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Can I skip obtaining consent to disclose personal information for a business purpose in Wyoming? What are the requirements?

Answer

Based on the additional context provided in [1.2], there is an exception to the opt-out requirements for disclosing nonpublic personal financial information for service providers and joint marketing. Under this exception, a licensee can provide nonpublic personal financial information to a nonaffiliated third party to perform services for the licensee or functions on the licensee’s behalf without obtaining consent, as long as the licensee provides the initial notice in accordance with Section 5 and enters into a contractual agreement with the third party that prohibits the third party from disclosing or using the information other than to carry out the purposes for which the licensee disclosed the information, including use under an exception in Sections 15 or 16 in the ordinary course of business to carry out those purposes [1.2].

Therefore, if the licensee meets the requirements of this exception, they can skip obtaining consent to disclose personal information for a business purpose in Wyoming.

Requirements

To skip obtaining consent to disclose personal information for a business purpose in Wyoming, a licensee must meet the following requirements:

  • The licensee must provide the initial notice in accordance with Section 5 [1.2].
  • The licensee must enter into a contractual agreement with the third party that prohibits the third party from disclosing or using the information other than to carry out the purposes for which the licensee disclosed the information, including use under an exception in Sections 15 or 16 in the ordinary course of business to carry out those purposes [1.2].

If the licensee meets these requirements, they can skip obtaining consent to disclose personal information for a business purpose in Wyoming.

Source(s):
Jurisdiction

Wyoming