Expert Advice Community

Guest

GDPR implications

  Quote
Guest
Guest user Created:   May 24, 2018 Last commented:   May 24, 2018

GDPR implications

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. ?
0 0

Assign topic to the user

EU GDPR DOCUMENTATION TOOLKIT

Step-by-step implementation for smaller companies.

EU GDPR DOCUMENTATION TOOLKIT

Step-by-step implementation for smaller companies.

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//

Quote
0 0

Comment as guest or Sign in

HTML tags are not allowed

May 24, 2018

May 24, 2018

Suggested Topics

Guest user Created:   May 01, 2018 EU GDPR
Replies: 1
0 0

Data transfer

Guest user Created:   Jun 09, 2022 EU GDPR
Replies: 1
0 0

GDPR Questions