LD 661
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Page 3 of 13 An Act To Amend the Laws Governing Privacy of Consumer Financial Information ... Page 5 of 13
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LR 214
Item 1

 
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 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 merchant 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.__This subsection does not apply to a
supervised financial organization.

 
2.__Opt in; disclosure to nonaffiliated 3rd party.__A
merchant 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to the disclosure in writing and has not withdrawn that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 merchant 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.

 
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).

 
Sec. A-5. 9-B MRSA §161, sub-§2, śM, as enacted by PL 2001, c. 262,
Pt. B, §3, is amended to read:

 
M. The Except as provided in section 162-A, the sharing of
information to the extent permitted by the provisions of 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 Federal


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