Patriot Act Cip Form PDF Details

In the wake of efforts to combat the financing of terrorism and money laundering, the CIP Patriot Act Disclosure Form plays a critical role within the United States' financial landscape, especially for those embarking on the journey of opening a new mortgage loan account. This form embodies the requirements set forth by federal law, which mandates all financial institutions to adhere to a stringent process of obtaining, verifying, and recording personal information from individuals who seek to initiate any mortgage loan dealings. The essence of this procedure is not merely an administrative formality but a concerted stride towards enhancing national security and financial transparency. For prospective loan applicants, this signifies a few key steps at the onset of their application process: providing basic yet crucial details such as name, address, date of birth, alongside presenting valid identification documents like a driver's license. Despite its primary goal of identity verification under Section 326 of the USA Patriot Act, it's important to note that the information gathered through this form doesn't influence the credit decision on the loan application. This blend of regulatory compliance and customer identification underscores the dual aim of safeguarding individuals' financial transactions and the broader financial system, all the while contributing to a safer, more secure society.

Form NamePatriot Act Cip Form
Form Length2 pages
Fillable fields0
Avg. time to fill out30 sec
Other namesverification, laundering, implementing, CIP

Form Preview Example

CIP Patriot Act Disclosure Form



To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens a mortgage loan account.

What this means to you: When you open a mortgage loan account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

The information being requested and observed is for compliance with the requirements of Section 326 of the USA Patriot Act implementing customer identification and verification requirements. The information in no way will be used in making the credit decision on your completed application.

This disclosure was reviewed with applicant by:

Face-to-to face interview

By Mail

By Telephone

Via Internet


Loan Officer Signature


Loan Officer Name (print)


Date of Signature

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Document # 3244




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