LD 1638
pg. 13
Page 12 of 13 An Act Concerning the Regulation of Certain Information to Protect Privacy ... LD 1638 Title Page
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LR 2052
Item 1

 
The legal voters of each city, town and plantation shall vote by
ballot on this question and designate their choice by a cross or
check mark placed within a corresponding square below the word
"Yes" or "No." The ballots must be received, sorted, counted and
declared in open ward, town and plantation meetings and returns
made to the Secretary of State in the same manner as votes for
members of the Legislature. The Governor shall review the returns
and, if it appears that a majority of the legal votes are cast in
favor of the Act, the Governor shall proclaim that fact without
delay, and the Act takes effect 30 days after the date of the
proclamation.

 
The Secretary of State shall prepare and furnish to each city,
town and plantation all ballots, returns and copies of this Act
necessary to carry out the purposes of this referendum.

 
SUMMARY

 
Currently, state law conforms to the opt-out provisions of the
federal Gramm-Leach-Bliley Act regarding the disclosure of
nonpublic personal information. This bill puts in place an opt-
in requirement so that financial services providers, including
banks, credit unions, securities firms and mortgage companies,
must have permission from individuals before disclosing nonpublic
personal information to nonaffiliated 3rd parties, but only upon
approval by voters at a statewide referendum.


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