Eight federal regulators, including the federal banking agencies, released the Online Form Builder on April 15 that financial institutions can download and use to develop and print customized versions of a model consumer privacy notice. The Online Form Builder is based on the model form regulation published on December 1, 2009 under the Gramm-Leach-Bliley Act.

Nutter Notes: Institutions that follow the instructions in the model form regulation when using the Online Form Builder will obtain a privacy notice that satisfies the Gramm-Leach-Bliley Act’s disclosure requirements and provides a legal safe harbor for compliance, according to the regulators. The Online Form Builder is available at: http://www.federalreserve.gov/bankinforeg/privacy_notice_instructions.pdf.