Exception to opt out requirements for disclosure of nonpublic personal financial information for service providers and for joint marketing

HRS §431:3A-401, under Chapter 431.

HRS §431:3A-401

PART IV. EXCEPTIONS TO LIMITS ON DISCLOSURES

OF FINANCIAL INFORMATION

[§431:3A-401] Exception to opt out requirements for disclosure of nonpublic personal financial information for service providers and for joint marketing. (a) The opt out requirements in sections 431:3A-204 and 431:3A-301 shall not apply if a licensee provides nonpublic personal financial information to a nonaffiliated third party to perform services for the licensee or functions on the licensee’s behalf, if the licensee:

(b) The services a nonaffiliated third party performs for a licensee under subsection (a) include marketing of the licensee’s own products or services or marketing of financial products or services offered pursuant to joint agreements between the licensee and one or more financial institutions.

(c) For purposes of this section, "joint agreement" means a written contract pursuant to which a licensee and one or more financial institutions jointly offer, endorse, or sponsor a financial product or service. [L 2001, c 220, pt of §1]