Please be sure to have immediate access to the following documents before you start this application:
These documents can be uploaded as PDF documents or JPG graphic files. Having these documents available can help ensure timely processing of your application.
WHAT DOES M&F BANK DO WITH YOUR PERSONAL INFORMATION?
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.
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
- payment history
- transaction or loss history
- account balances
- account transactions
When you are no longer our customer, we continue to share your information as described in this
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 M&F Bank chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information
Does M&F Bank 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
For our marketing purposes -
to offer our products and services to you
For joint marketing with other financial companies
We don't share
For our affiliates' everyday business purposes -
information about your transactions and experiences
information about your creditworthiness
For nonaffiliates to market to you
Call toll-free 1-800-433-8283 Ext. 840 or go to www.mfbonline.com
Who We Are
Who is providing this notice?
M&F Bank means Mechanics & Farmers Bank.
What We Do
How does M&F Bank 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.
We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.
How does M&F Bank collect my personal information?
We collect your personal information, for example, when you
- open an account
- pay your bills
- apply for a loan
- use your credit or debit card
- make deposits or withdrawals from your account
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 for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
Companies related by common ownership or control. They can be financial and non-financial companies.
· M&F Bank does not share with our affiliates.
Companies not related by common ownership or control. They can be financial and non-financial companies.
· M&F Bank does not share with nonaffiliates so they can market to you.
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
· M&F Bank does not jointly market.
Please read this E-SIGN Disclosure carefully and keep a copy for your records.
The following disclosures are required by the federal Electronic Signatures in Global and National Commerce Act (“E-SIGN”). They are necessary to open your account electronically. By clicking in the boxes next to the documents on this page and/or the following pages (or, where applicable, clicking “Accept” or “I Accept” next to the documents), you are consenting to electronically receive the relevant account-opening disclosures, notices, terms and conditions, and other documents contained therein (collectively, the “Electronic Disclosures”).
Hardware and Software Requirements. In order to access, view, and retain the Electronic Disclosures, you must have:
You also confirm that your electronic device will meet these specifications and requirements and will permit you to access and retain the Electronic Disclosures each time you access and use the M&F Bank online account opening service.
Please click on the PDF files or HTML links, select Print, select your printer and click on OK or select Save to retain a copy on your PC. If you are working on a public computer, you should not engage in online account opening.
How to Obtain Paper Copies. You may obtain paper copies of any of the Electronic Disclosures by notifying us at Eservices@mfbonline.com or writing to us at M&F Bank, Attn: Loan Operations, 2634 Durham Chapel Hill Blvd., Durham, NC 27707.
If your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please contact:
2634 Durham Chapel Hill Blvd.
Durham, NC 27707
within 60 days from the date you are notified of our decision. We will send you a written statement of reasons for the denial within 30 days of receiving your request for the statement.
Notice: The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is
FDIC CONSUMER RESPONSE CENTER
1100 Walnut St., Box #11
Kansas City, Missouri 64106
RIGHT TO RECEIVE A COPY OF APPRAISAL REPORT
Notice Date: 02/25/2017
We may order an appraisal to determine the property’s value and charge you for this appraisal. We will promptly give you a copy of any appraisal even if your loan does not close. You can pay for an additional appraisal for your own use at your own cost.
By signing below, you acknowledge that you have received this Disclosure.