Google Answers Logo
View Question
Q: Privacy Statement ( Answered 4 out of 5 stars,   1 Comment )
Subject: Privacy Statement
Category: Business and Money
Asked by: montanacreative-ga
List Price: $25.00
Posted: 17 Jan 2004 10:57 PST
Expires: 16 Feb 2004 10:57 PST
Question ID: 297430
I need to create a privacy statement for a fringe benefit plan. Where
can I get the boilerplate text I need? This would be a privacy
statement provided to employees participating in the plan. (I am
assuming there is a federal law that requires a privacy statement.
Perhaps it would be good to have a copy of this, too.)

The plan is for employees working on a Davis-Bacon or other prevailing
wage contract. The plan sets aside the fringe portion of the
employee's pay into an account while the employee is working. When the
employee is laid off, he can receive funds from the account as a
supplemental unemployment benefit.
Subject: Re: Privacy Statement
Answered By: hlabadie-ga on 17 Jan 2004 22:18 PST
Rated:4 out of 5 stars
The standard financial privacy statement is issued to virtually
everyone who has a bank account, credit card, mortgage, insurance
policy, etc., which is to say, anyone who does any business with a
financial institution of any kind. Most people have received several
of these statements of privacy policy in the post, and they all follow
a common form, based upon the sample terms in the Federal Register.

Financial privacy is mandated by two acts of Congress, the Fair Credit
Reporting Act (FCRA) and the Gramm-Leach-Bliley Act (GLBA), and the
enabling Rules and Regulations for the Federal Trade Commission (16
CFR Part 313, Privacy of Consumer Financial Information; Final Rule).

Example of the Privacy Statement

Privacy Statement

Federal Register
[with sample paragraphs]
Federal Trade Commission
16 CFR Part 313
Privacy of Consumer Financial Information; Final Rule

See especially Appendix A to Part 313?Sample Clauses.

Alternative Proposed Standard Forms
75164 Federal Register/Vol. 68, No. 249/Tuesday, December 30, 2003/Proposed Rules

The Laws

Fair Credit Reporting Act

Gramm-Leach-Bliley Act

The Gramm-Leach-Bliley Act
Privacy of Consumer Financial Information

Gramm-Leach-Bliley Act
15 USC, Subchapter I, Sec. 6801-6809
Disclosure of Nonpublic Personal Information

Gramm-Leach-Bliley Frequently Asked Questions

Federal Reserve

Privacy Choices for Your Personal Financial Information



montanacreative-ga rated this answer:4 out of 5 stars
The researcher did a good job in summarizing the information and
referring to the federal laws that govern privacy statements.The
received the answer very promptly.

Subject: Re: Privacy Statement
From: sandco-ga on 17 Jan 2004 17:16 PST
Would this be for a website or like a non disclosure agreement?

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at with the question ID listed above. Thank you.
Search Google Answers for
Google Answers  

Google Home - Answers FAQ - Terms of Service - Privacy Policy