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Can I use third-party project management tools that collect personal information in Vermont? What are the requirements?
Based on the documents provided, there are several regulations in Vermont that govern the collection and disclosure of personal information. In general, a personal information protection company must be licensed by the Department of Financial Regulation and must maintain a comprehensive information security program that contains administrative, technical, and physical safeguards sufficient to protect personal information [1.1].
Regarding the disclosure of nonpublic personal information to third parties, a financial institution may not disclose any nonpublic personal financial information about a consumer to a nonaffiliated third party unless the consumer has authorized the disclosure in writing or electronically [2.4]. However, there are exceptions to this rule, such as when the financial institution provides the initial notice and enters into a contractual agreement with the third party that prohibits the nonaffiliated third party from disclosing or using the information other than to carry out the purposes for which the financial institution disclosed the information [2.1].
It is unclear from the documents provided whether the use of third-party project management tools that collect personal information is allowed in Vermont. Therefore, it is recommended that you consult with a legal professional to determine the specific requirements and regulations that apply to your situation.
In summary, a personal information protection company must be licensed and maintain a comprehensive information security program, and a financial institution may not disclose nonpublic personal financial information about a consumer to a nonaffiliated third party without the consumer’s authorization, except under certain exceptions.
Source(s):
- [1.1] Qualified personal information protection company
- [2.1] Exception to Opt In Requirements for Disclosure of Nonpublic Personal Information for Service Providers and Joint Marketing
- [2.4] Limits on Disclosure of Nonpublic Personal Financial Information to Nonaffiliated Third Parties
Jurisdiction
Vermont