12/16/2023 0 Comments Opt in prescreen(3) If you permit each joint consumer to opt out separately, you must permit one of the joint consumers to opt out on behalf of all of the joint consumers. (ii) Permit each joint consumer to opt out separately. (i) Treat an opt out direction by a joint consumer as applying to all of the associated joint consumers or (2) Any of the joint consumers may exercise the right to opt out. Your opt out notice must explain how you will treat an opt out direction by a joint consumer (as explained in paragraph (d)(5) of this section). (1) If two or more consumers jointly obtain a financial product or service from you, you may provide a single opt out notice. For purposes of this paragraph (d), “you” is limited to financial institutions other than credit unions and financial institutions described in § 1016.3(l)(3) of this part. (d) Joint relationships in the case of financial institutions other than credit unions and covered entities subject to FTC enforcement jurisdiction. If you provide the opt out notice later than required for the initial notice in accordance with § 1016.4 of this part, you must also include a copy of the initial notice with the opt out notice in writing or, if the consumer agrees, electronically. (c) Initial notice required when opt out notice delivered subsequent to initial notice. You may provide the opt out notice together with or on the same written or electronic form as the initial notice you provide in accordance with § 1016.4. (b) Same form as initial notice permitted. You may require each consumer to opt out through a specific means, as long as that means is reasonable for that consumer. (B) The only means of opting out as described in any notice subsequent to the initial notice is to use a check-off box that you provided with the initial notice but did not include with the subsequent notice. (A) The only means of opting out is for the consumer to write his or her own letter to exercise that opt out right or You do not provide a reasonable means of opting out if: (D) Provide a toll-free telephone number that consumers may call to opt out. (C) Provide an electronic means to opt out, such as a form that can be sent via electronic mail or a process at your Web site, if the consumer agrees to the electronic delivery of information or (B) Include a reply form together with the opt out notice that, in the case of financial institutions described in § 1016.3(l)(3) of this part, includes the address to which the form should be mailed (A) Designate check-off boxes in a prominent position on the relevant forms with the opt out notice You provide a reasonable means to exercise an opt out right if you: (B) Identify the financial products or services that the consumer obtains from you, either singly or jointly, to which the opt out direction would apply. (A) Identify all of the categories of nonpublic personal information that you disclose or reserve the right to disclose, and all of the categories of nonaffiliated third parties to which you disclose the information, as described in § 1016.6(a)(2) and (3) of this part, and state that the consumer can opt out of the disclosure of that information and You provide adequate notice that the consumer can opt out of the disclosure of nonpublic personal information to a nonaffiliated third party if you: (iii) A reasonable means by which the consumer may exercise the opt out right. (ii) That the consumer has the right to opt out of that disclosure and (i) That you disclose or reserve the right to disclose nonpublic personal information about your consumer to a nonaffiliated third party If you are required to provide an opt out notice under § 1016.10(a), you must provide a clear and conspicuous notice to each of your consumers that accurately explains the right to opt out under that section.
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