HomeMy WebLinkAboutMINUTES - 09162003 - C.14 O DI ANCIE IN . 20C-3-3€1
PROTECTING CONSUFINANCIAL INFORMATION
the C`oa�-fr C C {r^v.�^u ¢ "}"�g..�y d f y0.,up erv° r y^d,a fo"' ws (f: It .,i i°he -1-n het;c all
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n.00tr�.t•EJ s titin s t.ie ofi:.&izCai t'+✓h: vS ta:b�si4`� b V f11-,-L-,,6ed ,tail-1 Xis'ons o he Co .tv ` .-d1.na nce
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SECTI N I° 71rhiis ordinance a-mends Section 5:8 of the County Ordinance Code ;o co ply with
the order of he _Di.ed States is.ric6 �,o�in '� ,s Judgment� ��¢ ��August - , ���� �r :hb case of
Bank of America. ,t y Ci-y Ci-yof Daly Kiev, al= ,:ia et al, his ordinance ce a1so amends
nce o. 2€ 03-44 to extend its effect ve date. -
�iFi�dibt_vi,.
SECTION 11. Section 518-4.602(a) o¢�°theCounty
COrdinance Code is�4.��z°p��endey'p to read:
Eb.,a) A financial institution shalI ro &d Sblose to, o3 sSE:+,.Yde a cod surae-
confidential co issuer i forma6ion with any nonaffiliated third party unless the firanciai
institution has ,nrovided writtl—n noticeto the e/,�o43Surner to whom the w oi'ifidentiia'
cons riser irkf'' -matla`3°L rela¢ Sand% riI SS the Lni26W2cial ? 3St- tioi: haS o 9t Iri d 2c co Se t
ackrowledgrnent signed 6y the consumer that authorizes the Y�fi`anc ai institution to
disc use or share the con-ide£tial consumer m-er inforat.on. A Financial, institution shall not
deny ?n1Ys4t» er A financial JSo o-uct or a financial, DWATce because the Co 13hdad 3iv S0:
provided the signed con-sent ae-knowled meat required by this section to authorize the
zea cisy n ls6at it'_C to disclose or share his or her con der=6 al consumer in�or a,"'o, wb.�
any noriaffi fated third arty," (Ords° 2003-30, § 2; 2002-30, §2.)
SECTION 111. Section 518-4.604(a' of the- County Ordinance Code is am. ended to read-,
"(a) Nothing in this ord-ina ce. small reg`.'',uire a finarloi'aaal institution tf"i provice a
written notdce to consumer:�°:,rsuant, to Section: 51.8.4.602 if the financi institution does
not disclose confidential inforrnation to any nona:f luted third party, except.as provided
in Section 518-4.606." (Oras. 2003-30, § 3, 2003-03, § 5, 2002®30, § 2.;
SECTION V. Section 518-4.608(a) of the County Ordinance Code is mended to read:
"(a) T he restrictions on disclosure and use of confidential a onsuirier
fowtior:, and t*
i" e requirement dor L3oticat63ri, disclosure, and coria r ity for the
consumer to either direct that the confidential c;o'nsumer information not be d.sclosed or
provided prior written consent, as provide , this chapter, do not apply to arty person or
entity that wets the requirements of paragraph (l0 or 2 f of this subsection except when
confidential consumer information is or wil be shared with a nonaffiliated third party.
(1) 'i he erson or e t.ty is :ice Lsed in one or both of the following
categories arid, is acii-ng within the scope of fide respective icer-se:
(AAs 6"in i:9„SLira dA✓e ro i0;er, licensed pursuant to Chapter ✓
bon ri orcin with Section: '621), Chapter 6 ((comrnenc-ing with Sedtion 1760), or
Chapter S tco mencein with Section~ 183 1) of Division 1 of the Lnsurance Code,
O D'INTANCE NO. 2003-30
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(Ba Is duty licensed to sell securities.
f2) Tile Person 'Or entity meets the requirements dot paragrapeh (l) o
l-is subsection and has a written co tractua# agree �e�nt with another person or
entity desNri eCl i -arag'ra'uh 1,11; o this subsection and the contract caariy---id
exp:icitly cludes the following:
(A) The r ghts and cbligatmr:s °bets✓eenhe licer- ees arising out ofthe
business relationship relating to :isuraa ce der secur ties transactions.
p An exralici' mital�on- der, tine:ase od con�adent?ai cons,, rn
mfor W ti gout consumer to transactions
actions a,=t prized by the contract and
Xa�E Li.i�' V:S bb� {k LGXu�`Yiw 11 Wi L'ti La'pV,.S.£+ti U'w iV a,L 4 4.i ki
pe : itted nursuant .o the ordinance codified in this chapter.
+ry scope
!L�%>Sqe '�u+:3. :sSwA iyPi166L�YL�a$at lra 5.3K�^.d[y/��xa,%ryo{ns sped¢yyPied+�a"'.'t thbpi Vaal%�...'�4+2/!aGSA/¢LGC/ly1,!n$�YY�y$t5/L��hin,
wile scope or actnvi�, e s pe itted by the iixdb.nse of the pa bi8/s." (Orris , 20,0✓e✓V, §
s 2002-30; § 2.)
SECTION V. SECTION H ofOrdinance No. 2002444 is amnended to read as follows:
"SECTION IL EFFECTIVE 'D. ATH, ThIs ordlinance shallibe effective July s,
2004, arab w, I in 11 5 days of passage sinal: be published price with the natnes of txae
supervisors voting for and against it in t:lie Contra Costa"Times, a newspaper
nublis ed, it this County." ' rd-s, 20,03p30, § 5; 2002-44, § 2; 2002-310g § 3•)
EC"TI N VL FFE :' E A 7 E. This ordinance sinal'be effective 3") days ase
:.,<passage, and
a_�,..
within '5 days of Massage shall be ,ilol;shed once with the nam es ofthe supervisors voting for
and. against if in the Contra Costa 'Times, a newspaper published in this County,
PASSED ON s by the following vote:
'DOES=
ABS' N""I'"
MAE
ABS TA : NOME �
%{Y:,1.��anh��,� O' T Clerk `le f
.eS 3. (i...± o SWEETEN,1 $ t
Board€nm Supervisors and Cdnunty Board Chair
dm inistrator
y 1SEAL
Deputy
ORDINANCE, NO. 2003-30
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