Financial companies choose how they share your information. Federal law gives borrowers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your information. Please read this notice carefully to understand what we do.
The types of information we collect and share depend on the product or service you have with us.
This information can include:
• Social Security number and income
• Account balances and account transactions
• Credit scores and payment history
How we protect your information: To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files. Additionally, GAC requires and trains its employees to comply with its privacy standards and policies, which are designed to protect customer information.
All financial companies need to share customers' information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information, the reasons GAC chooses to share, and whether you can limit this sharing.
This notice is provided by: Green Acquisition Corporation, GAC Commercial Southeast, Inc., GAC Carolinas, Inc., GAC Commercial Aircraft Leasing, LLC, GA Capital, LLC, GAC Land Company, Inc., Transportation Leasing Associates, Inc., and Commercial Aerospace Capital Ltd.
How we collect your information; We collect your information, for example, when you • open an account or deposit money • pay your loan payment or apply for a loan. We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why you can't limit sharing; Federal law gives you the right to limit only • sharing for affiliates' everyday business purposes - information about your creditworthiness • affiliates from using your information to market to you • sharing for non-affiliates to market to you State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.
Affiliates: Companies related by common ownership or control. They can be financial and non-financial companies. • Our affiliates include companies with the GAC name.
Non-Affiliates: Companies not related by common ownership or control. They can be financial and non-financial companies. • GAC does not share with non-affiliates so they can market to you.
Effective June 1st 2019
WHAT PERSONAL DATA WE COLLECT AND WHY
We collect various types of personal data about our clients and business contacts
As a financial company, we have a legal obligation to carry out due diligence on our customers in compliance with various anti-money laundering, anti-terrorism, anti-bribery and anti-corruption, tax and other similar legislation prior to providing services to a customer. To do this, we may request personal data relating to our corporate customer’s officers, authorised signatories, direct/indirect shareholders, trustees, settlors, protectors and beneficial owners. We may also process the personal data of the directors of any parent or subsidiary that provides our clients with credit support. This may include copies of:
(a) a passport
(b) a driver's license;
(c) a national identity card;
(d) any other form of ID, including copies of bank statements or utility bills; and
(e) the results of searches run by third parties or against publicly available information where such results may include the following categories of personal data: name, address, date of birth, directorships, convictions, disqualifications and notices of correction.
As our current or potential business contact we consider it to be in our legitimate business interest to process your name and contact details for the following purposes:
(a) business development;
(b) marketing to you; and
(c) providing you with promotional material.
HOW WE SOURCE YOUR PERSONAL DATA
We may obtain your personal data directly from you or from a company with which you are associated as an officer or shareholder by filling in any of our forms, or any forms on our website at greenacquisitioncorporation .com or gacapital.net
We may also obtain your personal data from publicly available sources, third parties, or through your use of our website.
SHARING OF YOUR PERSONAL DATA
We may disclose your personal data to any member of the Green Acquisition Corporation family of companies to facilitate:
(a) the account opening process;
(b) carrying out global AML/KYC processes; or
(c) storage of personal data.
We may also disclose personal data to trusted third parties to enable them to:
(a) carry out personal searches on company officers and shareholders of corporate bodies;
(b) conduct checks with a licensed credit reference agency and fraud prevention agency;
(c) provide us with IT systems and services; and
(d) send promotional and informational material on our behalf.
We may, as may the Green Acquisition Corporation family of companies (our parent company), disclose personal data to comply with any legal or regulatory obligation, including to enforce any contracts with us or any company within the Green Acquisition Corporation family of companies, to comply with a code of conduct or to protect the rights, property, or safety of the Green Acquisition Corporation, and may include disclosing personal data required from us by governmental or law enforcement authorities or a trade association of which we are a member.
We may also use and disclose personal information as authorised by you when you provide that information to us.
In the event that we sell or buy any business or assets, we may disclose your personal information to the prospective seller or buyer of such business or assets. If GAC, or substantially all of its assets, are acquired by a third party, personal data held by us will be one of the transferred assets.
HOW LONG DO WE KEEP YOUR PERSONAL DATA?
We retain personal data only for as long as necessary for the purposes for which the data was collected, except where necessary to meet our legal obligations (for example, in relation to governmental requirements) or in order to establish, exercise or defend potential legal claims.
You have the following rights:
(a) to obtain access to your personal data - you may request information on how your personal data is handled by us and request a copy of such personal data;
(b) to request us to correct or update your personal data if it is inaccurate or out of date;
(c) to object to the processing of your personal data for the purposes of our legitimate interests, unless we:
(i) demonstrate compelling legitimate grounds which override your right to object, or
(ii) the processing is necessary for the establishment, exercise or defense of legal claims;
(d) to erase your personal data held by us:
(i) which are no longer necessary in relation to the purposes for which they were collected,
(ii) to the processing of which you object, or
(iii) which may have been unlawfully processed by us;
(e) to restrict processing by us, i.e. the processing will be limited to storage only:
(i) where you oppose to deletion of your personal data and prefer restriction of processing instead, or
(ii) where you object to the processing by us on the basis of its legitimate interests (see paragraph above); and
(f) to transmit personal data you submitted to us back to you or to another organisation in certain circumstances.
The right to erasure, to restrict processing and to transmit personal data listed above may not apply in cases where the processing is necessary for compliance with our legal obligation or the establishment, exercise or defense of legal claims.
Where processing of your personal data is based on your consent you have the right to withdraw your consent at any time, this will not affect the lawfulness of processing based on your consent prior to withdrawal.