Common use of Customer Identification Notice Clause in Contracts

Customer Identification Notice. To help the government fight the funding of terrorism and money laundering activities, Federal law requires BSF to obtain, verify, and record information that identifies each person who applies for a SBA 504 Loan. What this means for you is when you apply for an SBA 504 Loan, we will ask for information to identify you, such as a copy of your driver’s license or other identification documents.