source:
  type: regulation
  id: reg-p-1016.15
  authority: 12 CFR §1016.15 — Other exceptions to notice and opt out requirements
    (Regulation P)
  description: 12 CFR §1016.15 — Other exceptions to notice and opt out requirements.
  coverage_tier: operative
obligations:
- id: reg-p-1016.15-full
  canonical_id: reg-p-1016.15-full
  section: 12 CFR §1016.15 — Other exceptions to notice and opt out requirements
  type: do
  tags:
  - regulator-direct
  - glba-privacy
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: 12 CFR §1016.15 — Other exceptions to notice and opt out requirements
      (Regulation P)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1016.15
    snapshot_id: 7da0084c9163898a
    fetched_at: '2026-06-17T20:38:43Z'
    content_hash: sha256:ea447b6f553745502e2c4a28c223baf32a0bc6af35561cba88218805484a02cf
    paragraph_quote: '§ 1016.15 Other exceptions to notice and opt out requirements.
      (a) Exceptions to opt out requirements. 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 when you disclose nonpublic
      personal information: (1) With the consent or at the direction of the consumer,
      provided that the consumer has not revoked the consent or direction; (2) (i)
      To protect the confidentiality or security of your records pertaining to the
      consumer, service, product, or transaction; (ii) To protect against or prevent
      actual or potential fraud, unauthorized transactions, claims, or other liability;
      (iii) For required institutional risk control or for resolving consumer disputes
      or inquiries; (iv) To persons holding a legal or beneficial interest relating
      to the consumer; or (v) To persons acting in a fiduciary or representative capacity
      on behalf of the consumer; (3) To provide information to insurance rate advisory
      organizations, guaranty funds or agencies, agencies that are rating you , persons
      that are assessing your compliance with industry standards, and your attorneys,
      accountants, and auditors; (4) To the extent specifically permitted or required
      under other provisions of law and in accordance with the Right to Financial
      Privacy Act of 1978 ( 12 U.S.C. 3401 et seq. ) to law enforcement agencies (including
      the Bureau, a Federal functional regulator , the Secretary of the Treasury,
      with respect to 31 U.S.C. Chapter 53 , Subchapter II (Records and Reports on
      Monetary Instruments and Transactions) and 12 U.S.C. Chapter 21 (Financial Recordkeeping),
      a state insurance authority, with respect to any person domiciled in that insurance
      authority''s state that is engaged in providing insurance, and the Federal Trade
      Commission ), self-regulatory organizations, or for an investigation on a matter
      related to public safety; (5) (i) To a consumer reporting agency in accordance
      with the Fair Credit Reporting Act ( 15 U.S.C. 1681 et seq. ); or (ii) From
      a consumer report reported by a consumer reporting agency ; (6) In connection
      with a proposed or actual sale, merger, transfer, or exchange of all or a portion
      of a business or operating unit if the disclosure of nonpublic personal information
      concerns solely consumers of such business or unit; or (7) (i) To comply with
      Federal, state, or local laws, rules and other applicable legal requirements;
      (ii) To comply with a properly authorized civil, criminal, or regulatory investigation,
      or subpoena or summons by Federal, state, or local authorities; or (iii) To
      respond to judicial process or government regulatory authorities having jurisdiction
      over you for examination, compliance, or other purposes as authorized by law.
      (b) Examples of consent and revocation of consent. (1) A consumer may specifically
      consent to your disclosure to a nonaffiliated insurance company of the fact
      that the consumer has applied to you for a mortgage so that the insurance company
      can offer homeowner''s insurance to the consumer. (2) A consumer may revoke
      consent by subsequently exercising the right to opt out of future disclosures
      of nonpublic personal information as permitted under § 1016.7(h) of this part.
      Right to Financial Privacy Act of 1978 Fair Credit Reporting Act'
  judgment: false
