What occurs if a consumer does not opt out after receiving a revised notice?

If a consumer does not opt out after receiving a revised notice, the licensee may disclose the nonpublic personal financial information. This reflects the principle that a consumer's inaction, specifically not opting out, signifies consent to the handling of their information in the manner described in the notice. The disclosure of personal financial information is typically governed by regulations that outline when consumers have the opportunity to restrict the sharing of their information. When consumers are given a clear notice and don't take the step to opt out, it indicates that they are allowing the licensee to proceed with the information-sharing practices outlined in the notice.

In practical terms, this means the consumer has been made aware of their choices and has chosen not to restrict the use of their data. This doctrine serves to balance consumer rights with the operational needs of businesses, allowing for a flow of information while still informing consumers of their rights.