Effective January 1, 2011
|Facts||WHAT DOES MORSE OPERATIONS, INC. 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:
||When you are no longer our customer, we continue to share your information as described in this notice.|
|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 Morse Operations, Inc. chooses to share; and whether you can limit this sharing.|
|Reasons we can share your personal information||Does Morse Operations, Inc. 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||Yes||No|
|For our affiliates’ everyday business purposes - Information about your transactions and experiences||Yes||No|
|For our affiliates’ everyday business purposes - Information about your creditworthiness||No||We don't share|
|For our affiliates to market you||No||We don't share|
|For non-affiliates to market you||No||We don't share|
|Questions?||Please contact the dealership directly with any questions.|
|WHO WE ARE|
|Who is providing this notice?||Morse Operations, Inc.|
|WHAT WE DO|
|How does Morse Operations, Inc. 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 Morse Operations, Inc. collect my personal information?||We collect your personal information, for example, when you
|Why can’t I limit all sharing?||Federal law gives you the right to limit only
|Affiliates||Companies related by common ownership or control. They can be financial and nonfinancial companies. Morse Operations, Inc. has no affiliates|
|Non-affiliates||Companies not related by common ownership or control. They can be financial and nonfinancial companies. Morse Operations, Inc. does not share with non-affiliates so they can market you|
|Joint Marketing||A formal agreement between non-affiliated financial companies that together market financial products or services to you.
|OTHER IMPORTANT INFORMATION|
As part of your efforts to purchase or lease a vehicle from our dealership, you are electronically signing a credit application, and therein authorized us to obtain your credit report from one or more credit reporting agencies (CRA’s).
The Seller/Dealership is not a lender, and does not lend money to its customers to finance or lease a vehicle. We have ordered CRA’s to make an initial assessment of your credit scores to enable us to determine which lenders to submit your credit application to in an effort to obtain a finance or lease approval for you.
The Seller/Dealership has submitted, or will submit, your loan/lease application to one or more lenders, and will then await their decision on whether to extend credit to you. If any lender denies your credit application, their decision may be based upon your CRA score, and/or other reasons. If your credit application is denied by any lender, you will receive adverse action notices from each of those lenders in the mail, and upon receipt of such a notice, you may write to each lender to determine their specific reason(s) for denying your application for credit.
YOUR USE OF OUR SITE AND/OR PARTICIPATION IN OUR PROGRAMS MEAN THAT YOU ACCEPT THE PRACTICES SET FORTH IN THIS POLICY. WE RESERVE THE RIGHT TO MAKE CHANGES TO THE POLICY BY POSTING THE NEW VERSION WITH A NEW EFFECTIVE DATE. YOUR CONTINUED USE INDICATES YOUR AGREEMENT TO THE CHANGES.
Please print this page for your records.