Why does Fidelity need my SSN

Discussion in 'Purchasing DVC' started by jp02, Mar 5, 2013.

  1. jp02

    jp02 Mouseketeer

    Joined:
    Jan 6, 2011
    Messages:
    190
    I received my contract today from Fidelity and the paperwork has a spot for me to include my SSN. I recently purchased DVC (still waiting to close, but have passed ROFR) using TTS and they didn't need my social. Just curious because I am always reluctant to provide my SSN. Thanks!
     
  2. Avatar

    DIS Sponsor The Official Ticket Center is Orlando’s #1 discount attraction ticket agency, selling millions of Walt Disney tickets around the world.



    to hide this adverts.
  3. z28wiz

    z28wiz DIS Veteran DVC Gold

    Joined:
    Feb 6, 2003
    Messages:
    747
    Patriot act and I know disney needs it as well.
     
  4. Pirate Granny

    Pirate Granny DIS Veteran

    Joined:
    Sep 5, 2007
    Messages:
    1,145
    We had to provide all 5 SS# to TS for all three of our contracts
     
  5. SOBDOSNV

    SOBDOSNV Mouseketeer

    Joined:
    Apr 28, 2001
    Messages:
    200
    We just bought from TTS and we didn't provide ours.
     
  6. Pirate Granny

    Pirate Granny DIS Veteran

    Joined:
    Sep 5, 2007
    Messages:
    1,145
    Well I just checked and it on the Disney closing papers
     
  7. LisaS

    LisaS DIS Veteran

    Joined:
    Feb 7, 2005
    Messages:
    10,334
    Push back and see what they say. When I bought my resale contract there was a place on one of the forms for my SSN. I asked the broker why they needed it and was told that Member Services needed it so I said that I would contact MS directly and provide it myself. When I called MS (when they were putting my contract in the system) they told me they did not need it. They said some people provide it to use as a means of identification when they call MS but that I could set up a password of my own choosing instead so that's what I did.

    Perhaps things have changed since I purchased my contract but I would ask for an explanation of who needs it and why.
     
  8. WebmasterDoc

    WebmasterDoc Administrator Administrator

    Joined:
    Aug 14, 1998
    Messages:
    31,717
    Disney will require it if they are providing the mortgage (Patriot Act) otherwise, as noted by LisaS, there are other means to provide a password for access to call MS (just think - we are never asked for a SSN when logging onto the DVC Member site).

    I would ask why/if they require a SSN for a resale. Unless it is needed for credit reporting (ie ... mortgage), it is not likely required to complete a purchase.
     
  9. bethifoody

    bethifoody Mouseketeer

    Joined:
    Feb 26, 2007
    Messages:
    268
    When we bought ours through Fidelity, our paperwork asked for SSN as well. We did not give it to them, and had no trouble. (My husband is an atty. who knew very well that it wasn't needed.)
     
  10. emgal

    emgal Earning My Ears

    Joined:
    Feb 5, 2013
    Messages:
    10
    We sent our closing documents to TTS this week, and there was no mention of a SSN. I definitely would not have provided it if they did.
     
  11. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

    Joined:
    Dec 11, 2006
    Messages:
    19,357
    I have been told by several sources that the Patriot Act requires Social Security Numbers if there is a mortgage.

    Another issue is when you sell even without a mortgage, the closing company will report the transaction to the IRS and they will issue you a 1099-S. This requires a SSN.

    :earsboy: Bill
     
  12. bethifoody

    bethifoody Mouseketeer

    Joined:
    Feb 26, 2007
    Messages:
    268
    Well, we paid cash for our points, so no mortgage involved on our end.
     
  13. Scotch

    Scotch DIS Veteran

    Joined:
    May 13, 2001
    Messages:
    1,139
    A lot of closing docs have this. I've seen it for various non-DVC resales. I don't finance and always decline to provide, and so far no trouble on any of the numerous purchases over the years.
     

Share This Page