DISCLAIMER


I warrant and confirm that the information given herein is true and correct and I understand clearly that it is being used to determine my credit responsibility by you and by MMC. If the application is approved, it is understood that MMC will underwrite, fund, administer and service the mortgage. You and MMC are authorized to obtain information you or MMC may require relative to this application from any sources to which you or MMC may apply and each source is hereby authorized to provide you and MMC with such information. You and MMC are furthermore authorized to disclose, in response to direct inquires on my borrowing account as you and MMC consider appropriate, and I agree to indemnify you and MMC against and save you and MMC harmless from any and all claims and damages or otherwise arising from such disclosure on your or MMC's part. You and MMC are also authorized to retain the application whether or not the relative mortgage is approved.

 

PRIVACY POLICY


Collection of Information

Marathon Mortgage Corp. collects personal information for the purpose of making credit decisions about potential customers, to confirm identity and to prevent fraud and money laundering. To fulfil these purposes, Marathon Mortgage Corp. may, on occasion, request information about individuals from the files of consumer reporting agencies.


Once an individual becomes a customer of Marathon Mortgage Corp., the customer’s credit experience may be shared, on an ongoing basis, with other lenders and credit reporting agencies. This sharing of information is necessary to support the credit process. Personal information is used to manage risk, verify identity, make credit decisions for financing or renewal purposes, collect debts that may be owed to us, administer our files after closing and to communicate with the customer. Personal information is also used to satisfy information requests from regulators, organizations or individuals who are legally entitled to make such requests.


Marathon Mortgage Corp. may collect personal information from its customers directly or from others in order to verify identity, understand customer needs, determine suitability or eligibility of products and services, comply with applicable laws, collect on outstanding debt or administer a file.


Marathon Mortgage Corp. collects information only by fair and lawful means. Wherever possible, personal information is collected directly from the individual however, personal information may also be obtained from other sources including, but not limited to, credit bureau agencies, real estate appraisers, mortgage brokers and other financial institutions

Personal Information

Personal information is any information that identifies an individual, or by which an individual’s identity could be deduced. This includes, but is not limited to: residence address, age, gender, personal financial records, social insurance number, personal health information, personal references and employment records.

Consent

Generally, the individual will be asked to provide written consent if Marathon Mortgage Corp. collects, uses, or discloses personal information but in some circumstances, Marathon Mortgage Corp. may accept verbal consent or determine that consent is implied through the individual’s conduct.


Marathon Mortgage Corp. may collect or disclose personal information without knowledge or consent in certain circumstances including, but not limited to, when we are required or authorized by law to do so; in the case of an investigation when a breach of agreement or contravention of law is suspected; in order to help detect, prevent or deter fraud, money laundering, terrorist or other criminal activity; where it is necessary to establish or collect amounts owed to us; if we engage a third party to provide administrative services and the third party is bound by our Privacy Policy; if the information is already publicly known; or if we sell, pledge or assign a mortgage or loan, or securitize it, sell parts of our business, or merge or amalgamate with other entities we may release the information we hold to the prospective purchaser or assignee as part of due diligence and on completion of the transaction, subject to confidentiality restrictions.

Retention of Information

Marathon Mortgage Corp. will retain personal information for as long as it believes necessary to fulfil the purpose for which it was collected and to fulfil legal or business retention requirements.

Updating Your Information

Since Marathon Mortgage Corp. uses personal information to provide services, it is important that the information be accurate and up-to-date. If any information changes, Marathon Mortgage Corp. should be informed by the customer so that it can make any necessary changes.

Access to Personal Information

A customer may ask for access to any of their own personal information. Summary information is available on request but more detailed requests, which may require archive or other retrieval costs, may be subject to a reasonable administration fee.


Marathon Mortgage Corp. may deny access to personal information in some circumstances including, but not limited to: when denial of access is required or authorized by law; when granting access would have an unreasonable impact on other people's privacy; when it is subject to solicitor- client privilege; when it has already been destroyed due to legal requirements or as provided for in this Privacy Policy; or to protect Marathon Mortgage Corp. rights and property.


If Marathon Mortgage Corp. has information about a customer that the customer establishes is not accurate, complete and/or up-to-date, Marathon Mortgage Corp. will take reasonable steps to correct it.

Security

Marathon Mortgage Corp. endeavours to maintain adequate physical, procedural and technical security with respect to its offices and information storage facilities so as to prevent any loss, misuse, unauthorized access, disclosure or modification of personal information.

Communication

Any questions, concerns or complaints regarding privacy, or any requests for access to view or amend personal information, may be directed to:

Harold Kennedy          Madalena Cina
President & CEO          VP Administration & Default Management
hkennedy@marathonmortgage.ca          mcina@marathonmortgage.ca

A full name, address and telephone number should be attached to all inquiries. It should be noted that email is not a 100% secure medium and is generally unencrypted, and customers using this method of delivery should be aware of this when contacting us to send personal or confidential information.

Privacy Policy Amendments

Marathon Mortgage Corp. retains the right to amend this Privacy Policy from time to time.

 

LEGAL NOTICE


The material on this web site is provided "as is". MMC makes no warranties or representations, either express or implied, with respect to the accuracy or completeness of the contents of the web site. Information may be changed and/or updated without notice, and may contain technical inaccuracies or typographical errors. MMC will not be liable for damages of any kind arising out of, or in connection with, the use of this web site.

All communications, emails, feedback, messages and other materials transmitted to this site will be treated as non-confidential and non-proprietary.

Internet Email:
The internet is not yet a fully secure medium, and therefore confidentiality and privacy cannot be ensured. MMC will not be liable for any damages resulting from the transmission of confidential or personal information.

USE OF THIS WEB SITE SIGNIFIES YOUR AGREEMENT TO THESE TERMS OF USE.

Term of Use:
MMC websites is provided "as is" and "with all faults" and the entire risk as to the quality and performance of the MMC websites is with you. Should the materials or services prove defective, you, and not MMC, assume the entire cost of all necessary servicing and repair. MMC expressly disclaims all warranties of any kind, whether express, implied, or statutory, with respect to the MMC websites (including, but not limited to, any implied or statutory warranties of merchantability, fitness for a particular use or purpose, and non-infringement of intellectual property rights). Without limiting the generality of the foregoing, MMC makes no warranty that the MMC websites will meet your requirements or that the MMC websites will be uninterrupted, timely, secure, or error free or that defects in the MMC websites will be corrected. MMC makes no warranty as to the results that may be obtained from the use of the MMC websites or as to the accuracy or reliability of any information obtained through the MMC websites. No advice or information, whether oral or written, obtained by you through the MMC websites or from MMC, its parent, subsidiaries, or other affiliated companies, or its or their suppliers (or the respective officers, directors, employees, or agents of any such entities) (collectively, "the MMC parties") shall create any warranty. MMC disclaims all equitable indemnities.