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Can I skip obtaining consent to sell personal information in Idaho? What are the requirements?

Selling Personal Information in Idaho

Based on the provided context documents, obtaining consent is generally required to sell personal information in Idaho. However, there are some exceptions to the notice and opt-out requirements for disclosure of nonpublic personal financial information [2.1].

To sell personal information in Idaho, you must obtain consent from individuals, legal representatives, or informal representatives. The requirements for obtaining consent may vary depending on the specific circumstances.

Exceptions to the notice and opt-out requirements for disclosure of nonpublic personal financial information include:

  • With the consent or at the direction of the consumer [2.1]
  • To protect the confidentiality or security of a licensee’s records pertaining to the consumer, service, product, or transaction [2.1]
  • To protect against or prevent actual or potential fraud or unauthorized transactions [2.1]
  • For prescribed institutional risk control or for resolving consumer disputes or inquiries [2.1]
  • To persons holding a legal or beneficial interest relating to the consumer [2.1]
  • To persons acting in a fiduciary or representative capacity on behalf of the consumer [2.1]
  • To provide information to insurance rate advisory organizations, guaranty funds or agencies, agencies rating a licensee, persons assessing the licensee’s compliance with industry standards, and the licensee’s attorneys, accountants, and auditors [2.1]
  • To comply with federal, state, or local laws, rules, and other applicable legal requirements; to comply with a properly authorized civil, criminal, or regulatory investigation, or subpoena or summons by federal, state, or local authorities; or to respond to judicial process or government regulatory authorities having jurisdiction over a licensee for examination, compliance, or other purposes as authorized by law [2.1]

Therefore, while obtaining consent is generally required to sell personal information in Idaho, there are some exceptions to this requirement. It is important to review the specific circumstances and applicable laws to determine whether obtaining consent is necessary.

Source(s):
Jurisdiction

Idaho