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I acknowledge that the Bank will review the Loan as frequently as it shall deem necessary and I agree to provide any additional information that it may
4. JOINT AND SEVERAL LIABILITY
If more than one person is bound by the Agreement, we shall be jointly and severally liable (in Quebec: solidarily liable) for the total Indebtedness and for
the fulfilment of each of the obligations contained herein and in the other Loan Documents.
I agree to pay the cost of registering a security interest or hypothec where applicable under applicable personal (movable) property security legislation
on the first Payment Date. I also agree to pay, under applicable personal (movable) property security legislation: a) the cost of renewing the security
interest or hypothec where applicable, and b) the cost of discharging the security interest or hypothec where applicable following repayment of the
Loan. I further agree to pay all other costs, fees and expenses including, without limitation, legal fees and disbursements, which the Bank may incur in
protecting its position and/or any policy or in collecting the Indebtedness. I acknowledge and agree that if any cheques or pre-authorized debits issued
by me are returned to the Bank unpaid, the Bank will charge a fee for each cheque or pre-authorized debit so returned (currently $50.00 or any amount
published from time to time). All such costs and fees will be paid by me forthwith upon notification. Until paid, they shall be added to and form part of the
Indebtedness and shall bear interest at the rates applicable from time to time pursuant to the Demand Note therein.
6. CONSENT TO COLLECTION AND USE OF PERSONAL INFORMATION
1 Personal Information: The Bank collects Personal Information, including identification, credit, employment, and other financial information such
as transactions occurring through the Bank or other financial institutions for the purposes described in section 2 from you, and if necessary,
your surety (guarantor) and other sources, as described below. Personal information may include any information that identifies you, such as
your name, age, marital status, employment history, income, social insurance number, credit history, home address, e-mail address and home
telephone number (“Personal Information”).
2 Collecting Your Personal Information: The Bank requires Personal Information in order to establish a relationship with you and makes use
of this Personal Information in the context of activities generally carried out by the Bank, including, if applicable, to verify your identity, give you
access to Online Services, open an account, a loan or any other product or service, understand your overall financial situation, determine your
eligibility for products and services, understand your needs, adequately deliver products and services, carry on business with you, protect you, the
Bank and its clients from errors, omissions or fraud and to comply with the law.
3 Holding, Using, and Disclosing Your Personal Information: For the purposes described in section 2, and where applicable,
a. You authorize the Bank to:
i. Obtain information regarding your solvency or financial situation, as may be required from time to time for the purposes described in
section 2, including your identification, and until full payment of any amount as may be owing to the Bank, from legally authorized persons
as well as, where applicable, from any personal information agent, Deposit Agent, Designated Advisor, Mortgage Broker, any person
referred to in credit reports obtained, any financial institution, fiscal authorities, creditor, employer, public organizations, any mortgage/
hypothecary insurer or any other person providing references, and authorize such persons to disclose the information requested. In
granting this authorization, you acknowledge that you are giving the Bank permission to request and access your credit report from credit-
ii. Disclose the information it holds on you to any person authorized or permitted by law, and, where applicable, personal information
agent, Deposit Agent, Designated Advisor, Mortgage Broker, financial institution, mortgage/hypothecary insurer or any organization duly
designated by the Bank according to paragraph c) below, or with your consent, to any person who so requests it;
iii. Use your social insurance number for reporting of income and share it with appropriate fiscal authorities and also share it with credit
reporting agencies for data consolidation purposes regarding services provided by the Bank;
iv. Make your Personal Information available to its employees, parent company, affiliates, subsidiaries, agents, and service providers acting
on its behalf. Service providers include account statement preparation and mailing companies, courier companies, imaging companies,
document storage companies, and record-keeping companies. When the Bank transfers Personal Information to its service providers, the
Bank ensures by contractual means that the transferred Personal Information is used only for the purposes for which the service provider
is retained. In the event the service provider is located outside of Canada, the service provider is bound by, and Personal Information may
be disclosed in accordance with, the laws of the jurisdiction in which the service provider is located.
b. You also recognize that the Bank may, at all times, without notifying you, assign your account to any person. The assignee may be required
by applicable laws to retain your Personal Information for a certain period of time.
c. With a view to benefiting from high-quality service and obtaining information about the financial products and services offered by the Bank
and its parent company, affiliates and subsidiaries (“Affiliates”) and if you have consented by checking the appropriate box(s) below, you
authorize the Bank to use your Personal Information, and to disclose your Personal Information to its Affiliates, for the purposes of the Bank
and its Affiliates (i) providing you with tailored communications about products and services that may be of interest to you, including pre-
approved credit products, and (ii) sending such marketing communications through various channels, including mail, email, telephone, fax, text
message or other electronic addresses you have provided the Bank. You may revoke the above authorization at any time by mail at 199
Bay Street, Suite 600, PO Box 279 STN Commerce Court, Toronto, ON, M5L 0A2, or by telephone at 1.866.334.4434, or by email at
firstname.lastname@example.org. The Bank will not refuse to provide the products and services described herein, if you are entitled to them,
even if you have revoked this authorization.
d. If services are provided by the Bank from a country outside of Canada or if data containing your Personal Information is moved and found in a
country outside of Canada, you understand that the Bank may be required to disclose your Personal Information to authorities or others in the
foreign jurisdiction pursuant to the applicable laws of that jurisdiction.
e. You authorize the Bank to disclose and share Personal Information that it holds about you with competent authorities in cases of fraud, inquiry
or breach of any agreement or any statutory violation.
f. You authorize the Bank to disclose and share information it holds on you with other financial institutions when inter-bank communication is
required to prevent or control fraud, during inquiries for breach of any agreement or any statutory violation.
g. The Bank will allow you to examine information to which you are entitled by law, and you may, upon providing a written request to the Bank,
obtain a copy of such information upon payment of amounts charged by the Bank.
h. When Personal Information is updated by you with regards to a specific product or service, such updated Personal Information shall be
considered the most current and the Bank is authorized to and may update its records accordingly for any other products and services you
i. The Bank complies with the laws related to the protection of Personal Information. To ensure compliance with these laws, the Bank adheres to
brochure.pdf. This code governs the behaviour of our employees with regard to the accuracy, confidentiality and security of all client
j. You confirm that before providing the Bank with Personal Information about third parties, you have obtained that person’s consent to provide
their Personal Information to the Bank.
12. Terms and Conditions (continued)