I am getting calls about The Gramm-Leach-Bliley Act also known as Gramm-Leach-Bliley Act, 15 USC, Subchapter I, Sec. 6801-6809, Disclosure of Nonpublic Personal Information  http://www.ftc.gov/privacy/glbact/glbsub1.htm 

The law serves to protect customers’ personal information. http://www.ftc.gov/bcp/edu/microsites/idtheft/business/safeguards.html 

As part of its implementation of the GLB Act, the FTC issued the Safeguards Rule , which requires financial institutions to have measures in place to keep customer information secure. http://www.ftc.gov/os/2002/05/67fr36585.pdf .  It’s 12 pages of good clean information about consumer data.  I highly recommend you read it.  It is aimed at companies that collect personal information from their customers, including names, addresses, and phone numbers; bank and credit card account numbers; income and credit histories; and Social Security numbers.  The Act covers “financial institutions” to ensure the security and confidentiality of this type of information.” 

The definition of “financial institution” under the Act is broad, and includes many businesses that may not normally describe themselves that way.  These include, for example, check-cashing businesses, payday lenders, mortgage brokers, nonbank lenders, real estate appraisers, and professional tax preparers.  NOT real estate brokers.  “The proposal, the Safeguards Rule does not cover recipients of customer information that are not financial institutions, and are also neither affiliates nor service providers as defined by the Rule.” 

 So it doesn’t apply to you?  Not per se, but you have other concerns.

 Your must provide any paperwork to your broker Prudential®, Americana Group, REALTORS® 5 calendar days after that paperwork is executed by all the parties.  NAC 645.650.

 All records must be kept in this State; and for 1 year after the transaction you shall not disclose confidential information relating to your client NRS 645.254.

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