Credit Information Certification Sample Clauses

Credit Information Certification. When Client chooses to use consumer credit data in the Services, then Client certifies that it has a “permissible purpose” under the Fair Credit Reporting Act, 15 U.S.C. 1681 et. seq. (“FCRA”). If Client’s “permissible purpose” is based upon the written instructions of the consumer via the Internet, then Client shall obtain the consumer’s written instructions in a manner substantially similar to that provided for in Section A of the attached Authentication Services Supplement (“Supplement”), or if Client obtains the consumer’s consent to access credit data over the telephone, Client shall do so as provided for in Section B of the Supplement. If Client’s permissible purpose is “a legitimate business need for the information in connection with a business transaction that is initiated by the consumer,” then the written instructions provisions of this Schedule and Supplement do not apply, but only where the Client has a risk of financial loss in the transaction. In any case, Client certifies that it will request and use all data received from Experian solely for its internal purposes in connection with transactions involving the consumer as to whom such information is sought and that it will not provide the Services to any third party.
Sample 1
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Credit Information Certification. When Client chooses to use consumer credit data in the Services, then Client certifies that it has a “permissible purpose” under the Fair Credit Reporting Act, 15 U.S.C. 1681 et. seq. (“FCRA”). If Client’s “permissible purpose” is based upon the written instructions of the consumer via the Internet, then Client shall obtain the consumer’s written instructions in a manner substantially similar to that provided for in Section 7A below, or if Client obtains the consumer’s consent to access credit data over the telephone, Client shall do so as provided for in Section 7B below. If Client’s permissible purpose is “a legitimate business need for the information in connection with a business transaction that is initiated by the consumer,” then the written instructions provisions of this Supplement and Section 7 do not apply, but only where (i) the Client has a risk of financial loss in the transaction, or (ii) Client uses the information to detect or prevent actual or potential fraud, to verify the identity of a consumer paying by check, to verify the identity of a consumer opening a DDA Checking Account, or for tenant screening. Client acknowledges and agrees that unless the number of inquiries made with respect to a consumer report is among the top four factors adversely affecting the credit score provided as part of the Precise ID Services, Experian does not output the same as an adverse action factor. If Client is using the Precise ID Services for mortgage lending credit decisions, Client further acknowledges that it must obtain a credit score that will disclose such key factor in accordance with the requirements of Section 609(g) of the FCRA. In any case, Client certifies that it will request and use all data received from Experian solely for its internal purposes in connection with transactions involving the consumer as to whom such information is sought and that it will not provide the Services to any third party. If Client chooses to use custom Fraud Penetration Index (“FPI”) attributes within Precise ID for Account Opening Services, Client certifies that: (i) it will obtain and use the consumer’s written instructions as Client’s sole permissible purpose under the FCRA; (ii) Client understands that the custom FPI application has not been developed to be compliant with the Equal Credit Xxxxxxxxxxx Xxx, 00 X.X.X. 0000 et seq.; and (iii) therefore, Client will not use the Precise ID for Account Opening Services for the granting or denial of credit or for the ...
Sample 1

Related to Credit Information Certification

  • Financial Information Certifications The Parties agree to cooperate with each other in such manner as is necessary to enable the principal executive officer or officers, principal financial officer or officers and controller or controllers of each of the Parties to make the certifications required of them under Sections 302, 404 and 906 of the Xxxxxxxx-Xxxxx Act of 2002.

  • Credit Information As to each consumer report (as defined in the Fair Credit Reporting Act, Public Law 91-508) or other credit information furnished by the Seller to the Purchaser, that Seller has full right and authority and is not precluded by law or contract from furnishing such information to the Purchaser and the Purchaser is not precluded from furnishing the same to any subsequent or prospective purchaser of such Mortgage. The Seller shall hold the Purchaser harmless from any and all damages, losses, costs and expenses (including attorney's fees) arising from disclosure of credit information in connection with the Purchaser's secondary marketing operations and the purchase and sale of mortgages or Servicing Rights thereto;

  • TERMINATION CERTIFICATION This is to certify that I do not have in my possession, nor have I failed to return, any devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, laboratory notebooks, flow charts, materials, equipment, other documents or property, or copies or reproductions of any aforementioned items belonging to [Company Name], a Delaware corporation, its subsidiaries, affiliates, successors or assigns (collectively, the “Company”). I further certify that I have complied with all the terms of the Company’s Confidential Information and Invention Assignment Agreement signed by me, including the reporting of any Inventions (as defined therein), conceived or made by me (solely or jointly with others) covered by that agreement. I further agree that, in compliance with the Confidential Information and Invention Assignment Agreement, I will preserve as confidential all trade secrets, confidential knowledge, data or other proprietary information relating to products, processes, know-how, designs, formulas, developmental or experimental work, computer programs, data bases, other original works of authorship, customer lists, business plans, financial information or other subject matter pertaining to any business of the Company or any of its employees, clients, consultants or licensees. I further agree that for twelve (12) months from the date of this Certification, I shall not either directly or indirectly solicit, induce, recruit or encourage any of the Company’s employees or consultants to terminate their relationship with the Company, or attempt to solicit, induce, recruit, encourage or take away employees or consultants of the Company, either for myself or for any other person or entity. Further, I agree that for twelve (12) months from the date of this Certification, I shall not use any Confidential Information of the Company to negatively influence any of the Company’s clients or customers from purchasing Company products or services or to solicit or influence or attempt to influence any client, customer or other person either directly or indirectly, to direct any purchase of products and/or services to any person, firm, corporation, institution or other entity in competition with the business of the Company. Date: Employee: (Print Employee’s Name) (Signature)

  • OFAC Certification Company certifies that (i) it is not acting on behalf of any person, group, entity, or nation named by any Executive Order or the United States Treasury Department, through its Office of Foreign Assets Control (“OFAC”) or otherwise, as a terrorist, “Specially Designated Nation”, “Blocked Person”, or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule or regulation that is enforced or administered by OFAC or another department of the United States government, and (ii) Company is not engaged in this transaction on behalf of, or instigating or facilitating this transaction on behalf of, any such person, group, entity or nation.

  • Financial Information, Reports, Notices, etc The Borrower will furnish, or will cause to be furnished, to each Lender and the Agent copies of the following financial statements, reports, notices and information:

  • Information Packages As soon as available and in any event not later than two (2) Business Days prior to each Settlement Date, an Information Package as of the most recently completed Fiscal Month.

  • Representation Certificate The Agent shall have received the certificate required to be delivered pursuant to Section 7(l) on or before the date on which delivery of such certificate is required pursuant to Section 7(l).

  • Field Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information By becoming a party to this Agreement, each Lender:

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