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Under the Gramm-Leach-Bliley Act (GLBA), a financial institution must provide consumers with a privacy notice that:
a.Guarantees the institution will never share any information
b.Explains its information-sharing practices and, in certain cases, offers the right to opt out
c.Is required only for commercial loans
d.Must be signed and notarized by the consumer
Giải thích
GLBA requires financial institutions to give consumers a privacy notice describing what nonpublic personal information is collected and shared, and to offer an opt-out for certain sharing with nonaffiliated third parties. It does not guarantee zero sharing, apply only to commercial loans, or require notarized signatures. The notice supports consumer control over personal financial data.
Trích dẫn luật: Gramm-Leach-Bliley ActLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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