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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 | | Federal 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), if the settlement | | agent is a financial institution as defined in those | | regulations.__This subsection 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. |
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| | | 2.__Opt in; disclosure to nonaffiliated 3rd party.__A | | settlement agent required to comply with subsection 1 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person | | to whom the information pertains has affirmatively consented | | to the disclosure in writing and has not withdrawn that | | consent.__This subsection does not prohibit the disclosure of | | nonpublic personal information by a settlement agent to a | | nonaffiliated 3rd party to the extent such a disclosure is | | permitted by the federal Gramm-Leach-Bliley Act, 15 United | | States Code, Section 6802, subsection b, paragraph 2 and | | subsection e. |
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| | | 3. 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). |
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| | | Sec. B-1. Statutory referendum procedure; submission at statewide election; form of | | question; effective date. This Act takes effect when approved only for | | the purpose of permitting its submission to the legal voters | | of the State at a statewide election held on the Tuesday | | following the first Monday of November following passage of | | this Act. The municipal officers of this State shall notify | | the inhabitants of their respective cities, towns and | | plantations to meet, in the manner prescribed by law for | | holding a statewide election, to vote on the acceptance or | | rejection of this Act by voting on the following question: |
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| | | "Do you favor requiring financial services providers to | | obtain permission from individuals before disclosing | | nonpublic personal information to nonaffiliated 3rd | | parties?" |
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