§ 6801. — Protection of nonpublic personal information.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC6801]
TITLE 15--COMMERCE AND TRADE
CHAPTER 94--PRIVACY
SUBCHAPTER I--DISCLOSURE OF NONPUBLIC PERSONAL INFORMATION
Sec. 6801. Protection of nonpublic personal information
(a) Privacy obligation policy
It is the policy of the Congress that each financial institution has
an affirmative and continuing obligation to respect the privacy of its
customers and to protect the security and confidentiality of those
customers' nonpublic personal information.
(b) Financial institutions safeguards
In furtherance of the policy in subsection (a) of this section, each
agency or authority described in section 6805(a) of this title shall
establish appropriate standards for the financial institutions subject
to their jurisdiction relating to administrative, technical, and
physical safeguards--
(1) to insure the security and confidentiality of customer
records and information;
(2) to protect against any anticipated threats or hazards to the
security or integrity of such records; and
(3) to protect against unauthorized access to or use of such
records or information which could result in substantial harm or
inconvenience to any customer.
(Pub. L. 106-102, title V, Sec. 501, Nov. 12, 1999, 113 Stat. 1436.)
Effective Date
Pub. L. 106-102, title V, Sec. 510, Nov. 12, 1999, 113 Stat. 1445,
provided that: ``This subtitle [subtitle A (Secs. 501-510) of title V of
Pub. L. 106-102, enacting this subchapter and amending section 1681s of
this title] shall take effect 6 months after the date on which rules are
required to be prescribed under section 504(a)(3) [15 U.S.C.
6804(a)(3)], except--
``(1) to the extent that a later date is specified in the rules
prescribed under section 504; and
``(2) that sections 504 [15 U.S.C. 6804] and 506 [enacting
section 6806 of this title and amending section 1681s of this title]
shall be effective upon enactment [Nov. 12, 1999].''
Section Referred to in Other Sections
This section is referred to in sections 6803, 6805 of this title.
