LD 661
pg. 5
Page 4 of 13 An Act To Amend the Laws Governing Privacy of Consumer Financial Information ... Page 6 of 13
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LR 214
Item 1

 
Regulations, Part 573 (2001); the National Credit Union
Administration, 12 Code of Federal Regulations, Part 716
(2001); the Federal Trade Commission, 16 Code of Federal
Regulations, Part 313 (2001); or the Securities and
Exchange Commission, 17 Code of Federal Regulations, Part
248 (2001). This paragraph is not intended to permit the
release of health care information except as permitted by
Title 22, section 1711-C or Title 24-A, chapter 24; or

 
Sec. A-6. 9-B MRSA §162-A is enacted to read:

 
§162-A.__Disclosure of nonpublic personal information to

 
nonaffiliated 3rd party

 
1. Opt in; disclosure to nonaffiliated 3rd party.__A
financial institution authorized to do business in this State
or credit union authorized to do business in this State may
not disclose, directly or through an affiliate, to a
nonaffiliated 3rd party any nonpublic personal information
unless the person to whom the information pertains has
affirmatively consented to the disclosure in writing and has
not withdrawn that consent.__This subsection does not prohibit
the disclosure of nonpublic personal information by a
financial institution authorized to do business in this State
or credit union authorized to do business in this State to a
nonaffiliated 3rd party to the extent such a disclosure is
otherwise permitted by this chapter or the federal Gramm-
Leach-Bliley Act, 15 United States Code, Section 6802,
subsection b, paragraph 2 and subsection e.

 
2. Use of terms.__As used in this section, unless the
context otherwise indicates, the terms "affiliate,"
"nonaffiliated 3rd party" and "nonpublic personal information"
have the same meanings as in the federal Gramm-Leach-Bliley
Act, 15 United States Code, Section 6801 et seq. (1999).

 
Sec. A-7. 9-B MRSA §241, sub-§13, as reallocated by RR 2001, c. 1,
§15, is amended to read:

 
13. Privacy of consumer information. A financial
institution authorized to do business in this State or a
credit union authorized to do business in this State shall
comply with the provisions of section 162-A and the federal
Gramm-Leach-Bliley Act, 15 United States Code, Section 6801 et
seq. (1999) and the applicable implementing federal Privacy of
Consumer Information regulations, as adopted by the Office of
the Comptroller of the Currency, 12 Code of Federal
Regulations, Part 40 (2001); the Board of Governors of the
Federal Reserve System, 12 Code of Federal Regulations, Part
216 (2001); the Federal Deposit Insurance Corporation, 12 Code
of Federal Regulations, Part 332 (2001); the Office of Thrift
Supervision, 12 Code of


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