Privacy Policy

Privacy Policy

Introduction

Respecting and protecting customer privacy is vital to our business. Keeping customer information secure is a priority at Sumiti Cheap Lending Home®, and we want you to be aware of our intended collection and disclosure of your personal information. This privacy policy explains how we will handle your information, and how we will use it to serve you better. The provisions of this policy will apply to former and current customers, consumers and visitors to our Internet web site, unless we state otherwise. This policy also applies to customers who use our local branch offices to provide personal information. If you provide us nonpublic personal information you may opt out of our sharing information with non-affiliated companies.

Confidentiality and Security/With Whom Do We Share Your Information

We restrict access to nonpublic personal information about you to (i) those employees who need to know your information to provide services to you, (ii) third party entities and financial service providers that deliver services to us (such as consumer credit reporting agencies), (iii) to any entity necessary to effect, administer or enforce a transaction that you have requested or authorized, and (iv) nonaffiliated marketing partners. When we use other companies to provide services for us, we request that they protect the confidentiality of personal information they receive as required by law. The law permits us to share information about our current and former customers with government agencies or authorized third parties under certain circumstances. For example, we may be required to share such information in response to subpoenas or to comply with certain laws, such as the Fair Credit Reporting Act. From time to time, we may also tell you about special offers from unrelated companies that we think may interest you. These companies will not learn about your relationship with us unless you respond to their offers.

We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information from unauthorized access.

Please note that if your loan is approved and completed, or if Sumiti Cheap Lending Home® purchases your loan from another lender, your loan may be serviced by one of Sumiti Cheap Lending Home®’s local branch offices. Sumiti Cheap Lending Home® reserves the right to allow the original loan company to assist in collecting payments or provide other customer and accounting services. Sumiti Cheap Lending Home® will require that any third party servicing a loan held by us, or that assists us in underwriting or originating a loan, will comply with our privacy policy.

Sumiti Cheap Lending Home® will use the information you provide to contact you by mail or phone. The times that Sumiti Cheap Lending Home® will contact you could include but are not limited to: updating application, verification of information, approval, denial, collections, solicitation for former borrower, payment, help assistance and newsletter. Subscribers to the newsletter may opt out at anytime by simply clicking the “unsubscribe” button in the newsletter. All other forms of contact can be terminated in compliance with the Fair Debt Collection Act.

Information We May Collect

Sumiti Cheap Lending Home® gathers the customer information that is needed to administer its business, provide services to our customers, and to complete your transactions. The categories of nonpublic personal information that may be collected about you include:

  • Information we receive from you on loan applications, registration forms for electronic payment or ACH transactions, or other forms (such as your name, address, phone number, or Social Security Number);
  • Information about your transactions with us (such as account activity, payment history, or account balance); and
  • Information we receive from a consumer reporting agency (such as your creditworthiness or credit history).

When you visit our web site, even if you are not yet a customer of Sumiti Cheap Lending Home®, we may nonetheless collect and store information about your visit in our systems or the systems of our service providers. This information may include the time and length of your visit, the pages you look at on our sites, and the site you visited just before coming to ours. We may also record the name of your Internet service provider and your email address. We use such information to measure site activity and to develop ideas for improving our sites, and for marketing purposes.

Once you begin to have a relationship with Sumiti Cheap Lending Home®, including the submission of applications for our products or services, there are also opportunities on our Web sites or via telephone, for you to provide us with information about you, such as your name, mailing address and e-mail address. If you choose to share any personal information with us, we may store it and we may use it for marketing and marketing research, in addition to completing your transaction and providing services to you.

Our web sites make use of “cookie” technology to measure site activity and to customize information to your personal tastes. A cookie is a “memory” file that may be placed on your hard drive by the computer which supports our web site when you visit the web site. When you revisit that web site, the computer can recognize you as a prior visitor and identify some areas which you previously visited. No personal information is stored in the cookies. When you come back to visit us again, we can tailor information to suit your individual preferences. The goal is to save you time and provide you with a more meaningful visit.

