California Financial Code

§ 4051.5

FIN § 4051.5 Effective Jan 1, 2004Div. 1.4

Statute text

(a)The Legislature finds and declares all of the following:

(1)The California Constitution protects the privacy of California citizens from unwarranted intrusions into their private and personal lives.

(2)Federal banking legislation, known as the Gramm-Leach-Bliley Act, which breaks down restrictions on affiliation among different types of financial institutions, increases the likelihood that the personal financial information of California residents will be widely shared among, between, and within companies.

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Legislative history

Added by Stats. 2003, Ch. 241, Sec. 1. Effective January 1, 2004. Section operative July 1, 2004, pursuant to Section 4060.