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

A notice must be given to a consumer before the institution discloses any nonpublic personal information about the consumer to a nonaffiliated third party, unless the disclosure is on the exempt list
That it includes Federal, state and local government records
A notice is not required to be given to a consumer who is not a customer if the financial institution does not disclose any nonpublic personal information about the consumer to any nonaffiliated third party, other than as authorized by this regulation
That the information is of the type that is available to the public
Only one notice is required to be provided on joint accounts. Therefore only one notice need to be provided to consumer loan customers even if there is more than one borrower and even if there is a separate guarantor
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
All of these
That a list of names, addresses of consumers of an organization that is not a financial institution

Answer(s): B,B

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

Answer(s): B,C

Initial privacy notice-12CFR332.4; 12CFR40.4; 12 CFR 216.4; 12 CFR 573.4 says that:

A notice must be given to a consumer before the institution discloses any nonpublic personal information about the consumer to a nonaffiliated third party, unless the disclosure is on the exempt list
A notice is not required to be given to a consumer who is not a customer if the financial institution does not disclose any nonpublic personal information about the consumer to any nonaffiliated third party, other than as authorized by this regulation
Only one notice is required to be provided on joint accounts. Therefore only one notice need to be provided to consumer loan customers even if there is more than one borrower and even if there is a separate guarantor
All of these

Answer(s): D

Initial privacy notice-12CFR332.4; 12CFR40.4; 12 CFR 216.4; 12 CFR 573.4 says that:

A notice must be given to a consumer before the institution discloses any nonpublic personal information about the consumer to a nonaffiliated third party, unless the disclosure is on the exempt list
A notice is not required to be given to a consumer who is not a customer if the financial institution does not disclose any nonpublic personal information about the consumer to any nonaffiliated third party, other than as authorized by this regulation
Only one notice is required to be provided on joint accounts. Therefore only one notice need to be provided to consumer loan customers even if there is more than one borrower and even if there is a separate guarantor
All of these

Answer(s): D

Annual privacy notices are not required to be given to former customers, including cases where:

A deposit account is active
A customer pays a load in full or institution charges off the loan
The institution no longer provides any open-end statements or notices to the customer
None of these

Answer(s): B,C

Free CRCM Exam Braindumps CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) Questions 213–215 (page: 128)