Responsible Lending

Home Savings of America is dedicated to responsible lending, and we are proud to support industry efforts to limit abusive, predatory, or unfair practices in the mortgage lending community. Our Responsible Lending Policy is the cornerstone of our commitment to eliminating these types of practices.

Responsible Lending Policy
We do not originate or purchase loans considered “High Cost” pursuant to the federal Home Ownership and Equity Protection Act of 1994 (HOEPA)—Commonly known as “Section 32” loans – or our pursuant to state, county. Or city “High Cost”, “Covered Loan”, or similar laws, however such laws or terms are labeled or referenced. Also, we so not originate or purchase loans considered “High Cost” or “High Risk” by the Federal National Mortgage Association (FNMA) in accordance with their Announcements 06-04 and 06-23.

We expect our loan consultant to exercise their fiduciary duty to the applicant to disclose all loan fees properly and to avoid steering the applicant into inappropriate loan programs. The loan consultant is accountable for choosing the best loan program for the applicant, considering all of the applicant’s particular circumstances.

We adhere to individual government loan programs requirements that may have additional fee restrictions above and beyond legal limits.

Equal Housing Lender Statement

We do Business in Accordance with Federal Fair Lending Laws.

UNDER THE FEDERAL FAIR HOUSING ACT, IT IS ILLEGAL, ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, HANDICAP, OR FAMILIAL STATUS (HAVING CHILDREN UNDER THE AGE OF 18), TO:

Deny a loan for the purpose of purchasing, constructing, improving, repairing, or maintaining a dwelling, or to deny any loan secured by a dwelling;
or
Discriminate in fixing the amount, interest rate, duration, application procedures, or other terms or conditions of such a loan, or in appraising property.

IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:

The Assistant Secretary for Fair Housing and Equal Opportunity
Department of Housing and Urban Development
Washington, DC 20410
For processing under the Federal Fair Housing Act

AND TO:

The Office of Thrift Supervision
225 E. John Carpenter Freeway, Suite 500
Irving, TX 15062-2326

UNDER THE EQUAL CREDIT OPPORTUNITY ACT, IT IS ILLEGAL TO DISCRIMINATE IN ANY CREDIT TRANSACTION

On the basis of race, color, national origin, religion, sex, marital status, or age;
Because income is from public assistance; or
Because a right has been exercised under the Consumer Credit Protection Act.
IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:

Office of Thrift Supervision
25 E. John Carpenter Freeway, Suite 500
Irving, TX 15062-2326

NOTICE OF YOUR FINANCIAL PRIVACY RIGHTS
This is our privacy notice for our customers. When we use the words “you” and “your” we mean the following types of customers:

All of our consumer customers who have a continuing relationship with us, such as:
Deposit account
Loan account
Safe deposit box
Self-directed Individual Retirement Account where we act as custodian or trustee

We will tell you the sources for nonpublic personal information we collect on our customers. We will tell you what measures we take to secure that information. We first define some terms.

We, our,and us means Home Savings of America. Nonpublic personal information means information about you that we collect in connection with providing a financial product or service to you. Nonpublic information that is available from public sources, such as telephone directories or government records.

An affiliate is a company we own or control, a company that owns or controls us, or a company that is owned or controlled by the same company that owns or controls us. Ownership does not mean complete ownership, but means owning enough to have control.

A nonaffiliated third party is a company that is not an affiliate of ours.

THE INFORMATION THAT WE COLLECT

We collect nonpublic personal information about you from the following sources:
Information we receive from you on applications or other forms
Information about your transactions with us
Information about your transactions with nonaffiliated third parties
Information from a consumer reporting agency

We do not disclose any nonpublic personal information about you to anyone, except as authorized by law.

THE CONFIDENTIALITY, SECURITY AND INTEGRITY OF YOUR NONPUBLIC PERSONAL INFORMATION

We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.

NONPUBLIC PERSONAL INFORMATION AND NONAFFILIATED THRID PARTIES

Since we value our customer relationship with you, we will not disclose your nonpublic personal information to nonaffiliated third parties, except as permitted by law.

NONPUBLIC PERSONAL INFORMATION AND FORMER CUSTOMERS

We do not disclose nonpublic personal information about former customers.