source:
  type: regulation
  id: reg-p-1016.14
  authority: 12 CFR §1016.14 — Exceptions to notice and opt out requirements for processing
    and servicing transactions (Regulation P)
  description: 12 CFR §1016.14 — Exceptions to notice and opt out requirements for
    processing and servicing transactions.
  coverage_tier: operative
obligations:
- id: reg-p-1016.14-full
  canonical_id: reg-p-1016.14-full
  section: 12 CFR §1016.14 — Exceptions to notice and opt out requirements for processing
    and servicing transactions
  type: do
  tags:
  - regulator-direct
  - glba-privacy
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: 12 CFR §1016.14 — Exceptions to notice and opt out requirements for
      processing and servicing transactions (Regulation P)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1016.14
    snapshot_id: ed9b1f1f4205cf73
    fetched_at: '2026-06-17T20:38:43Z'
    content_hash: sha256:41dc888931dc68636536eea9128d2417168d0dda9068a7701a66ee1ff7325acd
    paragraph_quote: '§ 1016.14 Exceptions to notice and opt out requirements for
      processing and servicing transactions. (a) Exceptions for processing transactions
      at consumer''s request. The requirements for initial notice in § 1016.4(a)(2)
      , for the opt out in §§ 1016.7 and 1016.10, and for service providers and joint
      marketing in § 1016.13 do not apply if you disclose nonpublic personal information
      as necessary to effect, administer, or enforce a transaction that a consumer
      requests or authorizes, or in connection with: (1) Servicing or processing a
      financial product or service that a consumer requests or authorizes; (2) Maintaining
      or servicing the consumer''s account with you , or with another entity as part
      of a private label credit card program or other extension of credit on behalf
      of such entity; or (3) A proposed or actual securitization, secondary market
      sale (including sales of servicing rights), or similar transaction related to
      a transaction of the consumer. (b) Necessary to effect, administer, or enforce
      a transaction means that the disclosure is: (1) Required, or is one of the lawful
      or appropriate methods, to enforce your rights or the rights of other persons
      engaged in carrying out the financial transaction or providing the product or
      service; or (2) Required, or is a usual, appropriate or acceptable method: (i)
      To carry out the transaction or the product or service business of which the
      transaction is a part, and record, service, or maintain the consumer''s account
      in the ordinary course of providing the financial service or financial product;
      (ii) To administer or service benefits or claims relating to the transaction
      or the product or service business of which it is a part; (iii) To provide a
      confirmation, statement, or other record of the transaction, or information
      on the status or value of the financial service or financial product to the
      consumer or the consumer''s agent or broker; (iv) To accrue or recognize incentives
      or bonuses associated with the transaction that are provided by you or any other
      party; (v) To underwrite insurance at the consumer''s request or for reinsurance
      purposes, or for any of the following purposes as they relate to a consumer''s
      insurance: account administration, reporting, investigating, or preventing fraud
      or material misrepresentation, processing premium payments, processing insurance
      claims, administering insurance benefits (including utilization review activities),
      participating in research projects, or as otherwise required or specifically
      permitted by Federal or state law; or (vi) In connection with: (A) The authorization,
      settlement, billing, processing, clearing, transferring, reconciling or collection
      of amounts charged, debited, or otherwise paid using a debit, credit, or other
      payment card, check, or account number, or by other payment means; (B) The transfer
      of receivables, accounts, or interests therein; or (C) The audit of debit, credit,
      or other payment information.'
  judgment: false
