APPLICANT BORROWER AND SPOUSE/CO-BORROWER CERTIFICATION:
(1) 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.
(2) I/We also agree that the appraisal report will be forwarded directly to the Bank for its sole use only.
(3) 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.
(4) In case of disapproval, I/we understand that the Bank is under no obligation to disclose the reason/s for such disapproval.
(5) 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.
(6) The foregoing shall continue to be in full force and effect until my/our loan obligation with the Bank has been fully extinguished.
(7) 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 home 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.