What is NOT a purpose for which the Gramm-Leach Bliley Act allows exceptions for state licensed private investigators?

Prepare for the LSBPIE Private Investigator Exam. Study with our multiple choice questions, each with detailed explanations. Ensure success on your journey to becoming a licensed private investigator!

The Gramm-Leach-Bliley Act (GLBA) allows for certain exceptions that enable state-licensed private investigators to obtain nonpublic personal information without consent in specific scenarios. However, collecting insurance fraud revenue is not identified as a purpose for which the Act allows such exceptions.

The primary focus of these exceptions lies in the context of financial fraud and familial obligations. The act recognizes the need for investigators to assist in collecting child support and spousal support judgments, as these activities are often regulated and monitored to ensure compliance with familial financial responsibilities. Therefore, these purposes align with the act’s intention to facilitate lawful activities related to financial support and debt collection.

In contrast, the collection of past due accounts owed specifically to a private investigator does not fall under the same regulatory frameworks as the obligations to family support. It is more about the business aspect, which does not necessitate access to private financial information under the exceptions outlined in the GLBA.

Thus, option A effectively represents a purpose that does not align with the allowances provided by the Gramm-Leach-Bliley Act.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy