Compliance Memo C2021-07 California Privacy Notice (CalFIPA)
This memo is clarification of the 3 Privacy Notices sent in the application package on California properties and update to the CA Privacy Notice under CalFIPA.
There are 3 separate privacy notices sent on California properties under 3 separate regulations:
As Gold Star does not share NPI with affiliates requiring an “opt-out” nor does Gold Star share NPI with non-affiliated third parties requiring an “opt-in”, the CalFIPA Privacy Notice is likely inapplicable to Gold Star. However, in taking a conservative approach to this disclosure, we will continue to include in our application packages.
In the past, this disclosure required a wet signature as borrowers were provided options with check boxes. We have updated this disclosure removing the check boxes making it an esignable disclosure.
Effective: Today, June 17, 2021
If you have any question or need further clarification, please reach out to the me directly at email@example.com. Thank you!