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FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. In the Matter of SECURITY SAVINGS BANK, SSB SOUTHPORT, NORTH CAROLINA (Insured State Nonmember Bank))))))))))) CONSENT ORDER FDIC10330b The Federal
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What is security savings bank consent?
Security savings bank consent is a form required by financial institutions to provide consent for the disclosure of nonpublic personal information to third parties as required by the Gramm-Leach-Bliley Act.
Who is required to file security savings bank consent?
All security savings banks, which are financial institutions that fall under the scope of the Gramm-Leach-Bliley Act, are required to file security savings bank consent.
How to fill out security savings bank consent?
To fill out security savings bank consent, financial institutions need to provide the necessary information requested on the form, including details about the institution, the purposes of the disclosure, and the types of information to be disclosed.
What is the purpose of security savings bank consent?
The purpose of security savings bank consent is to ensure that financial institutions comply with the privacy requirements of the Gramm-Leach-Bliley Act and obtain explicit consent from their customers before disclosing their nonpublic personal information to third parties.
What information must be reported on security savings bank consent?
Security savings bank consent typically requires the financial institution to report details such as their name, contact information, the specific purposes for which the information will be disclosed, the types of information to be disclosed, and any limitations or revocability of the consent.
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