What should joint account holders receive regarding privacy notices?

The correct answer is that only one privacy notice is required for all account holders. In the context of privacy compliance, particularly under regulations like the Gramm-Leach-Bliley Act (GLBA), financial institutions are allowed to provide a single privacy notice that covers all joint account holders. This simplifies the communication process, as joint account holders are typically considered to have a shared interest in the account, thus they can be informed collectively.

It is important to understand that privacy notices are meant to inform account holders about how their personal information will be collected, used, and protected. Providing one comprehensive notice for joint account holders is sufficient as it covers the necessary disclosures regarding their joint interest in the account. This approach aligns with the intent to ensure clarity and consistency in how stakeholders are informed about privacy practices.

Additionally, the other options do not align with the established privacy compliance protocols. There is no requirement to provide each account holder with separate notices, and there is no provision that allows for the complete omission of notices. Moreover, privacy notices must be proactively distributed and cannot be conditional based solely on the account holders’ requests.