12 CFR §1016.8 — Revised privacy notices (Regulation P)

12 CFR §1016.8 — Revised privacy notices

§ 1016.8 Revised privacy notices. (a) General rule. Except as otherwise authorized in this part, you must not, directly or through any affiliate , disclose any nonpublic personal information about a consumer to a nonaffiliated third party other than as described in the initial notice that you provided to that consumer under § 1016.4 of this part, unless: (1) You have provided to the consumer a clear and conspicuous revised notice that accurately describes your policies and practices; (2) You have provided to the consumer a new opt out notice; (3) You have given the consumer a reasonable opportunity, before you disclose the information to the nonaffiliated third party , to opt out of the disclosure; and (4) The consumer does not opt out. (b) Examples. (1) Except as otherwise permitted by §§ 1016.13 , 1016.14 , and 1016.15 of this part, you must provide a revised notice before you: (i) Disclose a new category of nonpublic personal information to any nonaffiliated third party ; (ii) Disclose nonpublic personal information to a new category of nonaffiliated third party ; or (iii) Disclose nonpublic personal information about a former customer to a nonaffiliated third party , if that former customer has not had the opportunity to exercise an opt out right regarding that disclosure. (2) A revised notice is not required if you disclose nonpublic personal information to a new nonaffiliated third party that you adequately described in your prior notice. (c) Delivery. When you are required to deliver a revised privacy notice by this section, you must deliver it according to § 1016.9 of this part.

Source: 12 CFR §1016.8 — Revised privacy notices (Regulation P) · source URL · snapshot 29d59386f5ff17aa