IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

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 an account.

What this means for you: When you open an 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.

Burke & Herbert Bank Small Business Loan Application Disclosures.
Print or save this disclosure for your records.

Consent to Receive Communications Electronically
Consent: By accepting these terms, you are consenting to receive documents related to your loan transaction, notifications, and communications electronically. If you do not consent, we will mail these documents to you. By consenting to electronic delivery of loan documents, you agree that Burke & Herbert Bank may electronically send you any and all documents and other communication in connection with your loan application (“loan”) to the email address you provided on this application.

How to Contact Us:
To request paper or non-electronic copies of documents already received, please send a written request to Burke & Herbert Bank at 300 N. Lee St., Suite 450, Attn: Small Business Lending, Alexandria, VA 22314. You also may contact us at 703-684-1655. If contacting us in writing, please identify your request by stating the purpose of your communication (i.e., “Requesting paper copy of electronic application package”).

Withdrawing Your Consent:
To withdraw your Consent and elect to receive documents and disclosures in paper form relating to your loan, please send a written request to: Burke & Herbert Bank at 300 N. Lee St., Suite 450, Attn: Small Business Lending, Alexandria, VA 22314. If contacting us in writing, please identify the purpose of your communication (i.e., “Withdrawing Consent to Electronic Disclosures”).

Limitations On Consent:
Even after you consent, you have the right to receive a paper copy of the Disclosures related to your loan. If you would like to receive a paper copy at no charge, please call us at 703-684-1655.

Hardware and Software Requirements:
You confirm that you have the necessary hardware and software to access and retain the disclosures and documents electronically. You will need a supported web browser and Adobe Reader to read attachments.

USA PATRIOT Act
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 an account. To process the application, we must have your name, street address, date of birth and other identification information, and may ask to see your driver’s license or other identifying documents. In some instances we may use outside sources to confirm the information. The information you provide is protected by our privacy policy and federal law.

Notice Of Right To Receive A Copy Of Appraisal
FOR LOANS SECURED BY FIRST LIEN ON DWELLING (1-4 unit residential structure, including co-op, condominium, or manufactured homes): We may order an appraisal to determine the property’s value and charge you for this appraisal. You have a right to a copy of the appraisal report if one was used in connection with your application for credit, even if your loan does not close.

If you wish to receive a copy of the appraisal, no later than 90 days after we notify you about the action taken on your credit application or you withdraw your application, please either send us an email at smallbusinesslending@burkeandherbertbank.com or write to us at Burke & Herbert Bank, 300 N. Lee Street, Attention: Small Business Lending, Alexandria, VA 22314. . In your email or letter, please provide us with the following information: loan or application number, date of application, name(s) of loan applicant(s), property address, and your current mailing address. If you send your request to us via email, you agree to receive the appraisal electronically.

Certification and Authorization
I/we:

• Certifies that all the information supplied in this application and in all accompanying documents (such as the Personal Financial Statement) is being given for the purpose of obtaining the credit described above.
• Specifically represents, agrees and acknowledges that: (1) the information provided in this application and all accompanying documents (such as the Personal Financial Statement) is true, accurate and complete as of the date set forth below and that any intentional or negligent misrepresentation of this information contained in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I have made on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001, et seq.; (2) the credit requested pursuant to this application (the "Loan") and any property securing the Loan will not be used for any illegal or prohibited purpose or use; (3) the Bank and the Bank's actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors or assigns (“Bank Parties”) may continuously rely on the information contained in the application, and I am obligated to amend and/or supplement the information provided in this application and/or in any accompanying documents (such as the Personal Financial Statement) if any of the material facts that I have represented herein should change prior to closing of the Loan; (4) in the event that my payments on the Loan become delinquent, the Bank, its servicers, successors or assigns may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name and account information to one or more consumer reporting agencies; (5)ownership of the Loan and/or administration of the Loan account may be transferred with such notice as maybe required by law; (6) neither the Bank nor any Bank Parties has made any representation or warranty, express or implied, to me regarding any property securing the Loan or the condition or value of such property; (7) my transmission of this application as an "electronic record" containing my "electronic signature;" as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature; and (8) documentation and communications can be sent electronically.
• Certifies that Applicant's intent is to apply for business purpose credit and such credit will be used primarily for business or commercial purposes and not for personal, family or household purposes.
• Authorizes the Bank to make all inquiries deemed necessary in connection with this credit application or in the course or review or collection of any credit extended in reliance on this application, including employment inquiries and/or obtaining consumer credit reports on any Applicant/Co-Applicant, and agrees that an electronic image of this statement shall also serve as authorization for such inquiries;
• Acknowledges that Applicant/Co-Applicant has a right to ask if a consumer credit report was requested, and if a report was requested, and if such Applicant/Co-Applicant asks, will be informed of the name and address of the consumer reporting agency that furnished such report.
• Authorizes any person, business, consumer reporting agency, or state or federal government agencies to give the Bank any information it may have on the Applicant/Co-Applicant.
• Authorizes the Bank to provide any or all of the information provided to the Bank in connection with this application to a third party credit processing service as part of the Bank's evaluation of the Applicant’s/Co-Applicant’s creditworthiness, and hereby releases the Bank from any liability for any damages sustained by Applicant/Co-Applicant in connection with the Bank's use of said third party credit processing service.
• Authorizes the Bank to furnish credit information to persons who may lawfully receive and use such information.
• Agrees to provide periodic financial information as the Bank may reasonably request as long as an obligation or guarantee of the Applicant/Co-Applicant to the Bank is outstanding.
• Agrees to notify the Bank promptly of any adverse change in Applicant’s/Co-Applicant’s financial condition.
• Acknowledges that the Bank, any owner of the Loan, its servicers, successors and assigns, may verify or re-verify any information contained in this application or obtain any information or data relating to the Applicant/Co-Applicant or the Loan, for any legitimate business purpose through any source, including a source named in this application or a consumer reporting agency.
• Agrees that submission of this application does not create a commitment to lend.