§ 162.7. Reasonable and simple methods of opting out.
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/us/cfr/t17/s§ 162.7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)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.
(b)Examples. Reasonable and simple methods of opting out include:
(1)Designating a check-off box in a prominent position on an opt-out election form;
(2)Including a reply form and a self-addressed envelope (in a mailing);
(3)Providing an electronic means, if the consumer agrees, that can be electronically mailed or processed through an Internet Web site;
(4)Providing a toll-free telephone number; or
(5)Exercising an opt-out election through whatever means are acceptable under a consolidated privacy notice required under other laws.
(c)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.