§ 6803. — Disclosure of institution privacy policy.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC6803]
TITLE 15--COMMERCE AND TRADE
CHAPTER 94--PRIVACY
SUBCHAPTER I--DISCLOSURE OF NONPUBLIC PERSONAL INFORMATION
Sec. 6803. Disclosure of institution privacy policy
(a) Disclosure required
At the time of establishing a customer relationship with a consumer
and not less than annually during the continuation of such relationship,
a financial institution shall provide a clear and conspicuous disclosure
to such consumer, in writing or in electronic form or other form
permitted by the regulations prescribed under section 6804 of this
title, of such financial institution's policies and practices with
respect to--
(1) disclosing nonpublic personal information to affiliates and
nonaffiliated third parties, consistent with section 6802 of this
title, including the categories of information that may be
disclosed;
(2) disclosing nonpublic personal information of persons who
have ceased to be customers of the financial institution; and
(3) protecting the nonpublic personal information of consumers.
Such disclosures shall be made in accordance with the regulations
prescribed under section 6804 of this title.
(b) Information to be included
The disclosure required by subsection (a) of this section shall
include--
(1) the policies and practices of the institution with respect
to disclosing nonpublic personal information to nonaffiliated third
parties, other than agents of the institution, consistent with
section 6802 of this title, and including--
(A) the categories of persons to whom the information is or
may be disclosed, other than the persons to whom the information
may be provided pursuant to section 6802(e) of this title; and
(B) the policies and practices of the institution with
respect to disclosing of nonpublic personal information of
persons who have ceased to be customers of the financial
institution;
(2) the categories of nonpublic personal information that are
collected by the financial institution;
(3) the policies that the institution maintains to protect the
confidentiality and security of nonpublic personal information in
accordance with section 6801 of this title; and
(4) the disclosures required, if any, under section
1681a(d)(2)(A)(iii) of this title.
(Pub. L. 106-102, title V, Sec. 503, Nov. 12, 1999, 113 Stat. 1439.)
Section Referred to in Other Sections
This section is referred to in section 6802 of this title.
