GLBA 502(b)(2): Sec. 502(b)(2) (15 U.S.C. 6802(b)(2)) Service provider and joint marketing exception with disclosure and a confidentiality contract

The opt-out does not prevent an institution from providing nonpublic personal information to a nonaffiliated third party to perform services or functions on its behalf, including marketing the institution's own products or services or financial products offered under joint agreements between financial institutions that comply with the section 504 regulations, provided the institution fully discloses the providing of the information and enters into a contract requiring the third party to keep it confidential.