Disclosures

The USA Patriot Act was created by our federal government in response to the September 11, 2001 terrorist attacks. Section 326 of the Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person who either opens an account or makes changes to an existing account. This information is used to assist the United States government in the fight against the funding of terrorism and money-laundering activities.

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.

These requirements apply to both new customers and existing customers. We apologize for any inconvenience this may cause, but we are prohibited by the law from waiving these requirements.

It is the policy of Hometown Bank of Pennsylvania to comply with the letter and the spirit of all applicable state and federal consumer protection laws and regulations.

The federal fair lending laws are actually a group of laws that prohibit discrimination in credit transactions, including transactions related to residential real estate. These laws include the Fair Housing Act, Equal Credit Opportunity Act, Community Reinvestment Act, and the Home Mortgage Disclosure Act.

In accordance with the fair lending laws, Hometown Bank of Pennsylvania is committed to promoting fair housing choice and will not discriminate against any person on the basis of race, creed, color, national origin, ancestry, sex, marital status, age, lawful source of income, family status, learning disability, physical or mental disability, or sexual orientation.

The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) is a federal law designed to enhance consumer protection and reduce fraud in the mortgage lending industry. The SAFE Act requires that all individual mortgage loan originators or MLOs be registered with the Nationwide Mortgage Licensing System and Registry or NMLS. View the Hometown Bank employees registered with NMLS.

The Departments of Treasury, Labor and Health and Human Services (“HHS”) (jointly “the Departments”) released final rules for Transparency in Coverage (“TiC”) (85 FR 72158) in October 2020 (officially published in November 2020), adding dramatic new disclosure requirements on health plans, insurers and hospitals.   Originally effective January 1, 2022, regulators postponed enforcement for plan years between January and July 2022 until July 1, 2022. For plans years following July 2022, the effective date is the first day of the plan year.  For more information please visit Hometown Bank's plan information by clicking on the link below.