Disclosure of institution privacy policy
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(a) Disclosure requiredAt the time of establishing a customer relationship with a consumer and not less than annually during the continuation of such relationship, a financial institution shall provide a clear and conspicuous disclosure to such consumer, in writing or in electronic form or other form permitted by the regulations prescribed under section 6804 of this title, of such financial institution’s policies and practices with respect to—
(1)
disclosing nonpublic personal information to affiliates and nonaffiliated third parties, consistent with section 6802 of this title, including the categories of information that may be disclosed;
(2)
disclosing nonpublic personal information of persons who have ceased to be customers of the financial institution; and
(3)
protecting the nonpublic personal information of consumers.