California Financial Code

§ 4056

FIN § 4056 Effective Jan 1, 2025Div. 1.4

Statute text

(a)This division shall not apply to information that is not personally identifiable to a particular person.

(b)Notwithstanding Sections 4052.5, 4053, 4054, and 4054.6, a financial institution may release nonpublic personal information under the following circumstances:

(1)The nonpublic personal information is necessary to effect, administer, or enforce a transaction requested or authorized by the consumer, or in connection with servicing or processing a financial product or service requested or authorized by the consumer, or in connection with maintaining or servicing the consumer’s account with the financial institution, or with another entity as part of a private label credit card program or other extension of credit on behalf of that entity, or in connection with a proposed or actual securitization or secondary market sale, including sales of servicing rights, or similar transactions related to a transaction of the consumer.

…

Legislative history

Amended by Stats. 2024, Ch. 227, Sec. 29. (AB 3279) Effective January 1, 2025.