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Evaluna Posted 21 years ago
Letter Writing

PLEASE, CHECK THIS PARAGRAPH

Based on this contract, the borrower explicitly allows the bank to use, keep and process all the information on this contract and the borrower himself obtained in business relationship between the borrower and the bank, and to export this information to other companies within the XY BANK group and other companies that are related to the bank in the sense of the Banking Act, as well as to the insurance companies and agency from the article 6, point 2 and from the article 4 of this contract. The bank can also demand this information from the related companies, and has the right to demand, obtain, and give them to the companies that are engaged in determination of credit rating and financial discipline.

Thanks and regards.

eva
  

Top answer

Eva, This is hard to check since contract language is confusing by nature(run-on sentences, etc). Here are some suggestions( in bold ) that may clear up the paragraph a little. By signing/submitting this contract the borrower explicitly allows the bank to use, keep and process all the information on this contract and other personal information obtained in the business relationship between the borrower and the bank .

— Hnmedcom

  • Eva, This is hard to check since contract language is confusing by nature(run-on sentences, etc).
  • Here are some suggestions( in bold ) that may clear up the paragraph a little.
  • By signing/submitting this contract the borrower explicitly allows the bank to use, keep and process all the information on this contract and other personal information obtained in the business relationship between the borrower and the bank .
  • The bank is allowed to disclose this information to other companies within the XY BANK group, the bank's affiliates , insurance companies and agenc ies from the article 6, point 2 and from the article 4 of this contract, as well as to share information with credit bureaus and other companies that determine credit rating and financial discipline.
  • The bank can also acquire information from other companies that are involved in this application.
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2 Answers
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Eva,
This is hard to check since contract language is confusing by nature(run-on sentences, etc). Here are some suggestions(in bold) that may clear up the paragraph a little.

By signing/submitting this contract the borrower explicitly allows the bank to use, keep and process all the information on this contract and other personal information obtained in the

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