Certified Regulatory Compliance Manager (CRCM) — Question 203

It means a direction by the consumer that the financial institution not discloses nonpublic personal information about the consumer to a non-affiliated third party, except as permitted by the regulation. What is it?

Answer options

• A. Opt-out
• B. Re-disclosure
• C. Non-affiliated
• D. Both B and C

Correct answer: A

Explanation

The correct answer is 'Opt-out' because it specifically refers to the consumer's directive to not share their information. 'Re-disclosure' pertains to sharing previously disclosed information, while 'Non-affiliated' describes third parties and does not encapsulate the consumer's directive.