What must a licensee do if it discloses nonpublic personal financial information to a nonaffiliated third party for marketing?

When a licensee discloses nonpublic personal financial information to a nonaffiliated third party for marketing purposes, it is essential to list the categories of information that have been shared and clarify the relationship with those third parties. This requirement is part of maintaining transparency and ensuring that customers are aware of how their personal information is being used and who it is being shared with.

By listing the categories of disclosed information, the licensee helps consumers understand the scope of what is shared, which is critical for consumer protection and trust. Additionally, stating the relationship with the third parties gives customers insight into the nature of these external entities and how they might use the information provided.

This practice aligns with regulations pertaining to privacy and data protection, emphasizing the importance of informed consent and openness regarding the handling of personal financial information.