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The loan applicant understands and expressly consents that BOI may share any information, records or data provided in accessing the loan with relevant third parties such as the NCDMB, credit bureaus, consultants, other financial institutions, regulators, ports and law enforcement agencies, amongst others.
The information exchanged will include the status of the applicant in relation to its credit history as to whether it is performing or in default as well as every other information that will enable BOI to reach a fair conclusion on the application.
Applicant further understands that this exchange will enable BOI to broaden its product offering and improve the quality of its services to customer.
Accordingly, any or all information so shared in relation to applications are given in good faith without liability whatsoever on the part of BOI or any of its staff.