3 AAC 26.630. Revised privacy notice

Except as otherwise allowed under 3 AAC 26.605 - 3 AAC 26.749, a licensee may not directly or through an affiliate disclose nonpublic personal financial information about a consumer to a nonaffiliated third party other than as described in the initial notice provided to the consumer under 3 AAC 26.610 unless the consumer does not opt out after the licensee has provided the consumer a

(1) clear and conspicuous revised notice that accurately describes the licensee's privacy policies and practices;

(2) new opt out notice that complies with 3 AAC 26.625; and

(3) reasonable opportunity under 3 AAC 26.645(a) (3) to opt out before disclosing information to a nonaffiliated third party.

History: Eff. 1/1/2005, Register 172

Authority: AS 21.06.090

AS 21.36.162

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