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Can I share personal information about my customers with third parties in Wyoming? What are the requirements?

Sharing Personal Information with Third Parties in Wyoming

In Wyoming, you may share personal information about your customers with third parties only if the customer has been provided with an initial notice, an opt-out notice, and a reasonable opportunity to opt-out, and the customer does not opt-out [1.1]. However, there are exceptions to the opt-out requirements, such as when you provide nonpublic personal financial information to a nonaffiliated third party to perform services for you or functions on your behalf [1.1][1.2].

The initial, annual, and revised privacy notices that you provide must include each of the following items of information, in addition to any other information you wish to provide, that applies to you and to the consumers to whom you send your privacy notice [1.4]:

  1. The categories of nonpublic personal financial information that you collect;
  2. The categories of nonpublic personal financial information that you disclose;
  3. The categories of affiliates and nonaffiliated third parties to whom you disclose nonpublic personal financial information, other than those parties to whom you disclose information under Sections 15 and 16;
  4. The categories of nonpublic personal financial information about your former customers that you disclose and the categories of affiliates and nonaffiliated third parties to whom you disclose nonpublic personal financial information about your former customers, other than those parties to whom you disclose information under Sections 15 and 16;
  5. If you disclose nonpublic personal financial information to a nonaffiliated third party under Section 14 (and no other exception in Sections 15 and 16 applies to that disclosure), a separate description of the categories of information you disclose and the categories of third parties with whom you have contracted;
  6. An explanation of the consumer’s right under Section 11(a) to opt-out of the disclosure of nonpublic personal financial information to nonaffiliated third parties, including the methods by which the consumer may exercise that right at that time;
  7. Any disclosures that you make under Section 603(d)(2)(A)(iii) of the federal Fair Credit Reporting Act (15 U.S.C. 1681a(d)(2)(A)(iii)) (that is, notices regarding the ability to opt-out of disclosures of information among affiliates);
  8. Your policies and practices with respect to protecting the confidentiality and security of nonpublic personal information; and
  9. Any disclosure that you make under Subsection (b) of this section.

Conclusion

In summary, you may share personal information about your customers with third parties in Wyoming only if you have provided the customer with an initial notice, an opt-out notice, and a reasonable opportunity to opt-out, and the customer does not opt-out. However, there are exceptions to the opt-out requirements, such as when you provide nonpublic personal financial information to a nonaffiliated third party to perform services for you or functions on your behalf. You must also provide certain information in your privacy notices, including the categories of nonpublic personal financial information that you collect and disclose, and the categories of affiliates and nonaffiliated third parties to whom you disclose nonpublic personal financial information.

Source(s):
Jurisdiction

Wyoming