Under what conditions can a licensee provide the initial privacy notice after a customer relationship is established?

The correct answer focuses on the conditions under which a licensee can provide the initial privacy notice after a customer relationship has been established. If the licensee delivers the privacy notice in a manner that does not delay the transaction and the customer agrees to it, this satisfies the regulatory requirements.

It highlights the importance of efficiency in the transaction process while respecting consumer privacy. By ensuring that the notice does not cause any delays and obtaining the customer's consent, the licensee maintains both compliance with privacy regulations and a positive customer experience. This approach ensures transparency while allowing the transaction to proceed smoothly.

Other options fail to address the critical elements of non-delay and customer agreement. While a customer requesting the notice later or a voluntary relationship may be relevant, they do not satisfy the specific legal framework necessitating consent without transaction delay. Similarly, offering additional products does not directly relate to the conditions for providing initial privacy notices.