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:
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A. B. C. D.ABC
The question pertains to a requirement under the Gramm-Leach-Bliley Act (GLBA), a US federal law that governs the privacy and security of consumer financial information. The GLBA requires financial institutions to provide their customers with an initial privacy notice when they establish a customer relationship and an annual privacy notice thereafter.
The initial privacy notice must inform customers about the institution's privacy practices, such as what types of personal information it collects, how it uses and shares that information, and what choices customers have regarding the sharing of their information. The notice must also explain how customers can opt out of certain types of information sharing.
Under certain circumstances, financial institutions may provide customers with a short-form initial notice in addition to the regular initial notice. The short-form notice is intended to be a brief summary of the institution's privacy practices that can be provided to customers in conjunction with another notice, such as an opt-out notice.
To meet the requirements for a short-form notice, it must be clear and conspicuous and inform customers that a complete privacy notice is available on request. The notice must also explain a reasonable means by which customers can obtain the complete notice. Finally, the notice may disclose information about the institution's affiliates.
In summary, the correct answer to the question is A, B, and C. The short-form notice must be clear and conspicuous, state that a privacy notice is available on request, and explain how customers can obtain the complete notice. The notice may also disclose information about the institution's affiliates.