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Product Update Notification - 12/07/09 Regulation P Policy Update Details What's New Topic 9 - Revised Privacy Notices. Includes the following subtopics: General Delivery Topic 10 - Delivering Privacy and Opt-Out Notices. Including the following subtopics: General Annual Notices Retention of Accessibility of Notices for Customers Joint Notice with Other Financial Institutions Joint Relationships Topic 13 - Relation to State Laws. Model Privacy Form Template. This new form template is now included in the purchase price of the Regulation P Policy Template product. What's Revised Topic 2 - Policy Statement. The following subtopics were revised: Purpose - Entire contents. Scope of Policy - A new first paragraph was added. Topic 3 - Definitions. The following definitions were added. Affiliate Clear and Conspicuous Company Consumer Reporting Agency Control of Company Customer Relationship Federal Functional Regulator Financial Institution Financial Product or Service Model Privacy Form Nonaffiliated Third Party The following definitions were revised: Consumer Customer Nonpublic Personal Information Personally Identifiable Financial Information Publicly Available Information Topic 5 - Initial Privacy Notice. The "Exceptions for Subsequent Delivery" subtopic was revised. In addition, the following subtopics were added: General Establishment of Customer Relationship Delivery The following subtopics were deleted: Clear and Conspicuous Notice on Web Pages Requirements to Consumers Requirements to Customers How to Provide the Initial Privacy Notice Reasonable Expectation for Receipt Retention Requirement - Customers Joint Relationships Topic 6 - Annual Notice to Customers. The "General" subtopic was revised, a new subtopic entitled "Delivery" was added, and the following subtopics were deleted: Clear and Conspicuous Requirement Terminated Customer Relationships Topic 7 - Contents of Privacy Notices. The entire contents were revised and now includes the following subtopics: General Nonaffiliated Third Parties Subject to Exceptions Categories for Nonpublic Information Short Form Initial Notice with Opt-Out Notice for Noncustomers Future Disclosures Topic 8 - Right to Opt-Out. The "Form of Opt-Out Notice" subtopic was revised. In addition, the following subtopics were added: Joint Relationships Time to Comply with Opt-Out Continuing Right to Opt-Out Duration of Consumer's Opt-Out Direction Delivery The following subtopics were deleted: General Opt-Out Provision Applies to All Consumers Providing the Notice How the Customer's Opt-Out Direction Can Be Accomplished Change in Policies or Practices Continuing Right and Duration Topic 11 - Limits on Disclosures. Formerly Topic 10 "Limits on Redisclosure and Reuse of Information", the entire contents were revised and now includes the following subtopics: Nonpublic Personal Information to Nonaffiliated Third Parties Redisclosure and Reuse of Information Limits on Sharing Account Number Information for Marketing Purposes Topic 12 - Exceptions. Formerly Topic 9 "Exceptions to Opt-Out Requirements", the entire contents were revised and now includes the following subtopics: Service Providers and Joint Marketing Processing and Servicing Transactions Other Exceptions Topic 19 - Fair Credit Reporting Act Reference. A new second to last paragraph was added. What's Deleted Topic 11 - The Sharing of Account Numbers for Marketing. Now included in Topic 11 - Limits on Disclosures. Ordering Information This product is available to purchase from Bankpolicies.com for: $375.00 - List Price - or - $50.00* - Update Price *Applies only to clients who have purchased the Regulation P Policy Template within the last three years including the following update (if applicable): Regulation P Policy Template Update - 01/30/07- $25.00 If you have ordered this product after 11/07/09 you are eligible to receive the product update at no charge. Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies). NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com. Find Out What's New or Revised with our Product Update Program Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product. We encourage you to subscribe today for this free and convenient service. |