Source: http://www.law.cornell.edu/cfr/text/12/41.23
Timestamp: 2014-10-21 09:57:54
Document Index: 796046243

Matched Legal Cases: ['art 41', '§ 41', '§ 1', '§ 2', '§ 3', '§ 4', '§ 4', '§ 4', '§ 5', '§ 7', '§ 8', '§ 9', '§ 9', '§ 10', '§ 11', '§ 12', '§ 13', '§ 14', '§ 15', '§ 16', '§ 24', '§ 93', '§ 481', '§ 484', '§ 1818', '§ 1681', '§ 1681', '§ 1681', '§ 1681', '§ 1681', '§ 1502', '§ 1502', '§ 1681', '§ 1681']

12 CFR 41.23 - Contents of opt-out notice; consolidated and equivalent notices. | LII / Legal Information Institute
CFR › Title 12 › Chapter I › Part 41 › Subpart C › Section 41.23 12 CFR 41.23 - Contents of opt-out notice; consolidated and equivalent notices.
There is 1 rule appearing in the Federal Register for 12 CFR 41. View below or at eCFR (GPOAccess)
§ 41.23
Contents of opt-out notice.—(1) In general. A notice must be clear, conspicuous, and concise, and must accurately disclose:
The name of the affiliate(s) providing the notice. If the notice is provided jointly by multiple affiliates and each affiliate shares a common name, such as “ABC,” then the notice may indicate that it is being provided by multiple companies with the ABC name or multiple companies in the ABC group or family of companies, for example, by stating that the notice is provided by “all of the ABC companies,” “the ABC banking, credit card, insurance, and securities companies,” or by listing the name of each affiliate providing the notice. But if the affiliates providing the joint notice do not all share a common name, then the notice must either separately identify each affiliate by name or identify each of the common names used by those affiliates, for example, by stating that the notice is provided by “all of the ABC and XYZ companies” or by “the ABC banking and credit card companies and the XYZ insurance companies”
That the consumer may elect to limit the use of eligibility information to make solicitations to the consumer;
That the consumer's election will apply for the specified period of time stated in the notice and, if applicable, that the consumer will be allowed to renew the election once that period expires;
If the notice is provided to consumers who may have previously opted out, such as if a notice is provided to consumers annually, that the consumer who has chosen to limit solicitations does not need to act again until the consumer receives a renewal notice; and
Joint relationships. (i) If two or more consumers jointly obtain a product or service, a single opt-out notice may be provided to the joint consumers. Any of the joint consumers may exercise the right to opt out.
The opt-out notice must explain how an opt-out direction by a joint consumer will be treated. An opt-out direction by a joint consumer may be treated as applying to all of the associated joint consumers, or each joint consumer may be permitted to opt-out separately. If each joint consumer is permitted to opt out separately, one of the joint consumers must be permitted to opt out on behalf of all of the joint consumers and the joint consumers must be permitted to exercise their separate rights to opt out in a single response.
It is impermissible to require all joint consumers to opt out before implementing any opt-out direction.
Alternative contents. If the consumer is afforded a broader right to opt out of receiving marketing than is required by this subpart, the requirements of this section may be satisfied by providing the consumer with a clear, conspicuous, and concise notice that accurately discloses the consumer's opt-out rights.
Model notices. Model notices are provided in appendix C of this part.
Coordinated and consolidated notices. A notice required by this subpart may be coordinated and consolidated with any other notice or disclosure required to be issued under any other provision of law by the entity providing the notice, including but not limited to the notice described in section 603(d)(2)(A)(iii) of the Act and the Gramm-Leach-Bliley Act privacy notice.
Equivalent notices. A notice or other disclosure that is equivalent to the notice required by this subpart, and that is provided to a consumer together with disclosures required by any other provision of law, satisfies the requirements of this section.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 12 - BANKS AND BANKING§ 1 - Office of the Comptroller of the Currency§ 2 - Comptroller of the Currency; appointment; term§ 3 - Oath of Comptroller§ 4 - Deputy Comptrollers§ 4a - Delegation of authority by Comptroller§ 4b - Deputy Comptroller for the supervision and examination of Federal savings associations§ 5, 6 - Repealed.§ 7 - Chief of examining division§ 8 - Clerks§ 9 - Additional examiners, clerks, and other employees§ 9a - Repealed.§ 10 - Salaries of Deputy Comptrollers, examiners, and other employees as part of bank examination expenses§ 11 - Interest in national banks§ 12 - Seal of Comptroller§ 13 - Rooms for Currency Bureau§ 14 - Report of Comptroller§ 15 - Repealed. Aug. 7, 1946, ch. 770,§ 16 - Funding of Office§ 24 - Corporate powers of associations§ 93a - Authority to prescribe rules and regulations§ 481 - Appointment of examiners; examination of member banks, State banks, and trust companies; reports§ 484 - Limitation on visitorial powers§ 1818 - Termination of status as insured depository institution
U.S. Code: Title 15 - COMMERCE AND TRADE§ 1681a - Definitions; rules of construction§ 1681b - Permissible purposes of consumer reports§ 1681c - Requirements relating to information contained in consumer reports§ 1681m - Requirements on users of consumer reports§ 1681s - Administrative enforcement15 U.S. Code § 1502, 1503 - Omitted15 U.S. Code § 1502, 1503 - Omitted§ 1681t - Relation to State laws§ 1681w - Disposal of records
Title 12 published on 2014-01-01The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 41 after this date.2014-05-16; vol. 79 # 95 - Friday, May 16, 201479 FR 28393 - Integration of National Bank and Savings Association Regulations: Interagency Rules