MOHELA Internet Privacy Notice
Effective Date: August 12, 2010
Our Commitment
MOHELA is committed to protecting and respecting the privacy of our customers. We will strive to maintain your privacy and ensure the confidentiality of the information you submit to us.
| FACTS | WHAT DOES MOHELA DO WITH YOUR PERSONAL INFORMATION? |
| Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
| What? |
The types of personal information we collect and share depend on the product or service you have with us. This information can include:
- Social Security number and income
- account balances and payment history
- Credit history and account transactions
|
| How? | All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons MOHELA chooses to share; and whether you can limit this sharing. |
| Reasons we can share your personal Information | Does MOHELA Share? | Can you limit this sharing? |
For our everyday business purposes -
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes -
to offer our products and services to you | Yes | No |
| For joint marketing with other financial companies | No | We don't share |
For our affiliates' everyday business purposes -
information about your creditworthiness | No | We don't share |
| For our affiliates to market to you | No | We don't share |
| For nonaffiliated to market to you | No | We don't share |
| What we do |
| How does MOHELA protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. |
| How does MOHELA collect my personal information? | We collect your personal information, for example, when you:
- open an account or apply for a loan
- pay your bills or pay us by check
- give us your wage statements or show your driver's license
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
|
| Why can't I limit all sharing? | Federal law gives you the right to limit only:
- sharing for affiliates' everyday business purposes - information about your creditworthiness
- affiliates from using your information to market to you
- sharing nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
|
| Definitions |
| Affiliates | Companies related by common ownership or control. They can be financial and nonfinancial companies.
|
| Nonaffiliates | Companies not related by common ownership or control. They can be financial and nonfinancial companies.
- MOHELA does not share with nonaffiliates so they can market to you
|
| Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
- MOHELA doesn't jointly market.
|
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Security
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.
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