Mich. Comp. Laws § 500.519: Opt out notice; requirements.
Where this section sits in the code
- MI Code
- Chapter 500
- Act Act-218-of-1956
Sec. 519.
If a licensee is required to provide an opt out notice under section 529, it shall provide a clear and conspicuous notice to each of its consumers that accurately explains the right to opt out under that section. The notice shall state all of the following:
That the licensee discloses or reserves the right to disclose nonpublic personal financial information about its consumer to a nonaffiliated third party.
That the consumer has the right to opt out of that disclosure.
A reasonable means by which the consumer may exercise the opt out right.
A licensee may provide the required opt out notice together with or on the same written or electronic form as the initial notice.
If a licensee provides the opt out notice later than required for the initial notice, the licensee shall also include a copy of the initial notice with the opt out notice in writing or, if the consumer agrees, electronically.
Collected 2026-09-14T18:32:31Z. Source file · JSON