HRS §431:3A-205
When a company must send a new privacy notice
A company cannot share your private financial information with outside companies unless it first sends you a clear updated notice and a new opt-out notice, gives you a chance to say no, and you do not opt out. If it must send a revised notice, it must follow the delivery rules in another section.
financial institutions
The statute, as written — Revised privacy notices
(a) Except as otherwise provided in this article, a licensee shall not, directly or through an affiliate, disclose any nonpublic personal financial information about a consumer to a nonaffiliated third party other than as described in the initial notice that the licensee provided to that consumer under section 431:3A-201, unless: (1) The licensee has provided to the consumer a clear and conspicuous revised notice that accurately describes its policies and practices; (2) The licensee has provided to the consumer a new opt out notice; (3) 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 (4) The consumer does not opt out. (b) If a licensee is required to deliver a revised privacy notice under subsection (a), the licensee shall deliver it in accordance with section 431:3A-206.
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