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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)
The Federal Deposit Insurance Corporation (FDIC) is an independent
agency of the United States government that protects the funds
depositors place in banks and savings associations. FDIC insurance
is backed by the full faith and credit of the United States
government. Since the FDIC was established in 1933, no depositor
has ever lost a single penny of FDIC-insured funds.
FDIC insurance covers all deposit accounts, including checking
and savings accounts, money market deposit accounts and certificates
of deposit. FDIC insurance does not cover other financial products
and services that banks may offer, such as stocks, bonds, mutual
fund shares, life insurance policies, annuities or securities.
The standard insurance amount is $250,000 per depositor, per
insured bank, for each account ownership category.
The FDIC provides separate coverage for deposits held in different
account ownership categories. Depositors may qualify for more
coverage if they have funds in different ownership categories
and all FDIC requirements are met. (For details on the requirements,
go to www.fdic.gov/deposit/deposits.)
EQUAL HOUSING LENDER
We do business in accordance with Federal Fair Lending Laws.
Under the Federal Fair Housing Act, it is illegal, on the basis
of race, color, national origin, religion, sex, handicap, or
familial status (having chlidren under the age of 18) to:
- Deny a loan for the purpose of purchasing, constructing, improving,
repairing or maintaining a dwelling or to deny any loan secured
by a dwelling; or
- Discriminate in fixing the amount, interest rate, duration,
application procedures, or other terms or conditions of such
a loan, or in appraising property.
If you believe you have been discriminated against, you should
send a complaint to:
Assistant Secretary for Fair Housing and Equal Opportunity
Department of Housing and Urban Development
Washington, DC 20410
For processing under the Federal Fair Housing Act
And To:
The Comptroller of the Currency
Customer Assistance Group
1301 Mc Kenney Street Suite 3450
Houston, Tx 77010-9050
For processing under OCC Supervision Regulations
Under the Equal Credit Opportunity act, it is illegal to discriminate
in any credit transaction:
- On the basis of race, color, national origin, religion, sex,
marital status, or age;
- Because income is from public assistance; or
- Because a right has been exercised under the consumer Credit
Protection Act.
If you believe you have been discriminated against, you should
send a complaint to:
The
Comptroller of the Currency
Customer Assistance Group
1301 Mc Kenney Street Suite 3450
Houston, Tx 77010-9050
RESIDENTIAL LOANS DETAILS
All rates are believed to be accurate but are not warranted
and are subject to change without notice. Conventional loans
are based on loan amounts of $417,000.00 and 80% LTV. Other
programs available with higher LTV. LTV over 80% requires P.M.I.
APR calculations include all costs payable to obtain credit
and P.M.I. (Private Mortgage Insurance), if necessary. Lock
days 30-45.
ONLINE PRIVACY AND SECURITY POLICY
At Interamerican Bank "The Bank", we value and respect your
right to privacy. The Bank understands that the confidentiality
and security of your personal information are of the utmost
importance. The Bank recognizes that your privacy is important,
and will therefore make every effort to ensure the accuracy
and security of each customer's financial information through
compliance with the Federal Right to Financial Privacy Act,
and other laws directed at protecting customer information (e.g.,
the Fair Credit Reporting Act and the Electronic Fund Transfer
Act).
The Bank shall protect the customer's financial privacy as to
both, paper-based information as well as information obtained
and maintained through electronic means. Normally, the Bank
will not release customer information to any third party, whether
it be a government agency or other private party, unless it
is first in receipt of a properly issued subpoena or other similar
legal order, or unless the Bank has obtained the express written
consent of the customer as to such a release. Interamerican
Bank does not use 'cookies' to collect and track information
about you.
The Bank, however, reserves the right to use or release such
information, at its discretion, within the confines of the legal
parameters previously noted.
USE AND SHARING OF CUSTOMER INFORMATION:
The Bank will advise customers of the intended use of their
personal information, through written notice where appropriate,
and will obtain the customer's consent to make releases of their
information in the normal course of business (e.g., providing
customer information to credit bureaus) and to obtain customer
credit reports.
In the event the Bank intends to "share" customer with third
parties, the Bank will provide a written disclosure for the
customer to sign, which authorizes the Bank to share customer
information, or alternatively, which provides the customer with
an opportunity to "opt out" of having their information shared,
in accordance with the requirements of the Fair Credit Reporting
Act.
The Bank uses information about you for the purpose of servicing
your financial need to the extent permitted by law.
We may share certain consumer information with third parties
(example: mailing accounts statements, producing ATM deposit
cards, check printing, etc.) to facilitate the offering, administration,
collection and delivery of products and services under controlled
circumstances, indicated in the Bank's policies and procedures
in order to protect your privacy.
SECURITY OF CUSTOMER INFORMATION:
Senior Management oversees the maintenance of appropriate internal
controls to address the security of customer information in
both paper and electronic form. These procedures address access,
storage, and disposal of confidential customer information.
The Bank will use its best efforts to ensure that third party
service providers, under outsourcing arrangements with the Bank,
protect the security and accuracy of customer information. Senior
management will be kept advised of any breaches of these procedures
or any detected deficiencies, and changes in procedure will
be made in an expeditious manner as needed to protect customer
information.
APR - Annual Percentage Rate
APY - Annual Percentage Yield
P.O.Box 652609
Miami, Fl 33265-2609
(305) 223-1434
(305) 223-1437 24 hours customer service line
It is to be noted that the Bank reserves the right to change
this policy at any time by posting a new Privacy & Security
Policy.
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