage Privacy Officer. VERICO Select Mortgage acknowledges that the sharing of information in the two ways described above is at your option and you will not be refused services merely because you advised VERICO Select Mortgage to stop using or sharing information in these ways. When personal information that has been collected is to be used for a purpose not previously identified, the new purpose shall be identified prior to use and consent for same shall be obtained from you unless the use is authorized or required by PIPA or other law.
VERICO Select Mortgage will obtain your consent to collect, use or disclose personal information except where Select Mortgage Corp is authorized or required by PIPA or other law to do so without consent. For example, Select Mortgage Corp may collect, use or disclose personal information without your knowledge or consent where:
- VERICO Select Mortgage is collecting or paying a debt; or
- VERICO Select Mortgage is obtaining legal advice; or
- VERICO Select Mortgage reasonably expects that obtaining consent would compromise an investigation or proceeding; or
- VERICO Select Mortgage is obtaining information under circumstances where a person is seriously ill or mentally incapacitated.
Your consent can be express, implied or given through an authorized representative such as a lawyer, agent or broker. Consent may be provided orally, in writing, electronically, through inaction (such as when you fail to notify VERICO Select Mortgage that you do not wish your personal information collected/used/disclosed for optional purposes following reasonable notice of same), action, or otherwise. For example, oral consent could be expressed over the telephone when information is being collected; electronically when submitting an agreement, application or other information; or in writing when signing an agreement or application form. You may withdraw consent at any time, subject to legal or contractual restrictions, provided that reasonable notice of withdrawal of consent is given to VERICO Select Mortgage. On receipt of notice of withdrawal of consent, VERICO Select Mortgage will inform you of the likely consequences of the withdrawal of consent, which may include the inability of VERICO Select Mortgage to provide certain products or services for which that information is necessary.
4. LIMITS ON COLLECTION OF PERSONAL INFORMATION
VERICO Select Mortgage will limit collection of information to that which is reasonable and necessary to provide a product or service and which is reasonable and necessary for the purposes consented to by you. VERICO Select Mortgage will also collect information as authorized by PIPA or other law.
5. LIMITS FOR USING, DISCLOSING AND RETAINING PERSONAL INFORMATION
Your personal information will only be used or disclosed for the purposes set out above and as authorized by PIPA and other law. VERICO Select Mortgage will keep personal information used to make a decision affecting an individual for at least one year after using it to make the decision. VERICO Select Mortgage will destroy, erase or make anonymous documents or other records containing personal information as soon as it is reasonable to assume that the original purpose is no longer being served by retention of the information and retention is no longer necessary for legal or business purposes. VERICO Select Mortgage will take due care when destroying personal information so as to prevent unauthorized access to the information.
VERICO Select Mortgage will make a reasonable effort to ensure that personal information it is using or disclosing is accurate and complete. In some cases, VERICO Select Mortgage relies on you to ensure that certain information, such as your address or telephone number, is current, complete and accurate. If you demonstrate the inaccuracy or incompleteness of personal information, VERICO Select Mortgage will amend the information as required. If appropriate, VERICO Select Mortgage will send the amended information to third parties to whom the information has been disclosed. When a challenge regarding the accuracy of personal information is not resolved to your satisfaction, VERICO Select Mortgage will annotate the personal information under its control with a note that the correction was requested but not made.
7. SAFEGUARDING PERSONAL INFORMATION
VERICO Select Mortgage protects the personal information in its custody or control by making reasonable security arrangements to prevent unauthorized access, collection, use, disclosure, copying, modification, disposal or similar risks. VERICO Select Mortgage will take reasonable steps, through contractual or other reasonable means, to ensure that a comparable level of personal information protection is implemented by the suppliers and agents who assist in providing services to you. Some specific safeguards include:
- physical measures such as locked filing cabinets;
- organizational measures such as restricting employee access to files and databases as appropriate;
- electronic measures such as passwords and firewalls;
- regular reviews of processes in place to safeguard personal information; and
- investigative measures where VERICO Select Mortgage has reasonable grounds to believe that personal information is being inappropriately collected, used or disclosed.
Confidentiality and security are not assured when information is transmitted through e-mail or other wireless communication. VERICO Select Mortgage will not be responsible for any loss or damage suffered as a result of a breach of security and/or confidentiality when you transmit information to VERICO Select Mortgage by e-mail or other wireless communication or when VERICO Select Mortgage transmits such information by such means at your request.
VERICO Select Mortgage is open about the policies and procedures it uses to protect your personal information. Information about these policies and procedures will be made available in writing and electronically. However, to ensure the integrity of our security procedures and business methods, VERICO Select Mortgage will not disclose sensitive information about its policies and procedures. VERICO Select Mortgage will make available a description of the type of personal information held by VERICO Select Mortgage, and a general description of its use and disclosure.
9. PROVIDING ACCESS
You have a right to access your personal information held by VERICO Select Mortgage. Your information, such as copies of statements, transaction slips and account agreements will be provided upon request and authentication of identity. Upon written request and authentication of identity, VERICO Select Mortgage will provide you with your other personal information under its control, information about the ways in which that information is being used and a description of the individuals and organizations to whom that information has been disclosed. VERIOC Select Mortgage may charge a reasonable fee for providing information in response to a PIPA access request and will provide an estimate of any such fee upon receiving an access to information request. VERICO Select Mortgage may require a deposit for all or part of the fee. VERICO Select Mortgage will make the information available within 30 days or provide written notice where additional time is required to fulfil the request. In some situations, VERICO Select Mortgage may not be able to provide access to certain personal information. This may be the case where, for example, disclosure would reveal personal information about another individual, the personal information is protected by solicitor/client privilege, the information was collected for the purposes of an investigation or where disclosure of the information would reveal confidential commercial information that, if disclosed, could harm the competitive position of VERICO Select Mortgage. VERICO Select Mortgage may also be prevented by law from providing access to certain personal information. Where an access request is refused, VERICO Select Mortgage will notify you in writing, document the reasons for refusal and outline further steps which are available to you.
VERICO Select Mortgage will, on request, provide information regarding its complaint procedures. Any inquiries, complaints or questions regarding this Policy should be directed in writing to the VERICO Select Mortgage Privacy Officer. VERICO SelectMortgage will give appropriate notice of any amendments to this Policy.
VERICO elect Mortgage
205-1497 Admirals Road
Victoria, B.C. V3R 8P7