To help the government fight terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account or loan. When you open an account or loan, your lender will ask for your name, address, date of birth, and other information that will allow it to identify you. The lender may ask to see your driver’s license or other identifying documents. In accordance with Section 326 of the USA PATRIOT Act, signed October 26, 2001, lenders are required to obtain a copy of the documents used in identifying new account or loan customers and in identifying signatory individuals added to an existing or new account or loan.
When you open a new loan with one of Outside Financial’s lender partners, the lender will ask for your name, date of birth, and other information that will allow them to identify you. The lender may ask you to provide a copy of your driver’s license and other identifying documents. By submitting this application, you authorize your chosen lender to obtain information necessary to verify your identity. This may include information obtained from a consumer reporting agency, public databases, or other sources. If the lender is unable to verify information necessary to confirm your identity, the loan may not be funded. The lender reserves the right to close your loan if it determines at a later date that it does not know your identity.