1. AUTHORITY TO INSPECT. The owner(s) of the above property hereby authorize the appraisers of Security Bank or its accredited external appraisal companies to do the following activities in connection with the above-stated property(ies):
Conduct site inspection, actual area measurements and picture - taking for purposes of appraisal.
Conduct verification and/or requests for certified true copy(ies) of documents related to the above properties from the appropriate government agencies.
Conduct verification on payment of realty taxes, association dues (as applicable), etc.
2. I/We hereby willingly, voluntarily, and with full knowledge of my/our right under the law, waive the right to confidentiality of information and authorize Security Bank ("the Bank") to disclose, divulge and reveal any such information relating to my/our account, including events of default, for the purpose of, among others, client evaluation, credit reporting or verification and recovery of the obligation due and payable to the Bank under the terms and conditions of this agreement. In view of the foregoing, the Bank may disclose, divulge and reveal the aforementioned information to third parties, including but not limited to my/our employer/s, the Bank's affiliates, subsidiaries, agents or service providers, the Banker's Association of the Philippines - Credit Bureau (BAP - CB) or to any similar central monitoring entity or recipients as provided for by law and required by competent authority. I/We further authorize the Bank, as my/our Attorney-in-Fact, to conduct random verification with the Bureau of Internal Revenue (the "BIR") in order to establish the authenticity of my/our Income Tax Statements (the "ITR") and the accompanying financial statements/documents submitted to the Bank in accordance with banking regulatory requirements. I/We hold the Bank free and harmless from any and all liabilities, claims and demands of whatever kind or nature in connection with or arising from the aforementioned disclosure or reporting.
3. I/We also agree that the appraisal report will be forwarded directly to the Bank for its sole use only.
4. Any information given by me/us or other persons I/we authorize, which is not true or accurate, will automatically cause the Bank to reject my/our loan or cancel its approval.
5. In case of disapproval, I/we understand that the Bank is under no obligation to disclose the reason/s for such disapproval.
6. I/We further certify that the proceeds of the loan, if this application is approved, will be used solely for the purpose stated in the application.
7. The foregoing shall continue to be in full force and effect until my/our loan obligation with the Bank has been fully extinguished.
8. Offer and Acceptance of Other Bank Products. I/We hereby authorize the Bank to provide me/us with a consumer loan or an additional bank product/s (but not limited to auto loan, personal loan, credit card) at the Bank's sole discretion. My/Our acceptance of the credit card or the proceeds of any loan released pursuant thereto shall be conclusive proof of my/our acknowledgement of my/our additional indebtedness to the Bank under the Terms and Conditions set forth by the Bank and prevailing at the time when the additional loan is approved.
By submitting the information, I hereby indicate my consent to its collection and use by the SBC Group, third parties and SBC partners for the processing of my application as required by data privacy laws and in accordance with the SBC Data Privacy Notice.
Furthermore, I acknowledge that in case of issuance of a supplementary card, I and my supplementary/ies and/or surety/ies shall be jointly and severally liable for all information about the supplementary cardholder/s as well as all purchases, and cash advances made, including all interest and charges incurred through the use of the supplementary card/s and that in the event of delinquency, I hereby authorize Security Bank Corporation to report and include my names in negative listing of any credit card bureau or institution. I waive any defense of minority, illiteracy or non-filiation on any supplementary cardholder/s. Such responsibility shall only cease upon my written request for the supplementary card privileges to be terminated.
Further, I hereby willingly, voluntarily, and with full knowledge of my/our right under the law, waive the right to confidentiality of information and authorize Security Bank Corporation to disclose, divulge and reveal any information relating to my/our account, including events of default, for the purpose of, among others, client evaluation or verification or granting of a consumer loan or an additional Security Bank product/s under the Terms and Conditions of the Security Bank Corporation’s affiliates, subsidiaries, agents or service providers concerned. I hold Security Bank Corporation free and harmless from any and all liabilities, claims and demands of whatever kind or nature in connection with or arising from this disclosure or reporting.
9. I also authorize SBC to process, transfer, share, and disclose any information relating to my credit data, telecom or mobile usage data, or “telco score” to credit info data providers or credit scoring service providers (i.e. Globe Telecom, Inc., Smart Telecommunications, Inc., and other telecommunications service provider), for the purpose of credit verification, collection, credit review and credit scoring/analytics, and statistical and risk analysis.
10.I/We have read SBC’s privacy notice (www.securitybank.com/security-information) and understand that the
Bank recognizes my/our rights as data subject under the Data Privacy Act of 2012.
11. I/We hereby give consent to the processing of my/our personal data for purposes of obtaining the loan and all other ancillary services necessary for the maintenance of my/our account and collection of payment.
12. I/We hereby give consent to the processing of my/our personal data for purposes of obtaining the loan and all other ancillary services necessary for the maintenance of my/our account and collection of payment.
13. Subject to remain in effect or five (5) years after account closure, I/we hereby give my/our consent for SBC to share and process my/our information relating to my/our account/s to any member of the SBC Group (SBC and its affiliates and subsidiaries reported as part of SBC’s conglomerate map group structure as defined under BSP Circular 749) and Bancassurance companies or their authorized Service Providers and representatives, for purposes of cross-selling products and services, profiling and credit evaluation/reference checks, and for audit and account balance confirmation and allow them to contact me/us for this purpose (i.e. by email, telephone, text, etc.). Subject to remain in effect for five (5) years after account closure.
