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Question 205

An institution must take steps to determine that information is lawfully made available to the public, including a determination:

That it includes Federal, state and local government records

That the information is of the type that is available to the public

Whether the individual can direct that the information not be made available to the public, and, if so, that the consumer has not done so

That a list of names, addresses of consumers of an organization that is not a financial institution

Correct Answer: A, C

In ensuring that information is lawfully made available to the public, an institution must confirm that it includes Federal, state, and local government records, as these are commonly available under laws such as the Freedom of Information Act (FOIA). Additionally, the institution must verify whether an individual has the ability to restrict access to their information, and if the consumer has opted not to do so, which aligns with privacy regulations that often give individuals control over their personal information.

Discussion

Cam22Option: B

Institutions must take steps to determine that information is lawfully made available to the public, which includes verifying that the information in question is of the type that is legitimately accessible to the public. This verification ensures compliance with privacy regulations such as the Gramm-Leach-Bliley Act (GLBA) and Regulation P.