230 R.I. Code R. 230-RICR-20-60-7.9

Current through December 3, 2024
Section 230-RICR-20-60-7.9 - Revised Privacy Notices
A. General rule. Except as otherwise authorized in this Part, a licensee shall not, directly or through an affiliate, disclose any nonpublic personal financial information about a consumer to a nonaffiliated third party other than as described in the initial notice that the licensee provided to that consumer under § 7.5 of this Part, unless:
1. the licensee has provided to the consumer a clear and conspicuous revised notice that accurately describes its policies and practices;
2. the licensee has provided to the consumer a new opt out notice;
3. the licensee has given the consumer a reasonable opportunity, before the licensee discloses the information to the nonaffiliated third party, to opt out of the disclosure; and
4. the consumer does not opt out.
B. Examples.
1. Except as otherwise permitted by §§ 7.14, 7.15 and 7.16 of this Part, a licensee shall provide a revised notice before it:
a. discloses a new category of nonpublic personal financial information to any nonaffiliated third party;
b. discloses nonpublic personal financial information to a new category of nonaffiliated third party; or
c. discloses nonpublic personal financial information about a former customer to a nonaffiliated third party, if that former customer has not had the opportunity to exercise an opt out right regarding that disclosure.
2. A revised notice is not required if the licensee discloses nonpublic personal financial information to a new nonaffiliated third party that the licensee adequately described in its prior notice.
C. Delivery. When a licensee is required to deliver a revised privacy notice by this Part, the licensee shall deliver it according to § 7.10 of this Part.

230 R.I. Code R. 230-RICR-20-60-7.9