§162.7. Reasonable and simple methods of opting out.
17 C.F.R. § 162.7
In general. A covered affiliate shall be prohibited from using eligibility information about a consumer received from an affiliate to make a solicitation to the consumer about the covered affiliate's financial products or services, unless the consumer is provided a reasonable and simple method to opt out, as required by this subpart.
Examples. Reasonable and simple methods of opting out include:
Designating a check-off box in a prominent position on an opt-out election form;
Including a reply form and a self-addressed envelope (in a mailing);
Providing an electronic means, if the consumer agrees, that can be electronically mailed or processed through an Internet Web site;
Providing a toll-free telephone number; or
Exercising an opt-out election through whatever means are acceptable under a consolidated privacy notice required under other laws.
Specific opt-out method. Each consumer may be required to opt out through a specific method, as long as that method is acceptable under this subpart.
Notes, amendments, and revision history
Authority
Authority: Sec. 1088, Pub. L. 111-203; 124 Stat. 1376 (2010).
Source
Source: 76 FR 43884, July 22, 2011, unless otherwise noted.