Common use of Safeguarding Information Clause in Contracts

Safeguarding Information. The Parties shall comply with Applicable Law related to privacy and data protection applicable to the mortgage loans, including without limitation, protecting the Borrower’ personal information and financial information in connection with any Loan or Package (including the names, addresses, social security numbers of the Borrower and any Non-Public Personal Information (“NPPI”)) under Applicable Law, including GLBA and similar state laws implementing regulations. The Parties mutually agree to maintain policies and procedures designed to (i) ensure the security and confidentiality of such NPPI; (ii) protect against any anticipated threats or hazards to the security or integrity of such NPPI; and (iii) protect against unauthorized access to or use of such NPPI that could result in substantial harm or inconvenience to any Borrower. The Parties further agree to safeguard such NPPI from unauthorized use and unauthorized disclosure.