Under which condition can a licensee provide the initial privacy notice after establishing a customer relationship?

Providing the initial privacy notice after establishing a customer relationship is permissible under the condition that it does not substantially delay the transaction and the customer agrees to receive it later. This provision is designed to ensure that customers are informed about how their personal information will be used while also allowing for flexibility in the timing of such disclosures, particularly in situations where speed is essential for completing the transaction.

This approach is beneficial as it acknowledges the need for immediate service without compromising the customer's right to be informed about privacy practices. When a customer agrees to receive the notice at a later time, it demonstrates their understanding and consent regarding the privacy policies, which fosters trust in the relationship with the business.

This condition strikes a balance between regulatory compliance and practical business operations, highlighting the importance of customer consent and the necessity for timely information delivery.