§431:3A-202  Annual privacy notice to customers required.  (a)  Except as provided in subsection (b), a licensee shall provide a clear and conspicuous notice to customers that accurately reflects its privacy policies and practices not less than annually during the continuation of the customer relationship.  For the purposes of this section, "annually" means at least once in any period of twelve consecutive months during which that relationship exists.  A licensee may define the twelve-consecutive-month period, but the licensee shall apply it to the customer on a consistent basis.

     (b)  A licensee shall not be required to provide an annual notice to a customer under this section if the licensee:

     (1)  Has provided nonpublic personal financial information to nonaffiliated third parties in accordance with section 431:3A-401, 431:3A-402, or 431:3A-403; and

     (2)  Has not changed its policies and practices relating to the disclosure of nonpublic personal information from the most recent notice sent to customers in accordance with this section or section 431:3A-201.

     (c)  A licensee shall not be required to provide an annual notice to a former customer.  A former customer is an individual with whom a licensee no longer has a continuing relationship.

     (d)  If a licensee is required under this section to deliver an annual privacy notice, the licensee shall deliver it according to section 431:3A-206. [L 2001, c 220, pt of §1; am L 2019, c 200, §2]