Maine Revised Statutes Title 9-A Sec. 8-510 – Disclosure of lists of the names, addresses and account numbers of credit card holders
Current as of: 2023 | Check for updates
|
Other versions
1. Disclosure prohibited. Except as provided in subsection 2, it is unlawful for a person, business, corporation, partnership, agency, financial institution, credit card registration service or other entity to rent, sell, exchange or otherwise disclose or make available to another person or entity a list containing the names, addresses and account numbers of credit card holders without the express, written permission of the credit card holders.
[PL 2011, c. 427, Pt. A, §15 (NEW).]
Terms Used In Maine Revised Statutes Title 9-A Sec. 8-510
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fair Credit Reporting Act: A federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. Source: OCC
- Fraud: Intentional deception resulting in injury to another.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
2. Exceptions. The following disclosures of lists containing the names, addresses and account numbers of credit card holders are not prohibited:
A. Disclosure to or from a consumer reporting agency, as defined in Title 10, section 1308, subsection 3, as long as the transfer is for purposes of compliance with and in a manner consistent with the terms of the Fair Credit Reporting Act; [PL 2013, c. 588, Pt. C, §1 (AMD).]
B. Disclosure between a parent corporation and a subsidiary or affiliate of that corporation or between subsidiaries or affiliates of a parent corporation; [PL 2011, c. 427, Pt. A, §15 (NEW).]
C. Disclosure in connection with the sale or pledge, or negotiation of the sale or pledge, of any portion of a business or the assets of a business, as long as the party to whom disclosure is made maintains the confidentiality of the information disclosed; [PL 2011, c. 427, Pt. A, §15 (NEW).]
D. Disclosure in connection with authorization, processing, billing, collection, charge-back, fraud prevention or credit card recovery; and [PL 2011, c. 427, Pt. A, §15 (NEW).]
E. Disclosure pursuant to state or federal law or at the direction of a governmental entity pursuant to law or in response to a court order. [PL 2011, c. 427, Pt. A, §15 (NEW).]
[PL 2013, c. 588, Pt. C, §1 (AMD).]
3. Violation. A violation of this section constitutes a violation of the Maine Consumer Credit Code and the Maine Unfair Trade Practices Act.
[PL 2011, c. 427, Pt. A, §15 (NEW).]
SECTION HISTORY
PL 2011, c. 427, Pt. A, §15 (NEW). PL 2013, c. 588, Pt. C, §1 (AMD).