COMPLIANCE STATEMENT

Effective Date: 10/25/2024

At Diversified Real Loans Brokerage, we are committed to conducting our business in compliance with all applicable state and federal laws. We ensure that all our services, including Merchant Cash Advanced, Equipment Financing, and Business Line of Credit, are offered in accordance with the regulations set forth by the authorities.

Our mission is to empower individuals with challenged credit to secure the loans they need while upholding the highest standards of integrity and professionalism. We take pride in our commitment to transparency and accountability in all our dealings.

 

 

Compliance Statement for Diversified Real Loan Brokerage

Effective Date: 10/25/2024

At Diversified Real Loan Brokerage, we are committed to conducting our business in compliance with all applicable federal, state, and local laws and regulations. This Compliance Statement reflects our dedication to maintaining the highest standards of integrity and transparency in our lending practices.

  1. Regulatory Compliance
  2. Consumer Protection Laws
    We adhere to all relevant consumer protection laws, including but not limited to:
  • Truth in Lending Act (TILA): Ensuring clear and transparent communication of loan terms, interest rates, and total loan costs.
  • Equal Credit Opportunity Act (ECOA): Providing equal access to credit without discrimination based on race, color, religion, national origin, sex, marital status, age, or because you receive public assistance.
  1. Fair Lending Practices
    We are dedicated to fair lending practices and strive to provide loans to all qualified applicants. Our policies ensure that no applicant is unfairly denied based on discriminatory factors.
  2. Anti-Money Laundering (AML) Compliance
  3. AML Program
    We have implemented an Anti-Money Laundering (AML) Compliance Program that includes:
  • Customer Due Diligence (CDD): Conducting thorough background checks on all clients to verify identity and assess risk.
  • Monitoring Transactions: Regularly monitoring loan applications and transactions for suspicious activity.
  • Reporting Obligations: Filing Suspicious Activity Reports (SARs) with the appropriate authorities as required.
  1. Data Protection and Privacy
  2. Information Security
    We prioritize the protection of our client’s personal information. Where applicable, our data protection policies comply with the Gramm-Leach-Bliley Act (GLBA) and the California Consumer Privacy Act (CCPA). We implement security measures to safeguard client information against unauthorized access, loss, or misuse.
  3. Privacy Policy
    Our Privacy Policy outlines how we collect, use, and protect personal information. Clients are encouraged to review this policy to understand our practices regarding their data.
  4. Training and Awareness

We regularly train our employees on compliance-related matters, including consumer protection, fair lending practices, and AML regulations. This training ensures all staff members understand and adhere to our compliance standards.

  1. Compliance Monitoring and Reporting

Our Compliance Officer oversees compliance with all applicable laws and regulations. This includes regular audits and reviews of our practices and procedures to ensure they remain effective and compliant.

  1. Commitment to Ethical Conduct

Diversified Real Loan Brokerage is committed to ethical business practices and integrity. We encourage clients to report any concerns regarding compliance or ethical issues directly to our Compliance Officer at [Contact Information].

Contact Information

For questions or concerns regarding our compliance practices, please contact:

Diversified Real Loan Brokerage
6501 Park of Commerce

Boca Raton, Florida 33487
Email: loanservices@drlbllc.com
Phone:(800) 219-0680

 

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