What type of notice must a licensee provide to consumers concerning their rights?

A licensee must provide an opt-out notice to consumers regarding their rights. This type of notice informs consumers that they have the right to opt out of certain uses of their personal information, which is a crucial part of protecting consumer privacy. It ensures that individuals are aware of their ability to control how their information is shared or used, particularly in compliance with state and federal privacy laws.

An opt-out notice serves as a transparent communication tool that builds trust between the licensee and the consumer. It allows consumers to make informed choices about their information, aligning with regulatory requirements aimed at safeguarding personal data. This kind of notification is vital in fostering an environment where consumers feel empowered regarding their rights to privacy.

In contrast, the other types of notices mentioned do not specifically relate to consumer rights in the same way an opt-out notice does. For instance, a financial statement notice typically involves disclosure of financial information rather than consumer rights. A service availability notice might outline the services provided but does not address consumer rights, and a promotional notice would focus on marketing efforts rather than privacy concerns.