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Can I collect debit card information from participants in Montana? What are the requirements?
Collecting Debit Card Information in Montana
In Montana, there is no specific law or regulation that prohibits the collection of debit card information from participants. However, there are certain prerequisites to disclosure of personal information or highly restricted personal information, as provided in MTCO 61-11-510 [2.1]. Prior to the disclosure of personal information, the department shall require the requester to complete and submit an application, identifying the requester and specifying the statutorily recognized uses for which the personal information is being sought. The department shall also require the requester to provide identification acceptable to the department and collect the appropriate fees paid by the requester [2.1].
It is important to note that if a requester receives personal information or highly restricted personal information pursuant to MTCO 61-11-507, 61-11-508, 61-11-509, or 61-11-510, the requester may not sell or disclose the information, except for a use that is specifically permitted in MTCO 61-11-507, 61-11-508, or 61-11-509. If a requester sells or discloses personal information or highly restricted personal information to a third party under this section, the requester shall create and maintain records for a period of not less than 5 years from the date of the sale or disclosure [2.2].
Therefore, it is recommended to consult with a legal professional or the Montana Department of Revenue to ensure compliance with all applicable laws and regulations when collecting debit card information from participants in Montana.
Source(s):
Jurisdiction
Montana