Gramm-Leach-Bliley Act/Patriot Act

Unless they ask not to be called again, a company may call someone whom they have an established business relationship with for...

18 months after consumer's last purchase, delivery or payment

If someone on the DNC Registry submits an inquiry or application to a company the company may call them for...

3 months

The Do Not Call Registry must place someone on said list within...

31 days

The legal calling hours are...

8 a.m.-9 p.m. in time zone of consumer being called

This law requires that identification be required on mortgage transactions and helps detect terrorism...

Patriot Act

The Safeguard Rule requires...

a company to have a written program to keep a client's records safe

NPI includes...

bank account information, credit card information, social security number and loan account information

Someone who obtains a financial service or product from a financial institution for personal, family or household reasons in a one-time transaction is known as a...

consumer

Someone with a continuing relationship with a financial institution is known as a...

customer

The opt-out rule requires...

financial institutions to protect NPI

Penalty per violation of Do Not Call Act is...

$16,000 per incident

Pretexting rule prohibits...

impersonating someone to fraudulently use their personal information under false pretenses, also prohibits use of forged, counterfeit, lost or stolen documents to obtain customer information

Privacy notices must be delivered to consumers/customers...

in writing, may be electronic if they consent

Minimum data required by the Patriot Act includes...

name, DOB, residential/work address, tax ID number for U.S. citizens

The purpose of GLB is to...

protect confidentiality of non-public personal information(NPI)

The three arms to GLBA are:

safeguarding rule, opt-out(financial privacy) rule, pretexting rule

For non-U.S. citizens the following are required...

tax ID number, government issued certificate of existence or good standing

Violations of GLBA may be punishable by...

up to 10 years in prison