A financial institution may provide a customer with a short form initial notice at the same time as it delivers an opt-notice. The short form notice must:
A financial institution may provide a customer with a short form initial notice at the same time as it delivers an opt-notice. The short form notice must:
A financial institution may provide a customer with a short form initial notice at the same time as it delivers an opt-notice. The short form notice must be clear and conspicuous to ensure the customer easily understands the information (requirement fulfilled by option A). Additionally, it must state that a privacy notice is available on request (requirement fulfilled by option B) and explain a reasonable means by which the consumer may obtain that notice (requirement fulfilled by option C). Option D is irrelevant as the notice is not meant to be disclosed to affiliates.
The actual question is wrong. This is what the book says: Short-form initial notice with opt-out option A financial institution may provide a consumer who is not a customer with a short form initial notice at the same time as it delivers an opt-out notice. The short form not
The short form initial notice provided by a financial institution must indeed be clear and conspicuous to ensure that the customer can easily understand the information being presented. This helps ensure transparency and effective communication about privacy policies. While options B and C are components of the initial notice, they are not specific to the short form initial notice. Option D is incorrect as short form notices are not disclosed to affiliates but are provided directly to customers.