Annual Privacy Notices Are Not Required to Be Given to Former

question 310

Multiple Choice

Annual privacy notices are not required to be given to former customers, including cases where:

• A) A deposit account is active
• B) A customer pays a load in full or institution charges off the loan
• C) The institution no longer provides any open-end statements or notices to the customer
• D) None of these

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Definitions:

Formal Reasoning

The ability to think logically and systematically about abstract concepts and hypothetical situations, typically developing during adolescence.

Nonconscious Responding

Processes that occur without conscious awareness or control, including physiological responses and some behaviors that are automatic or habitual.

"Reasonable."

Being in accordance with logic, fairness, or moderate estimation; often used to describe actions or thoughts that are justified under the circumstances.

Jerome Kagan

A developmental psychologist known for his work on temperament and the role it plays in emotional and psychological development.