(a) A financial institution shall not disclose to or share a consumer's confidential consumer information with any nonaffiliated third party unless (i) the financial institution has provided written or electronic notice to the consumer to whom the confidential consumer information relates and (ii) the financial institution has obtained a written or electronic consent acknowledgment from the consumer that authorizes the financial institution to disclose or share the confidential consumer information. A financial institution shall not deny a consumer a financial product or a financial service because the consumer has not provided the consent required by this Article to authorize the financial institution to disclose or share his or her confidential consumer information with any nonaffiliated third party; provided, that nothing in this section shall prohibit the disclosure of confidential consumer information as provided in Section 2006.
(b) A financial institution shall not disclose to or share a consumer's confidential consumer information with any affiliate unless (i) the financial institution has provided written or electronic notice to the consumer to whom the confidential consumer information relates and (ii) the financial institution has obtained a written or electronic consent acknowledgment from the consumer that authorizes the financial institution to disclose or share the confidential consumer information. A financial institution shall not deny a consumer a financial product or a financial service because the consumer has not provided the consent required by this Article to authorize the financial institution to disclose or share his or her confidential consumer information with any affiliate; provided, that nothing in this section shall prohibit the disclosure of confidential consumer information as provided in Section 2006.
(c) The notices required by this Section shall be issued to the consumer as frequently as is required by the federal Gramm, Leach and Bliley Act, 15 U.S.C. Sec. 6803(a). Unless revoked by the consumer, consent received from a consumer, as described in the notice, shall be deemed valid until such time as another notice is required to be issued to the consumer.
(d) Nothing in this Article shall prohibit a financial institution from marketing its own products and services or the products and services of others to the financial institution's own customers, provided no confidential consumer information is disclosed except as permitted by Section 2006.
(e) Except as otherwise provided in this Article, an entity that receives confidential consumer information from a financial institution under this Article shall not disclose this information to any other entity, unless the disclosure would be lawful if made directly to the other entity by the financial institution.
(Added by Ord. 237-02, File No. 021339, App. 12/20/2002)