Sample Opt Out Disclosure
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How to fill out Sample Opt Out Disclosure?
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Categories of information disclosed. For example, information from an application, such as name, address, and phone number; Social Security number; account information; and account balances. Categories of affiliates and nonaffiliated third parties to whom you disclose the information.
Data covered by the GLBA includes non-public personal information or personally identifiable information, such as names, addresses, and phone numbers, bank and credit card account numbers, income and credit histories, and Social Security numbers of customers.
The notice must include a description of the type of info that the financial institution may disclose, and "reasonable means" to opt-out, such as opt-out forms or toll-free telephone numbers to representatives who will accept the opt-out information.
(1) For customers, the initial privacy notice must be provided at the time of establishing a customer relationship. (2) For consumers who are not customers, the initial privacy notice must be provided prior to disclosing nonpublic personal information about the consumer to a nonaffiliated third party.
You must provide a clear and conspicuous notice to customers that accurately reflects your privacy policies and practices not less than annually during the continuation of the customer relationship. Annually means at least once in any period of 12 consecutive months during which that relationship exists.
You can opt out of receiving these prescreened offers by calling 1-888-567-8688. If you want to opt out of information sharing, you must follow the directions provided by your financial company. For example, you may have to call a toll-free number or fill out a form and return the form to the company.
(g) Duration of consumer's opt out direction. (1) A consumer's direction to opt out under this section is effective until the consumer revokes it in writing or, if the consumer agrees, electronically.
Under the Gramm-Leach-Bliley Act, a financial institution must provide its customers with a notice of its privacy policies and practices, and must not disclose nonpublic personal information about a consumer to nonaffiliated third parties unless the institution provides certain information to the consumer and the
