North Dakota Financial Information Constitutional Measure (General) (2002)
From Ballotpedia
North Dakota's Relating to the disclosure of financial information by financial institutions and notification of privacy policies is a legislatively-referred constitutional amendment that concerns the disclosure of customer information by financial institutions, including banks and credit unions, and notification of privacy policies by financial institutions. The law changes the definitions of a “customer” of a financial institution and “customer information” to be similar to that provided in federal law. It permits financial institutions to disclose nonpublic personal information to third parties unless the customer does not agree to the disclosure and so notifies the financial institution, a process that has been termed “opting out.” The law also requires financial institutions to notify their agricultural and commercial customers about the financial institution’s privacy policies and to notify those customers annually of their ability to “opt out” of the disclosure of nonpublic information. Voting “YES” means you agree with the provisions of Senate Bill No. 2191, as summarized above, and agree to uphold the measure. Voting “NO” means you disagree with the provisions of Senate Bill 2191, as summarized above, and agree to repeal the measure.(1161)
The measure passed with 51.5% of the vote.
See also
- List of North Dakota ballot measures
- Procedures for qualifying an initiative in North Dakota
- Laws governing the initiative process in North Dakota
- Campaign finance requirements for North Dakota ballot measures
- North Dakota 2002 ballot measures
- North Dakota signature requirements
