Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 12 - Banks and Banking |
Chapter X - Bureau of Consumer Financial Protection |
Part 1070 - Disclosure of Records and Information |
Subpart E - The Privacy Act |
§ 1070.63 - Use and collection of social security numbers.
Latest version.
-
§ 1070.63 Use and collection of social security Social Security numbers.
The CFPB will ensure that employees authorized to collect information are aware:
(a) That individuals may not be denied any right, benefit, or privilege as a result of refusing to provide their social security Social Security numbers, unless the collection is authorized either by a statute or by a regulation issued prior to 1975; and
(b) That individuals requested to provide their social security Social Security numbers must be informed of:
(1) Whether providing social security Social Security numbers is mandatory or voluntary;
(2) Any statutory or regulatory authority that authorizes the collection of social security Social Security numbers; and
(3) The uses that will be made of the numbers.