The types of personal information we collect and share depend on the product or service you have with us. This information can include: GRAMM-LEACH-BLILEY ACT VerDate 11-MAY-2000 15:09 Aug 30, 2000 Jkt 079139 PO 00102 Frm 00001 Fmt 6579 Sfmt 6579 E:PUBLAWPUBL102.106 apps13 PsN: PUBL102 TITLE V—PRIVACY Subtitle A—Disclosure of Nonpublic Personal Information Sec. 501. Protection of nonpublic personal information. No liability if posted notices are damaged Enacted on November 12, 1999, the GLBA is government regulation aimed at addressing concerns related to consumer financial privacy. The Gramm-Leach-Bliley Act requirements detail how the Federal Trade Commission (FTC) and other government agencies must regulate financial institutions The penalties for non-compliance with the GLBA are unforgiving. Penalties range from fines to five years imprisonment. A financial institution can be fined $100,000 for each violation. If that wasn't enough, officers and directors can also be fined up to $10,000 for each violation. The Model Regulation implements the privacy provisions of the Gramm-Leach-Bliley Act ("GLBA") for insurers, producers and other persons licensed by state insurance regulators ("licensees"). 2019, sunset the safe harbor for the privacy notice sample clauses found in the original Model Regulation. To learn more about the required text for each section, see the final rule notice published in the Federal Register on December 1, 2009 (pp. 62890-62994). The notice is available in PDF format at GLBA Title V governs the treatment of nonpublic personal information about consumers. It requires notice to consumers about a financial institution's privacy policies and practices, describes when nonpublic personal information may be disclosed to nonaffiliated third parties, and provides mechanisms for consumers to "opt out" from information sharing in certain circumstances. Under the Gramm-Leach-Bliley Act, we are permitted to share with third parties, without regard to the customer choices, in connection with situations where we are required to disclose information, such as responding to subpoenas or tax reporting, and for typical business activities, such as sharing to identify or prevent fraud, to resolve GLBA Compliance Checklist. The Graham-Leach-Bliley Act (GLBA), also known as the 'Financial Modernization Act,' is a United States law that was passed to ensure that financial institutions obtain consent from their data subjects before sharing their non-public personal information (NPI). Before collecting information about an individual the Gramm-Leach-Bliley Act for its insurance agents and brokers. FTC and several other federal agencies have created a sample privacy policy notice, which provides a safe harbor to federally-regulated financial institutions that use and abide by the terms of the sample notice. The U.S. Securities and Exchange Commission ("SEC") announced on April 15, 2009 that it is reopening the period for public comment on proposed amendments to Regulation S-P, the SEC's Gramm-Leach-Bliley Act ("GLBA") implementing regulations. The SEC's announcement follows the release of a report detailing the results of the second phase of the Interagency Notice Project ("INP"). Gentlepeople: re: Acct. No. xxxxxxx. Your privacy notice states unambiguously that you may use my information as "permitted by law". I am exercising my rights under the Gramm-Leach-Bliley Act (GLBA) and the Fair Credit Reporting Act to