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Finley is training a new MLO on GLBA privacy requirements requirements. Which statement is accurate?

Correct Answer

D) 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
Rely on oral agreement when the rule requires documented compliance.
D
Follow privacy notice and opt-out requirements

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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