Internet Security Disclosure

We have implemented a commercially recognized high level of security for transmitting personal information via the Internet. We utilize Secured Sockets Layer protocol (SSL 3.0) with full support for 256-bit encryption methods. As of the effective date of this privacy policy, these secured encryption methods are preferred by the industry for online commerce and transactions on the Internet. Also, the Internet Web Server is protected by a firewall which restricts access from unauthorized or unrecognized sources coming from the Internet.

These encryption protocols are used in several areas during the Internet Loan Application process:

  • At the loan application web page when the applicant is entering their personal information.
  • For internal validation/verification processes.
  • When you are executing and submitting your online promissory note.
  • During ALL communications between our Internet server and our host processing system.

Some web browsers do not support secure servers. If you have difficulty accessing this area of our site, please contact one of our local branch offices to make your loan application by phone or other method.

We strive to protect your data and safeguard it from access by unauthorized individuals. However, the Internet is generally accessible by the public, and information which is available on the Internet (including the information supplied by you on this Web site or sent to an e-mail address provided by you) is potentially accessible by unintended third parties. Your use of this Web site and your disclosure of personal information through this Web site, on or through any server, is at your own risk, and we provide alternative means for you to transact with us. Although we will use commercially reasonable efforts to safeguard your data, we do not guarantee the security of any user provided data.

Notice of changes

Sumiti Cheap Lending Home® reserves the right to alter our privacy policy without notice from time to time.

Terms and Conditions Notice

Please read these Terms and Conditions carefully. By accessing this site and any pages thereof, you agree to be bound by the Terms and Conditions below. If you do not agree to the Terms and Conditions below, do not access this site, or any pages thereof.

Use of Information and Materials

The information and materials contained in these pages, and the terms, conditions and descriptions that appear, are subject to change. Unauthorized use of Sumiti Cheap Lending Home®’s web site and systems, misuse of passwords, or misuse of any information posted on a site is strictly prohibited. Not all products and services are available in all geographic areas. Your eligibility for particular products and services is subject to final determination by Sumiti Cheap Lending Home®.

No Warranty

The information and materials contained in this site, including text, graphics, links or other items are provided “as is”, “as available”. Sumiti Cheap Lending Home® does not warrant the accuracy, adequacy or completeness of this information and materials and expressly disclaims liability for errors or omissions in this information and materials. No warranty of any kind, implied, expressed or statutory including but not limited to the warranties of non-infringement of third party rights, title, merchantability, fitness for a particular purpose and freedom from computer virus, is given in conjunction with the information and materials.

Limitation of Liability

In no event will Sumiti Cheap Lending Home® be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with this site or any linked site or use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if Sumiti Cheap Lending Home®, or representatives thereof, are advised of the possibility of such damages, losses or expenses.

Submissions

All information submitted to Sumiti Cheap Lending Home® via this site shall be deemed and remain the property of Sumiti Cheap Lending Home® and Sumiti Cheap Lending Home® shall be free to use, for any purpose, any idea, concepts, know-how or techniques contained in information a visitor to this site provides Sumiti Cheap Lending Home® through this site. Sumiti Cheap Lending Home® shall not be subject to any obligations of confidentiality regarding submitted information except as agreed by the Sumiti Cheap Lending Home® entity having the direct customer relationship or as otherwise specifically agreed or required by law.

Availability

This site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. By offering this site and information, or any products or services via this site, no distribution or solicitation is made by Sumiti Cheap Lending Home® to any person to use this site, or such information, products or services in jurisdictions where the provision of this site and such information, products and services is prohibited by law.

Additional Terms

Certain sections or pages on this site may contain separate Terms and Conditions, which are in addition to these Terms and Conditions. In the event of a conflict, the additional Terms and Conditions will govern for those sections or pages.

Governing Law

Use of this site shall be governed by all applicable federal laws of the United States of America.