Gramm-Leach-Bliley Act

This information can help you understand if the Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub. L. No. 106-102, 113 Stat. 1338 (November 12, 1999) (GLBA) law applies to you. It is important to note that it does NOT apply if you simply take credit cards for payment. Does your organization provide financial services that place you under the security provisions of GLBA, which includes regulations to protect consumers’ personal financial information?

• Do you collect personal financial information pursuant to issuing credit, including credit cards? (Accepting credit does not apply.)
• Do you collect personal financial information pursuant to granting loans?
• Do you collect payments on which interest is paid? (Deferred payment plans that do not charge interest do not apply.)
• Do you broker investments or mortgages?
• Do you provide financial advice for a fee?
• Do you collect personal financial information pursuant to any other “financial product or service”?
• Have you negotiated a contract with a financial service provider or do you plan to in the future?