Fact Sheet 24a Addendum:
Sample Opt-Out Letters


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Copyright © 2001 - 2014
Privacy Rights Clearinghouse
Posted July 2001
Revised August 2012

 

 

Sample - Opt-Out Letter

You have an ongoing right to tell financial institutions that you do not want them to sell or share your customer information -- in other words, to "opt-out." -- within the constraints of the law.

Be aware that the Financial Services Modernization Act (also known as the Gramm-Leach-Bliley Act, or GLB) has many loopholes. For example, the law does not enable you to opt-out of data sharing with companies' service providers and with companies with whom they establish joint marketing agreements. See our Fact Sheets 24 and 24(a) for more information on the GLB.

If you do not recall receiving privacy notices and opt-out forms from your financial institutions, or if you have thrown them away, you should ask the company for another copy of its privacy policy. Federal regulations say the company can require you to follow the procedure it establishes for opting out. Some of the choices you may have for opting out are:

  • Calling a toll-free telephone number.
  • Writing a letter to a specific address shown in the privacy notices.
  • Returning a tear-off postcard attached to the privacy notice.
  • Opting out online if that is the way you normally do business.

If one of the choices given in the privacy notices is to write a letter to a specific address, you may use one of our sample letters to mail to your banks, credit card companies, insurance companies, and investment services. Even if you opt-out by another means (such as calling a toll-free number) there is no harm in also writing a letter if you want to let your company know how you feel about its privacy policy.

 Click here to show the sample opt-out letter. You can print out as many copies as you want, fill in the blanks, and mail it to your financial companies. 

 

 

Copyright © Privacy Rights Clearinghouse. This copyrighted document may be copied and distributed for nonprofit, educational purposes only. For distribution, see our copyright and reprint guidelines. The text of this document may not be altered without express authorization of the Privacy Rights Clearinghouse.


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