:: Oklahoma College Assistance Program :: Notice of Privacy Practices
WHY? |
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
|---|---|
WHAT? |
The types of personal information our Guaranty Agency Service Provider collects and shares depends on the product or service you have with us. This information can include Social Security number and transaction history, account balances and payment history, and credit history and credit scores. When you are no longer our customer, our Guaranty Agency Service Provider continues to share your information as described in this notice. |
HOW? |
All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons OCAP chooses to share; and whether you can limit this sharing. |
Reasons for sharing information |
Does OCAP do this? |
Can you limit this sharing? |
|---|---|---|
For our everyday business partners: Process your transactions, maintain your account, respond to court orders and legal investigations, report to credit bureaus, or otherwise with your consent. |
Yes |
No |
For marketing: To offer our products and services to you |
No |
-- |
For joint marketing with other financial companies |
No |
-- |
For our affiliates’ everyday business purposes (information about your transactions, experiences, or creditworthiness) |
No |
-- |
For other companies to market to you |
No |
-- |
Common Questions
Who are you? We may be the Oklahoma College Assistance Program (OCAP). We are the holder of one or more of your student loans. You can learn more about us at readysetrepay.org and ocap.org.
You can learn more about our Guaranty Agency Service Provider, Educational Credit Management Corporation (ECMC) at ecmc.org.
How does OCAP protect my personal information? To protect your personal information from unauthorized access, our Guaranty Agency Service Provider uses security measures that comply with federal law, like computer safeguards and secured files and buildings.
How does OCAP collect my personal information? Our Guaranty Agency Service Provider collects nonpublic personal information about you from the following sources:
- Communications, correspondence and other forms;
- Lender(s) or servicer(s) loan applications, promissory notes, correspondence and other forms;
- Transactions with us or others (e.g., third-party debt collection agencies) with respect to your OCAP-guaranteed federal student loan(s);
- School(s) you attend or formerly attended, or to which you have applied for admission;
- National consumer reporting agencies (aka credit bureaus).
Why can’t I limit all sharing? Federal law gives you the right to limit only:
- Sharing information about your creditworthiness for affiliates’ everyday business purposes.
- Sharing with affiliates to allow them to market to you.
- Sharing with nonaffiliates to market to you.
State laws and individual companies may give you additional rights to limit sharing.
How do you define affiliates? Companies related by common ownership or control. They can be financial and nonfinancial companies. OCAP does not share with our affiliates.
How do you define nonaffiliates? Companies not related by common ownership or control. They can be financial and nonfinancial companies. OCAP does not share with nonaffiliates so they can market to you.
How do you define joint marketing? A formal agreement between nonaffiliated financial companies that together market financial products or services to you. OCAP does not jointly market.
