Sec. 108. Opt in for sensitive nonpublic personal information
211 words·~1 min read·
/bill/119/hr/8398/ih/section-108A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 502 of the Gramm-Leach-Bliley Act ( 15 U.S.C. 6802 ), as amended by sections 102(3) and 104, is further amended by adding at the end the following: Notwithstanding subsection (b)(1), a financial institution may not collect sensitive nonpublic personal information or disclose sensitive nonpublic personal information to a nonaffiliated third party unless— such financial institution clearly and conspicuously discloses to the consumer, in writing or in electronic form or other form permitted by the regulations prescribed under section 504, that such information may be collected or that such information may be disclosed to such third party; such financial institution obtains the consent of the consumer to collect such information or to disclose such information to such third party before the time that such information is initially collected or disclosed; and the consumer is given an explanation of how the consumer can revoke that consent pursuant to paragraph (2).
A consumer may revoke their consent under paragraph (1)(B) at any time. Paragraph
(1)shall not be construed to prevent a financial institution from disclosing sensitive nonpublic personal information— pursuant to section 502(e)(3)(A); pursuant to section 502(e)(3)(B); pursuant to section 502(e)(5); or pursuant to section 502(e)(8). . This section shall take effect 1 year after the date of enactment of this Act.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 108
Opt in for sensitive nonpublic personal information
Cites 1Cited by 0 across 0 sources