Effective Date: 08/05/2023

Bay Equity Lending, Inc. (“BEL,” ”we,” “our,” “us”) is committed to protecting our customers’ and website users’ (“you” or “your”) privacy. We are committed to maintaining the confidentiality of each customer’s financial information consistent with applicable state and federal laws.
This Privacy Policy (the “Policy”) explains how we collect and share your nonpublic personal information (information that is not available publicly) and further describes your rights to limit information we may share about you.

Information we collect: During the course of business, we may collect nonpublic personal information about you such as your e-mail address or telephone number. BEL may also collect, during the application process and/or a customer or consumer’s request for credit prequalification or preapproval;

• Identifiers: Name, address, email address, phone number, Social Security Number, and other contact information.
• Financial Information: Income, credit score, bank account details, and other financial data.
• Employment Information: Employment status, employer details, and job title.
• Residential Information: Information about the property you are interested in or own, including its address and value.
• Demographic Information: Age, gender, marital status, and other relevant demographic data.

How We Use Your Information: We use the collected information for legitimate business purposes, including but not limited to,

• Providing mortgage brokerage services and processing loan applications.
• Verifying your identity and eligibility for mortgage products.
• Communicating with you about your mortgage application and related services.
• Complying with legal and regulatory requirements.
• Improving our services and offerings.
• Preventing fraud and enhancing security.
• Conducting internal research and analysis.

Information Sharing: We may share your personal information with the following third parties:

• Lenders and financial institutions to process your loan and/or mortgage application.
• Service providers who assist us in processing loans, conducting verifications, or providing related services.
• Regulatory bodies and government agencies as required by law.
• Third parties with whom we have marketing or co-marketing agreements (only with your consent).
• Other parties with your consent or as permitted by law.

Data Retention

• Data Security: We take reasonable measures to protect your personal information from unauthorized access, disclosure, alteration, and destruction. We maintain administrative, technical, and physical safeguards to secure your data.
• Data Retention: We retain your personal information for as long as necessary to fulfill the purposes outlined in this Privacy Policy or as required by law. Once your information is no longer required, we will securely dispose of it.

California Consumer Privacy Rights: If you are a California resident, you have certain privacy rights under the California Consumer Privacy Act (CCPA), including:

• Right to Know: You have the right to request information about the personal information we have collected about you in the past 12 months.
• Right to Delete: You can request the deletion of your personal information we have collected, subject to certain exceptions.
• Right to Opt-Out: You can opt-out of the sale of your personal information to third parties.

To exercise your rights, please contact us using the information provided at the end of this policy.

We Do Not Collect Information from Persons under the age of 18.

We do not knowingly solicit or collect any type of information from a person under the age of 18. In the event we find out about such information has been disclosed during our course of business we will remove that information from our records as soon as feasibly possible.

Changes to this Policy:

Bay Equity Lending, Inc. will occasionally update this Privacy Policy. We reserve the right to revise our privacy notices and our privacy statements any time, as our business needs and practices change, or as the law requires.

Contact Information:

Bay Equity Lending, Inc. welcomes your comments regarding this Policy. If you have any questions or concerns about this notice, or about the privacy of your nonpublic personal information that you have provided to us, or would like to opt out from future contact by Bay Equity Lending, Inc., Please contact Bay Equity Lending, Inc. – 54 Penny Ln, Ste D, Watsonville, CA 95076

Bus. Phone 831-750-1787.

You may also email us at [email protected].

If you believe Bay Equity Lending, Inc. has not adhered to this statement, please contact us and we will use commercially reasonable efforts to promptly determine and remedy to the problem.