According to the GLBA, which of the following statements is true regarding privacy notices?

The statement about privacy notices being provided electronically only if the customer agrees to the method is accurate in the context of the Gramm-Leach-Bliley Act (GLBA). The GLBA emphasizes protecting consumers' personal financial information and mandates that financial institutions inform their customers about their privacy practices.

Under the GLBA, when financial institutions decide to deliver privacy notices electronically, they must first obtain the customer's consent for that method of communication. This is to ensure that customers have a choice in how they receive important privacy information and are able to access it in a manner that suits their preferences and technological capabilities. Therefore, this statement aligns well with the principles of consumer consent and access to information that are central to the GLBA.

In contrast, the other options do not accurately reflect the provisions or requirements set forth in the GLBA regarding privacy notices, which is why they do not constitute the right answer.