Vdmc Gramm-leach-bliley ACT Compliance Exam
12 Questions
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Questions and Answers
- 1.Have you viewed the Company's training on GLB compliance?
- A.
True
- B.
False
- 2.What is the maximum penalty for violating the GLB?
- A.
$1000
- B.
$10,000 and one year in jail
- C.
$50,000 and three years in jail
- D.
$100,000 and five years in jail
- 3.Which Federal Agency enforces the GLB Act?
- A.
HUD
- B.
FBI
- C.
CFPB
- D.
No Federal Agency enforces it
- 4.According to the Financial Privacy Rule under the GLB Act, at the time of establishing a customer relationship with a consumer, a financial institution must provide the consumer with a privacy notice.
- A.
True
- B.
False
- 5.Customers may limit VanDyk’s sharing their non-public personal info for purposes of responding to court orders and investigations.
- A.
True
- B.
False
- 6.Which of these places is the safest for paper documents to be kept when not in your vicinity or control?
- A.
A folder on my desk.
- B.
In a filing cabinet.
- C.
In the trash.
- D.
In a locked cabinet or drawer.
- 7.A cardboard box is an acceptable place to keep sensitive documents as long as it’s hidden under a desk.
- A.
True
- B.
False
- 8.
- A.
U.S. Mail
- B.
E-mail
- C.
Fax
- D.
Uploaded to Encompass
- 9.
- A.
Work computer
- B.
My smart phone that is set up to receive my work emails
- C.
Home computer that I often use for work
- D.
All of the above
- 10.Emailing is the safest way to transmit information.
- A.
True
- B.
False
- 11.A caller who is trying to confirm the social security number of a past client should be:
- A.
Provided the information requested.
- B.
Hung up on.
- C.
Referred to the Legal Department.
- D.
Reported to the police.
- 12.An employee of VanDyk would never be fined or imprisoned for an accidental violation of the GLB Act.
- A.
True
- B.
False
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