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Pursuant to the Gramm-Leach-Bliley Act of 1999 (effective 1 July, 2001), all providers of personal financial services are required by federal law to inform their clients of the policies of the firm with regard to client non-public personal information.
In the course of providing appraisal services to you as our client or to you as the mortgage customer of our client, we may collect what is known as “non-public personal information” about you. This information is utilized to facilitate the services we perform for you and may include information provided to us by you directly or from others on your behalf and with your authorization.
First Equity Appraisal Services has a strict policy for handling customer information. The information you provide to First Equity Appraisal Services is confidential and protected to the fullest extent possible. First Equity Appraisal Services will not disclose or distribute client information to non-affiliated third parties unless necessary or unless directed to do so by a court of law.
By way of example, a “necessary” disclosure would be to our employees assisting in the preparation or distribution of the appraisal report, or to (in certain instances) third party consultants who need the information for assisting us in the provision of appraisal services to you. All employees and any third party consultant we employ are advised that the information they are handling is part of an appraisal assignment and is to be held in the strictest confidence.
If you are a mortgage customer, you should be aware that, technically, the mortgage company or bank is considered the Client. However, if you have paid for the appraisal report, federal regulation mandates that the lending institution must provide you with a copy of the report
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