Privacy Policy
This policy
explains what Indianapolis Appraisal Associates, Inc. does to keep
information obtained from you private and secure. We believe in
transparency in all of our relationships and want you to know how we
manage information.
Pursuant to the
Gramm-Leach-Bliley Act of 1999, effective July 1, 2001, Appraisers,
along with all providers of personal financial services are now required
by federal law to inform their clients of the policies of the firm with
regard to the privacy of client nonpublic personal information. As
professionals, we understand that your privacy is very important to you
and are pleased to provide you with this information.
Types of
Nonpublic Personal Information We Collect
In the course
of performing appraisals, we may necessarily collect what is known as
"nonpublic personal information" about you or your customers. This
information is used to facilitate the services that we provide to you
and may include the information provided to us by you directly or
received by us from others with your authorization. Examples of the
types of "nonpublic personal information" we may collect would be our
clients, client and customer relationship, terms or concessions of a
purchase offer or sales contract, condition of an improvement, and
estimated value of an improvement after we have appraised it.
Indianapolis Appraisal Associates, Inc. will not share your nonpublic
personal information with others. Therefore, on your behalf, we have
exercised your right to opt-out under 12 CFR Part 40, Privacy of
Consumer Financial Information.
Parties
to Whom We Disclose Information
We do not
disclose any nonpublic personal information obtained in the course of
our engagement with our clients to nonaffiliated third parties, except
as necessary or as required by law. By way of example, as permitted by
law under 16 CFR Part 313, Privacy of Consumer Financial Information, a
necessary disclosure would be to our employees or subcontractors, and in
certain situations, to unrelated third party consultants who need to
know that information to assist us in providing appraisal services to
you. All of our employees and any third party consultants we employ or
engage are informed that any information they see as part of an
appraisal assignment is to be maintained in strict confidence within the
firm. Other than data defined as public, which is accessible to all
identified and authenticated users, all data and processing resources
are only accessible on a need to know basis and distributed by company
management to specifically identified, authenticated, and authorized
entities.
Confidentiality and Security
We will retain
records relating to professional services that we have provided to you
for a reasonable time as required by law and so that we are better able
to assist you with your needs. In order to protect your nonpublic
personal information from unauthorized access by third parties, we
maintain physical, electronic, and procedural safeguards that comply
with our professional standards to insure the security and integrity of
your information. At the end of the data life cycle, any NPI that has
been stored by us will be promptly and securely disposed in accordance
with current data retention standards.
Information Security
We have in
place reasonable commercial standards of technology and operational
security designed to protect all nonpublic personal information provided
to us, from unauthorized third party access.
Enforcement
Our privacy
policy is monitored and strictly enforced. Violations of policy will be
recorded and will be used in determining vendor and subcontractor
relationships.
Review
This policy
will be reviewed annually and updated in conjunction with review of our
Company Policies and Best Practices manuals, and the mailing of the
annual privacy notice.
Trust
As financial
service providers our relationship must be built on trust. You have
chosen to do business with Indianapolis Appraisal Associates, Inc. We
value our relationship and take great pride in maintaining it, starting
with the information you share with us. Please call us any time if you
have any questions about the confidentiality of the information that you
provide us.
Effective:
1/1/2007 © Copyright, Indianapolis Appraisal Associates, Inc.
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Opt Out
Indianapolis Appraisal
Associates, Inc. will not share your nonpublic personal information with
others. Therefore, on your behalf, we have exercised your right to
opt-out under 12 CFR Part 40, Privacy of Consumer Financial Information.
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