Ethics · 18% of the SAFE exameasy
Correct answer: At the time the customer relationship is established
The Gramm-Leach-Bliley Act requires that financial institutions provide a written privacy notice at the time a customer relationship is established (not after closing or only on request). The notice must explain the institution's information-sharing practices and give customers the right to opt out of certain sharing. Periodic notices are also required thereafter, but the initial notice must be given at the outset of the relationship.
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