Received My Making Home Affordable Modification Agreement From Chase Bank
by Doug
In the Loan Modification Agreement contract it states that Chase Bank has nominated a private company to monitor and collect my personal information (account balances & activity). It is not specific in time. Mortgage Loan Modification Answer:by Loan Modification Expert - Dan NorthThat is a new one on me. If Chase Bank is collecting account balance and activity data it is not part of the Making Home Affordable Program. The only personal information collected that is not relevant to your mortgage is collection of data on the race, ethnicity, and sex of borrowers involved in potential loan modifications under the HAMP (Government Monitoring Data). This data you can decline to provide but Chase Bank is required to make a best guess at the data. If the data being collected is actual account balances and activity it is likely being collected anonomously but you can ask for a privacy statement that will give the details on the data collected. You can also elect to not have that data collected. You can decline to have your information collected by either crossing out that portion of the agreement and initial and date the deletion or ask that a new agreement be sent with out the data collection included. Is It Legal To collect Such |
