Section 500.525 - Disclosure of nonpublic personal financial information to nonaffiliated third partyExcept as otherwise authorized in this chapter, a licensee shall not, directly or through any affiliate, disclose any nonpublic personal financial information about a consumer to a nonaffiliated third party other than as described in the initial notice unless all of the following have been met:
(a) The licensee has provided to the consumer a clear and conspicuous revised notice that accurately describes its policies and practices.(b) The licensee has provided to the consumer a new opt out notice.(c) The licensee has given the consumer a reasonable opportunity, before the licensee discloses the information to the nonaffiliated third party, to opt out of the disclosure, and the consumer does not opt out.Add. 2001, Act 24, Imd. Eff. 6/18/2001 .