Why does Fidelity need my SSN - The DIS Discussion Forums

jp02 · 03-05-2013, 02:29 AM

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!

z28wiz · 03-05-2013, 05:46 AM

Patriot act and I know disney needs it as well.

Pirate Granny · 03-05-2013, 07:56 AM

We had to provide all 5 SS# to TS for all three of our contracts

SOBDOSNV · 03-07-2013, 08:33 PM

We just bought from TTS and we didn't provide ours.

Pirate Granny · 03-07-2013, 09:37 PM

Well I just checked and it on the Disney closing papers

LisaS · 03-07-2013, 10:20 PM

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.

WebmasterDoc · 03-07-2013, 10:28 PM

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.

bethifoody · 03-08-2013, 01:18 PM

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.)

emgal · 03-08-2013, 01:33 PM

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.

disneynutz · 03-08-2013, 01:43 PM

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.

Bill

bethifoody · 03-08-2013, 01:45 PM

Well, we paid cash for our points, so no mortgage involved on our end.

Scotch · 03-09-2013, 01:07 AM

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.

03-05-2013, 02:29 AM	#1
jp02 Mouseketeer Join Date: Jan 2011 Posts: 180	Why does Fidelity need my SSN 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! __________________ OKW & BWV Owner

03-05-2013, 05:46 AM	#2
z28wiz WDW ROCKS With all the clapping going on, the TF hopes that z28wiz doesn't have "clapper" lamps in his house!!!!! Join Date: Feb 2003 Location: PA Posts: 589 Paid DVC Rent/Trade Gold Membership	Patriot act and I know disney needs it as well. __________________ CBR-7/02, POR-5/03,DCL WONDER 5/6/04-5/9/04, CBR 5/9/04-5/16/04, CORONADO SPRINGS 4/4/05-4/9/05 (HONEYMOON), WL- 4/9/05-4/16/05(HONEYMOON), CBR-12/2/05-12/10/05, WL-3/30/06-4/6/06, DL PARADISE PIER-6/13/08-6/17/08 HHI 4/29/10-5/1/10, AKLV 05/01/10-05/08/10 (Boys first trip), SSR 12/4/10-12/10/10, WLV 4/22-4/28/11 & DCL DREAM 4/28/11-5/1/11,HHI 8/22-8/28/11 ART OF ANIMATION 1/21-1/22 DCL DREAM 1/22-1/26/12 & BLT 1/26-1/29/12.DCL MAGIC 6/15/12-6/17 DCL DREAM 8/5/12-8/10/12, BCV 10/3/12-10/9/12 DCL FANTASY 01/19/13-01/26/13, WLV 8/2013 BWV 10/2013

03-05-2013, 07:56 AM	#3
Pirate Granny DIS Veteran Join Date: Sep 2007 Location: Michigan Posts: 599	We had to provide all 5 SS# to TS for all three of our contracts __________________

03-07-2013, 08:33 PM	#4
SOBDOSNV Mouseketeer Join Date: Apr 2001 Location: Grovetown, GA Posts: 205	We just bought from TTS and we didn't provide ours. __________________ AKV 2009 OKW 2010

03-07-2013, 09:37 PM	#5
Pirate Granny DIS Veteran Join Date: Sep 2007 Location: Michigan Posts: 599	Well I just checked and it on the Disney closing papers __________________

03-07-2013, 10:20 PM	#6
LisaS DIS Veteran Join Date: Feb 2005 Location: MA & AKV/BWV/VWL Posts: 9,352	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. __________________ AKV Kidani Village 1BR Model: http://s149.photobucket.com/albums/s...ani%20Village/ AKV Kidani Village Studio Model: http://s149.photobucket.com/albums/s...ani%20Village/

03-07-2013, 10:28 PM	#7
WebmasterDoc Administrator Join Date: Aug 1998 Location: Indiana Posts: 28,308	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. __________________ Doc

03-08-2013, 01:18 PM	#8
bethifoody Mouseketeer Join Date: Feb 2007 Location: Michigan Posts: 227	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.)

03-08-2013, 01:33 PM	#9
emgal Earning My Ears Join Date: Feb 2013 Posts: 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.

03-08-2013, 01:43 PM	#10
disneynutz Earning My Ears One At A Time Join Date: Dec 2006 Location: North Texas Posts: 14,275	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. Bill __________________

03-08-2013, 01:45 PM	#11
bethifoody Mouseketeer Join Date: Feb 2007 Location: Michigan Posts: 227	Well, we paid cash for our points, so no mortgage involved on our end.

03-09-2013, 01:07 AM	#12
Scotch DIS Veteran Join Date: May 2001 Location: Pacific NW Posts: 1,038	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.

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