Source: https://www.law.cornell.edu/cfr/text/12/332.13
Timestamp: 2016-05-03 06:44:21
Document Index: 589996172

Matched Legal Cases: ['art 332', '§ 332', '§ 332', '§ 332', '§ 332', '§ 332', '§ 332', '§ 332', '§ 332', '§ 332', '§ 332', '§ 1819']

12 CFR 332.13 - Exception to opt out requirements for service providers and joint marketing. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter III › Subchapter B › Part 332 › Subpart C › Section 332.13 12 CFR 332.13 - Exception to opt out requirements for service providers and joint marketing.
§ 332.13
The opt out requirements in§§ 332.7 and 332.10 do not apply when you provide nonpublic personal information to a nonaffiliated third party to perform services for you or functions on your behalf, if you:
Provide the initial notice in accordance with§ 332.4; and
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 you disclosed the information, including use under an exception in§ 332.14 or 332.15 in the ordinary course of business to carry out those purposes.
If you disclose nonpublic personal information under this section to a financial institution with which you perform joint marketing, your contractual agreement with that institution meets the requirements of paragraph (a)(1)(ii) of this section if it prohibits the institution from disclosing or using the nonpublic personal information except as necessary to carry out the joint marketing or under an exception in § 332.14 or 332.15 in the ordinary course of business to carry out that joint marketing.
§ 332.13 Exception to opt out requirements for service providers and joint marketing.
(1) The opt out requirements in §§ 332.7 and 332.10 do not apply when you provide nonpublic personal information to a nonaffiliated third party to perform services for you or functions on your behalf, if you: (i) Provide the initial notice in accordance with § 332.4; and (ii) 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 you disclosed the information, including use under an exception in § 332.14 or 332.15 in the ordinary course of business to carry out those purposes. (2)
Example. If you disclose nonpublic personal information under this section to a financial institution with which you perform joint marketing, your contractual agreement with that institution meets the requirements of paragraph (a)(1)(ii) of this section if it prohibits the institution from disclosing or using the nonpublic personal information except as necessary to carry out the joint marketing or under an exception in § 332.14 or 332.15 in the ordinary course of business to carry out that joint marketing. (b)
Definition of joint agreement. For purposes of this section, joint agreement means a written contract pursuant to which you and one or more financial institutions jointly offer, endorse, or sponsor a financial product or service. This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 12 - BANKS AND BANKING§ 1819 - Corporate powers