The federal privacy legislation requires that consumers have the right to 'opt out". In other words, they must be given the ability to tell you not to share their personal, nonpublic information with any other party, except those parties you must share their information with in order to get the loan closed, funded and sold or parties with which you are legally allowed to share information. They must be given one or more methods to notify you of their decision to opt out, but they can’t be required to write you a letter. If you give them a phone number at which to call you, it must be toll-free. If you offer them the ability to e-mail you, they must have access to another method in case they do not have access to e-mail. The notice is structured to allow you to put in signature lines so that they could just sign and return to you a copy of the notice, thereby opting out. Each co-borrower has an independent right to opt out as to his or her own personal, nonpublic information.