The Educated Borrower®
LIBERTY BANK N.A.
Securing Your Financial Privacy
PRIVACY DISCLOSURE
Liberty Bank, N.A. is committed to the strong tradition of safeguarding our customers' private financial information. Liberty Bank, N.A. collects, retains, and uses information about individual customers only when we believe it would be useful (and allowed by law) in administering our business and to provide products, services and other opportunities to customers. This information is obtained from application information, transaction information, and consumer report information. Liberty Bank, N.A. makes disclosures to third parties only as permitted by law. This privacy policy expresses Liberty Bank, N.A.'s commitment to our customers.
INFORMATION WE COLLECT ABOUT YOU
We collect nonpublic personal information about you from the following sources:
- Information we receive from you on applications or other forms
- Information about your transactions with us, affiliates, or others
- Information we receive from a consumer-reporting agency
NO DISCLOSURES OUTSIDE OF EXCEPTIONS
We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted by law.
CONFIDENTIALITY AND 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 standards to guard your nonpublic personal information.
ADDITIONAL INFORMATION
If you have any questions or concerns about the protection of your personal financial information, please feel free to contact us at 888.426.7820.
THE EDUCATED BORROWER® AND PRIVATE ACADEMIC LOANS
PRIVACY POLICY
The Educated Borrower® and Private Academic Loans, LLC (including affiliates in the Private Academic Loans, LLC family of companies) maintain the highest standards of confidentiality and respect the privacy of our client relationships.
The Collection and Use of Information
We need to collect information about you to conduct our business relationship. However, in order to protect your information, we maintain and enforce strict security procedures.
We collect nonpublic personal information about you from various sources, including:
- Information we receive from you on applications or other forms;
- Information about your transactions with us or others; and
- Information we receive from a consumer reporting agency.
We collect only the information necessary to deliver quality products and services to our customers. Only authorized and trained employees have access to customer information. We maintain physical, electronic and procedural safeguards that comply with federal regulations to protect your nonpublic personal information. We also continually assess new technology, as it becomes available, to continue to best protect your privacy.
If our relationship with you ends, we will continue to treat your information in the manner described in this Privacy Policy.
Information We Disclose
We do not disclose nonpublic personal information about you to anyone, except as permitted by law. For example, we may share information with third parties in order to provide services necessary to maintain your accounts (such as data processing).
We may also disclose the following kinds of nonpublic personal information about you to companies or financial institutions that perform marketing or origination services on our behalf or with whom we have joint marketing or other agreements:
- Information we receive from you on applications or other forms, such as your name, address, social security number, assets and income;
- Information about your transactions with us or others, such as your account balance and payment history; and
- Information we receive from a consumer reporting agency, such as your creditworthiness and credit history.
Confidentiality of Consumer Information in Other Circumstances
When we share information with third parties, we hold all such parties to at least the same standards that we observe ourselves with respect to privacy of your information.