FOURTEENTH CONGRESS OF THE REPUBLIC 
Second Regular Session 
) 
OF THE PHILIPPINES 
S E N A T E  
S. No. - 
3306. 
Introduced by Senator Manuel "Lito" M. Lapid 
EXPLANATORY NOTE 
In view of the increasing incidence of people receiving calls or text 
messages from persistent telemarketers offering a myriad of products such as 
pre-approved credit cards, low-interest cash loans, foreign currency trading or 
pre-paid insurance, there is a need to regulate the disclosure of personal 
information of consumers responsive to today's security prerequisites. 
Telemarketers obtain information such as a consumer's name and contact 
numbers usually from credit card companies, and commercial and service 
establishments which require their customers to fill-up forms where they are 
required to disclose information such as status, residence address, office 
address and contact number. This valuable information is then "sold to various 
companies and telemarketers for a sum like a communal commodity. If not sold, 
this information is nonetheless shared without the consumer's express consent. 
This bill seeks to provide consumer privacy protection and impose stiff 
penalties on any person, natural or jmidical,officer or employee of a banking or 
financial institution and commercial and service establishments which disclose to 
any person personal information to be utilized for said telemarketing or other 
similar schemes. 
In view of the foregoing, early passage of this bill is earnestly s A 
J 
MANUEL "LITO" M. LAPID.1 
Senafor 
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FOURTEENTH CONGRESS OF THE REPUBLIC 
) 
OF THE PHILIPPINES 
1 
Second Regular Session 
1 
S E N A T E  
Introduced by Senator Manuel “Lito” M. Lapid 
AN ACT 
REGULATING THE DISCLOSURE AND SALE OF PERSONAL 
CONSUMERS’ INFORMATION PROVIDING PENALTIES THEREFOR 
AND FOR OTHER PURPOSES 
Be it enacted by the Senate and the House of Representatives of the 
Philippines in Congress assembled: 
Section I. 
It is the policy of the State to promote the general welfare and 
protect the privacy of consumers from persistent telemarketers and schemers by 
regulating the disclosure and sale of consumers’ personal information except 
upon written consent of the consumer. 
Section 2. All personal information disclosed by clients or consumers to 
banks and other financial institutions and commercial and service establishments 
and entities doing business in the Philippines are hereby considered absolutely 
confidential in nature and may not be examined, inquired or looked into by any 
person, government official, bureau or office, except upon written permission of 
the consumer concerned, or in cases of impeachment, or upon order of a 
competent court in cases of bribery or dereliction of duty of public officials, or in 
cases where the account is the subject matter of a litigation. 
Section 3. It shall be unlawful for any person, natural or juridical, officer or 
employee of a banking or financial institution or commercial and service 
establishments or entities to disclose for value or other consideration to any 
person other than those mentioned in section two hereof any information 
concerning any consumer or client. 
Section 4. Any violation of this law will subject the offender upon 
conviction, to an imprisonment of not more than five (5) years or a fine, of not 
less than Ten Thousand Pesos (Php10,000.00) but not more than Fifty Thousand 
1 


Pesos (Php50,000.00) or both, at the discretion of the court, taking into 
consideration all attending circumstances. 
If the entity responsible for the prohibited act is a corporation, trust or firm, 
partnership, association or any other entity, the penalty of imprisonment shall be 
imposed on the entity's responsible officers, including, but not limited to, the 
president, vice-president, chief executive officer, general manager, managing 
director, or partner directly responsible therefor. 
Secfion 5. If any provision or part hereof, is held invalid or 
unconstitutional, the remainder of the law or the provision not otherwise affected 
shall remain valid and subsisting. 
Section 6. Any law, presidential decree or issuance, executive order, 
tetter of instruction, administrative order, rule or regulation contrary to or 
inconsistent with the provisions of this Act is hereby repealed, modified or 
amended accordingly. 
Section 7. This Act shall take effect fifteen (15) days after its publication in 
at least two (2) newspapers of general circulation. 
Approved, 
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