We are commercial real estate lenders and sell loans to our parent bank in Germany which we later service using a master service and support risk assessment using reporting tools. The personal data for these loans is all originally collected in the U.S. and might include a list of building tenants (generally corporate but also some apartment tenants) , financial information of guarantors to the loans and contact information of people that played a role in the loan (client, law firms, property appraisers, title companies etc.) Is this something that has GDPR implications if teh data is all sourced originally from the U.S. ?
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Expert
Andrei Hanganu
May 24, 2018
Answer:
If the you are established in Germany and the personal data is processed in Germany this means that the EU GDPR is applicable because the processing activity is performed “in the Union”.
To learn more about the EU GDPR check out our free “EU GDPR Foundations Course” https://advisera.com/training/eu-gdpr-foundations-course//
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May 24, 2018
May 24, 2018
May 24, 2018