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Before the loan advances, an operations lead must resolve a GLBA privacy requirements issue in an annual compliance meeting. What should happen?

Correct Answer

C) Follow privacy notice and opt-out requirements

Nonpublic personal information must be handled under GLBA privacy limits and notices. The best answer is "Follow privacy notice and opt-out requirements".

Answer Options
A
Use an internal exception instead of the required federal disclosure or timing rule.
B
Wait until a regulator asks for the file before applying the federal requirement.
C
Follow privacy notice and opt-out requirements
D
Rely on oral agreement when the rule requires documented compliance.

Why This Is the Correct Answer

Nonpublic personal information must be handled under GLBA privacy limits and notices. The best answer is "Follow privacy notice and opt-out requirements".

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