Data Deletion Policy

At CFI Solutions Inc, we are committed to protecting the privacy and security of the personal information we collect from our users, including farmers applying for loans on our website. As part of this commitment, we have established the following data deletion policy to ensure the appropriate handling of personal data

Purpose: This policy outlines the procedures for the deletion of personal data collected through our website and associated systems.

Scope: This policy applies to all employees, contractors, and third-party service providers who have access to personal data collected by CFI Solutions Inc.

Data Categories: Personal data subject to deletion includes but is not limited to:

• Applicant information provided during the loan application process.
• Contact details such as name, address, email, and phone number.
• Financial information provided for loan consideration.
• Any other information collected during the application process.

Deletion Procedure:

• Upon completion of the loan application process, personal data of applicants will be securely stored for a period of [insert retention period] unless otherwise required by law or for legitimate business purposes.
• At the end of the retention period or upon request for deletion by the applicant, personal data will be securely deleted from our systems.
• Deletion procedures will be implemented using industry-standard methods to ensure the irretrievable removal of data from our databases and backups.

Exceptions:

• Personal data may be retained for longer periods if required by applicable laws or regulations.
• Data necessary for ongoing business operations, legal obligations, or defense against potential legal claims may be exempt from deletion.
• Aggregated or anonymized data that does not personally identify individuals may be retained indefinitely for analytical or reporting purposes.

Data Security:

• All deletion procedures will be carried out in compliance with our data security protocols to prevent unauthorized access or disclosure.
• Access to personal data for deletion purposes will be restricted to authorized personnel only.

Review and Updates:

• This data deletion policy will be reviewed periodically to ensure its effectiveness and compliance with applicable laws and regulations.
• Updates or modifications to the policy will be communicated to relevant stakeholders.

Enforcement:

• Failure to comply with this data deletion policy may result in disciplinary action, up to and including termination of employment or contract.
• By adhering to this data deletion policy, CFI Solutions Inc aims to uphold the trust and confidence of our users by safeguarding their personal information.