Section 160.14 - Exceptions to notice and opt out requirements for processing and servicing transactions(a)Exceptions for processing and servicing transactions at consumer's request. The requirements for initial notice in § 160.4(a)(2) , for the opt out in §§ 160.7 and 160.10 , and for initial notice in § 160.13 in connection with service providers and joint marketing, do not apply if you disclose nonpublic personal information as necessary to effect, administer, or enforce a transaction that a consumer requests or authorizes, or in connection with: (1) Processing or servicing a financial product or service that a consumer requests or authorizes;(2) Maintaining or servicing the consumer's account with you, or with another entity as part of an extension of credit on behalf of such entity as part of a private label credit card program or other extension of credit on behalf of such entity; or(3) A proposed or actual securitization, secondary market sale or similar transaction related to a transaction of the consumer.(b)Necessary to effect, administer or enforce a transaction means that the disclosure is:(1) Required, or is one of the lawful or appropriate methods, to enforce your rights or the rights of other persons engaged in carrying out the financial transaction or providing the product or service; or(2) Required, or is a usual, appropriate or acceptable method: (i) To carry out the transaction or the product or service business of which the transaction is a part, and record, service or maintain the consumer's account in the ordinary course of providing the financial service or financial product;(ii) To administer or service benefits or claims relating to the transaction or the product or service business of which it is a part;(iii) To provide a confirmation, statement or other record of the transaction, or information on the status or value of the financial service or financial product to the consumer or the consumer's agent or broker;(iv) To accrue or recognize incentives or bonuses associated with the transaction that are provided by you or any other party;(v) In connection with: (A) The authorization, settlement, billing, processing, clearing, transferring, reconciling or collection of amounts charged, debited or otherwise paid using a debit, credit or other payment card, check or account number, or by other payment means;(B) The transfer of receivables, accounts or interests therein; or(C) The audit of debit, credit or other payment information.