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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)
On April 30, 1990, the FDIC adopted new rules for deposit insurance
coverage that begin taking effect JULY 29, 1990. most depositors
will not be affected by the changes. The basic coverage that
protects individual accounts for up to $100 000 and joint accounts
for an additional $100 000 remains the same. Your insured deposits
continue to be backed by the full faith and credit of the United
States
- Any person or entity can have FDIC insurance on a deposit.
- A depositor does not have to be a United States citizen, or
even a resident of the United States.
- The FDIC insures deposits in some, but not all, banks and
savings associations.
- FDIC-insured institutions must display an official sign at
each teller window or teller station. Insured savings associations
display the official savings association (eagle) sign. Insured
banks display either the official bank (FDIC) sign or the official
savings association (eagle) sign.
- In the event of a bank failure, federal deposit insurance
protects deposits that are payable in the United States. Deposits
that are only payable overseas, and not in the United States,
are not insured.
- Securities, mutual funds, and similar types of investments
are not covered by deposit insurance. Creditors (other than
depositors) and shareholders of a failed bank or savings association
are not protected by federal deposit insurance.
FDIC's Transaction Account Guarantee
Program
Under this program through December 31, 2009, all noninterest-bearing
transaction accounts are fully guaranteed by the FDIC for the
entire amount in the account. Coverage under the Transaction
Account Guarantee Program is in addition to and separate from
the coverage available under the FDIC's general deposit isurance
rules. On October 3, 2008, FDIC temporarily increased from $100,000.00
to $250,000.00 per depositor through December 31, 2009. On May
6, 2009 it was extended until December 31, 2013.
For more information see www.fdic.gov
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 beleive 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:
Director, Consumer Affairs
Office Of Thrift Supervision
Washington, DC 20552
For processing under Office Of Thrift 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
- Becasue 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:
Director, Consumer Affairs
Office Of Thrift Supervision
Washington, DC 20552
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 $250,000.00 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 collectand track information about you
The Bank, however, reserves the right to use or release such
information, as 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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