Borrower Data Sample Clauses
The Borrower Data clause defines the obligations and rights related to the collection, use, and management of data provided by the borrower during the course of a financial agreement. Typically, this clause outlines what types of information the borrower must supply, such as financial statements or personal identification, and may specify how the lender can use, store, or share this data, often in compliance with privacy laws. Its core function is to ensure transparency and set clear expectations regarding data handling, thereby protecting both parties and facilitating smooth administration of the agreement.
Borrower Data. The Borrower is encouraged to answer all of the questions below. This information is being collected to help ensure that communities’ small business credit needs are being fulfilled and allow SSBCI to analyze the populations that SSBCI funding is benefiting.
1. Minority-owned or controlled business status
Borrower Data. FirstClose will maintain the privacy of personal financial information contained within the Borrower Data in accordance with federal and state laws, rules and regulations, including GLBA. FirstClose will take and maintain commercially reasonable and appropriate measures designed to secure Customer Data against accidental or unlawful loss, access or disclosure. Subject to Section 2.5 (Transactional Settlement Services), FirstClose will not disclose any Borrower Data to any third party. Upon request, FirstClose will return to Customer or destroy any Borrower Data submitted by Customer upon termination or expiration of this Agreement, except for copies reasonably necessary for tax, audit or legal requirements.
Borrower Data. 1. RupeeCircle shall ensure that any information, data, documents, etc. relating to the Borrower, received by it, is not disclosed to any third party, without the consent of the Borrower. The Borrower hereby agrees and explicitly consents that the Company may disclose such information, data, documents, credit information, etc. of the Borrower to the CICs or any other regulatory body pursuant to or required by law or by an order, decree or judgement of any court or governmental body having competent jurisdiction.
Borrower Data. 7.1 Each Party shall provide Borrower Data to the other Party upon request in order to enable each of them to perform their responsibilities under this Agreement and Applicable Law.
7.2 Each Party shall establish and maintain appropriate administrative, technical and physical safeguards designed to (i) protect the security, confidentiality and integrity of Borrower Data, (ii) protect against any anticipated threats or hazards to its security and integrity, (iii) protect against unauthorized access to or use of such information or associated records; and (iv) enable the proper disposal of Borrower Data. Such safeguards shall be established in accordance with Applicable Law, including Section 501 of GLBA and the Interagency Guidelines Establishing Standards for Safeguarding Customer Information adopted pursuant to Section 501 of GLBA (the “Guidelines”) and an Information Security Program.
(a) In the event either Bank or Affirm becomes aware of any unauthorized use, modification, destruction or disclosure of, or unauthorized access to Borrower Data related to the Program (each, a “Security Incident”), such Party shall immediately (and shall cause each applicable Third-Party Service Provider to immediately) initiate response measures designed to identify the nature and scope of the Security Incident promptly (but not later than five (5) Banking Days after becoming aware of such Security Incident) notify the other Party in the event such Party reasonably determines that such Security Incident could result in any notification obligations under Applicable Law and in such notification provide the other Party with (i) a list of the names of persons whose Borrower Data has been affected, (ii) a description of the type and categories of the Borrower Data that has been affected and (iii) the circumstances underlying the Security Incident. Such Party shall not delay notification on the basis of incomplete information, but shall instead provide the available information and update any incomplete information promptly. Such Party and each applicable Third-Party Service Provider shall cooperate with the non-disclosing Party and shall assist in notifying affected Borrowers and take any other remedial action required by Applicable Law. The Parties shall cooperate with each other to assess the nature and scope of any such Security Incident requiring notification as set forth above. In addition, each Party shall take all appropriate measures to contain and control any Security...
Borrower Data a. Provider Data. Throughout the term of this Agreement, Provider, in accordance with a lead purchase agreement by and between Customer and Provider (“Lead Purchase Agreement”), may place data relating to potential borrowers into the Service and/or ▇▇▇▇▇▇ ▇▇ or make such data otherwise available for Customer (“Provider Data”). At all times, Provider is and will remain the sole and exclusive owner of all right, title, and interest in and to all Provider Data, including any intellectual property rights relating thereto. Furthermore, Customer shall be obligated to pay any and all fees due to Provider pursuant to any Lead Purchase Agreement between the Parties.
Borrower Data. All Borrower Data has been maintained in the ordinary course in accordance with the Program Policies and Procedures as then in effect. As of the Closing, Seller shall have delivered (or otherwise made available) to Purchaser all data regarding historical changes in fees and interest rates with respect to the Borrower Accounts in a format that enables Purchaser to re-evaluate such changes to the extent required by the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009, if any.