As part of the application for a loan, we require certain information and ask you to read and sign the
following privacy consent and waiver:
In respect of us providing you a credit facility and
undertaking periodic reviews, and for regulatory requirements such as the Anti-Money Laundering and Counter
Financing Terrorism Act 2009, you authorise Kings Finance Limited (the Lender) to make credit reference checks and
other enquiries within our normal procedures. For this purpose, the Lender may from time to time seek, from any such
sources and any credit reporting agency of our choice (“Credit Reporter”), information concerning you.
The Lender confirms that it may need to share information with the third party for that specific purpose, and will
collect/share this information in accordance with the Privacy Act 2020.
Credit Reporter: I understand that the Lender is asking me for personal information to use the
Credit Reporter’s credit reporting service to carry out a credit check on me. I understand that:
- The Credit Reporter will give the Lender information about me for that purpose.
- The Lender will give my personal information to the Credit Reporter, and that the Credit Reporter will hold
that information on their system and use it to provide their credit reporting service.
- When other customers of the Credit Reporter use its credit reporting service, the Credit Reporter may give the
information to those customers.
- The Lender may use the Credit Reporter’s credit reporting services in the future for purposes related to the
provision of credit to me. This may include using the Credit Reporter’s monitoring services to receive updates
if any of the information held about me changes.
- If I default in my payment obligations to the Lender, information about that default may be given to the
Credit Reporter and the Credit Reporter may give information about my default to its other customers.
Other Sources and holders of information.
- I further agree that these terms will apply to the provision of finance from the Lender.
- I consent to the personal information provided in support of the application (whether in this document or otherwise) being held by the Lender and for the information being used from time to time by the Lender for all or any of the following purposes:
- For the Lender to decide whether or not to grant a loan to me;
- Administering the loan;
- Enforcing payment and other legal obligations;
- Supplying information to other parties such as debt collection agencies, solicitors, other
creditors, government agencies such as the NZ Police or the Department of Internal Affairs, or otherwise
if required by law or our statutory auditors.
- Supplying me and guarantor(s) with information about services offered by the Lender.
- I hereby authorise all persons, including credit reporters and other sources as listed above, to provide the
Lender and its successors and assigns with such information as they may at any time request about me with
respect to items 2(a) to 2(d) above.
- Further, the Lender may provide personal information about its dealings with me (including any default in my
payment obligations to the Lender) to any third party listed in clause 2(d) above in relation to the matters
referred to in 2(a) to 2(c) above.
- Each borrower is aware and agrees specifically that the Lender provide to the guarantor any information used
by the Lender which the Lender considers should be provided also to the guarantor
- I promise that the information given in this application is correct to my best knowledge, information and
belief.
We note that I am / we are entitled to request access to, and (if required) correction of, any personal information
held about him / her by the lender.
Politically Exposed Persons (PEPs)
PEPs are individuals who are or have been, at any time in the last 12 months, entrusted with prominent public
functions in a foreign country
e.g. Heads of State or of government, senior politicians, senior government, judicial or military officials, senior
executives of state owned corporations, important political party officials.
Also - immediate family members of PEPs (spouse, partner, child, parent) or close associates (those sharing
ownership of a legal entity or arrangement) are also considered PEPs.