So if you do business with an affiliate - ask to opt out?
with non-affiliates ask to opt in?

GLBA and SB1 makes my head spin - and changs to FCRA thrown in makes t worse - any thoughts?

I haven't even began to tackle SB1, so you're pretty brave. From what I know the bill takes effect on July, 1, 2004 so you do have some time on your side.

Contact Bankers Compliance Group. They prepared a pretty detailed handout on SB1.

Thanks for the information. One would think that Gramm Leach Bliley Act already in place would preempt the SB1 CA Financial Prvacy Act. However, I could be wrong, especiially if you're a mortgage lender, which is regulated differently from the financial institutions.

My boss was the one who went to the Privacy seminar recently, so I don't have all the details, but I think I remember he said something about GLB has an expiration date? And if it's not extended, SB1 kicks in. (Or maybe it was FCRA that expires, and he was just confused?)

Anyway, some things in SB1 pre-empt GLB, and some are the other way around.

I'll have to see if I can swipe the seminar workbook and find out the details for myself...

Has there been any interpretation on what is considered "doing business in California"? We have California residents, but no physical locations. the last I heard, it was still in the grey area on if the law applied to that situation.