HERE’S WHERE THE CPN THEORIES DIE.
This is the best way to reword the law so it makes sense, in natural, human, everyday language:
“You lose no rights by failing to provide your social security number.”
The privacy act does not apply to private transactions, such as borrowing money from a private lending institution.
You have no right, benefit or privilege to a loan from a private lending institution.
When a bank asks for your social security number, you must give it, otherwise;
The bank can deny your loan if you fail to give your social security number.
If the bank asks for your social security number you provide something else, you lied.
If you lie on a loan application, that’s bank fraud.