LM Financial Services collects, uses and discloses personal information for purposes limited to those which are related to its businesses. Personal information means any information about an individual which allows that individual to be identified. Personal information that LM Financial collects may include but is not limited to your name, address, telephone number, social insurance number (optional), income and other financial information, banking, vehicle, and reference information. LM Financial collects this information to: (i) confirm your identity and qualify you for the services for which you have applied, including obtaining a credit information report about you or your related financial history; (ii) assess your current and ongoing creditworthiness; (iii) verify any other information you provided in connection with your application; (iv) locate you to collect outstanding debts; (v) evaluate and make a decision about your application; (vi) match credit reports about you to determine your initial and ongoing eligibility for, and providing the products and services you request; (vii) open, monitor, administer, service and close your loan; (viii) enforce your loan; (ix) collect your outstanding debts to LM Financial; (x) meet legal, regulatory, security and data processing requirements; (xi) communicate with you by various means (including by electronic communications and by telephone); and (xii) promote and offer products and services, including those of third parties, to you that we believe may meet those needs or be of interest to you.

 

Should your loan go into default and you become unreachable, subject to applicable laws, LM Financial reserves the right to contact the references you provided as part of your application for the purposes of helping us locate you. You confirm that you have obtained consent from your references for LM Financial to contact them for such purposes.

 

You authorize LM Financial to verify all of the information that you have provided to us (either directly or indirectly). You accordingly permit us to obtain a copy of your credit report from one or more credit reporting agencies and to contact your employer to verify your employment, as applicable. You consent that LM Financial may use any credit reports that we obtain to assess your initial and ongoing creditworthiness.  In addition, subject to applicable laws and the policies and procedures of the applicable credit reporting agency, you consent to LM Financial obtaining your credit score from a credit reporting agency for a period of up to one year after (i) termination of any lending arrangement you have with LM Financial; or (ii) the date that, and in the event that, LM Financial declines or you withdraw your application. You acknowledge that this consent is obtained to allow LM Financial to offer you products and services from selected third parties.

 

You agree that we may provide you with: (i) information on products and services; (ii) incentives and advertising promotions; and (iii) offers about products and services from selected third parties that may interest you, such as our insurance partners or other providers of credit.

 

You fully release LM Financial and any third parties to whom LM Financial provides your personal information, from liability that may result from our respective collection, use and disclosure of your personal information.

 

You agree that you have read this document as well as our Privacy Policy carefully. Subject to legal or contractual obligations and reasonable notice, you have the right to change or withdraw your consent at any time; however, doing so may affect our ability to provide you with our products and services. For example, if we can no longer evaluate your creditworthiness or open, monitor, administer, service, close or enforce your loan, then we may not extend credit to you or we may terminate your loan.

 

By executing this document, and as a condition of LM Financial providing you credit, you make the following representations and warranties: (i) the information that you have given to us (including on your application) is correct, complete and accurate; and (ii) you are not contemplating filing for bankruptcy or a consumer proposal within the next four (4) months and have not consulted with an attorney or trustee concerning bankruptcy or a consumer proposal in the last two (2) months.

 

For more information, or if you have any questions about our collection, use and disclosure of your personal information, you may write to our Chief Privacy Officer at LM Financial, Attn:  33 City Centre Drive, Suite 250, Mississauga, Ontario, L5B 2N5.

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