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Can I prioritize privacy compliance to gain a competitive advantage, reduce the possibility of regulatory issues, and help secure valuable partnerships in New Mexico? What are the requirements?

Privacy Compliance in New Mexico

Yes, prioritizing privacy compliance can provide a competitive advantage, reduce the possibility of regulatory issues, and help secure valuable partnerships in New Mexico.

Requirements for Privacy Compliance

To comply with privacy regulations in New Mexico, businesses must adhere to the following requirements:

  1. Non-Facilities Based Resellers of Public Telecommunications Services: Non-facilities based resellers of public telecommunications services must comply with the rules and regulations set forth by the New Mexico State Corporation Commission [New Mexico Public Regulation Commission] (“Commission”) [1.1].
  2. Exceptions to Notice and Authorization Requirements for Disclosure of Nonpublic Personal Information: Businesses must comply with the exceptions to authorization requirement for disclosure of nonpublic personal information as outlined in 13.1.3.19 NMAC. This includes obtaining consent or direction from the consumer, protecting the confidentiality or security of a licensee’s records, providing information to insurance rate advisory organizations, complying with federal, state, or local laws, and more [2.1].
  3. Compliance with Law: All corporations and other regulated entities must comply with the rules and regulations set forth by the state of New Mexico [3.1].
  4. Use of Social Security Numbers Restricted: Businesses must comply with the restrictions on the use of social security numbers as outlined in 57-12B-4 NMSA. This includes not making the entirety of a social security number available to the general public, requiring the use of a social security number over the internet without a secure connection or encryption security, and more [4.1].
  5. Nondiscrimination: Licensees must not unfairly discriminate against any consumer because that consumer has not granted authorization for the disclosure of his or her nonpublic personal information pursuant to the provisions of this rule [2.4].

Conclusion

Prioritizing privacy compliance can provide a competitive advantage, reduce the possibility of regulatory issues, and help secure valuable partnerships in New Mexico. To comply with privacy regulations in New Mexico, businesses must adhere to the requirements outlined in the relevant documents.

Source(s):
Jurisdiction

New Mexico