A processor asks how to handle a file where an outside party asks for borrower bank statements without a permissible basis. Which response is most accurate?
Correct Answer
C) Follow privacy limits before sharing nonpublic personal information
Lines 273-277; 12 CFR Part 1016 summary and Subparts A-B. Borrower nonpublic personal information is subject to privacy notices and sharing limits. Therefore, the correct response is "Follow privacy limits before sharing nonpublic personal information".
Why This Is the Correct Answer
Lines 273-277; 12 CFR Part 1016 summary and Subparts A-B. Borrower nonpublic personal information is subject to privacy notices and sharing limits. Therefore, the correct response is "Follow privacy limits before sharing nonpublic personal information".
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