---
kind: "section"
citation: "17 C.F.R. § 160.14"
title: "17"
number: "160.14"
heading: "Exceptions to notice and opt out requirements for processing and servicing transactions."
url: "https://uscodex.org/cfr/17/160.14"
---

# §160.14. Exceptions to notice and opt out requirements for processing and servicing transactions.

- (a) **Exceptions for processing and servicing transactions at consumer's request.** The requirements for initial notice in [§ 160.4(a)(2)](/cfr/17/160.4.md?p=a-2), for the opt out in §§ [160.7](/cfr/17/160.7.md) and [160.10](/cfr/17/160.10.md), and for initial notice in [§ 160.13](/cfr/17/160.13.md) in connection with service providers and joint marketing, do not apply if you disclose nonpublic personal information as necessary to effect, administer, or enforce a transaction that a consumer requests or authorizes, or in connection with:
  - (1) Processing or servicing a financial product or service that a consumer requests or authorizes;
  - (2) Maintaining or servicing the consumer's account with you, or with another entity as part of an extension of credit on behalf of such entity as part of a private label credit card program or other extension of credit on behalf of such entity; or
  - (3) A proposed or actual securitization, secondary market sale or similar transaction related to a transaction of the consumer.
- (b) Necessary to effect, administer or enforce a transaction means that the disclosure is:
  - (1) Required, or is one of the lawful or appropriate methods, to enforce your rights or the rights of other persons engaged in carrying out the financial transaction or providing the product or service; or
  - (2) **Required, or is a usual, appropriate or acceptable method—**
    - (i) To carry out the transaction or the product or service business of which the transaction is a part, and record, service or maintain the consumer's account in the ordinary course of providing the financial service or financial product;
    - (ii) To administer or service benefits or claims relating to the transaction or the product or service business of which it is a part;
    - (iii) To provide a confirmation, statement or other record of the transaction, or information on the status or value of the financial service or financial product to the consumer or the consumer's agent or broker;
    - (iv) To accrue or recognize incentives or bonuses associated with the transaction that are provided by you or any other party;
    - (v) **In connection with—**
      - (A) The authorization, settlement, billing, processing, clearing, transferring, reconciling or collection of amounts charged, debited or otherwise paid using a debit, credit or other payment card, check or account number, or by other payment means;
      - (B) The transfer of receivables, accounts or interests therein; or
      - (C) **The audit of debit, credit or other payment information.**

## Notes

### Authority

Authority: 7 U.S.C. 7b-2 and 12a(5); 15 U.S.C 6801, et seq., and sec. 1093, Pub. L. 111-203, 124 Stat. 1376.

### Source

Source: 66 FR 21252, Apr. 27, 2001, unless otherwise noted.