HB 1250 - DIGEST

(SUBSTITUTED FOR - SEE 1ST SUB)

     Finds that the risks of improper use or release of private financial information is increasing as computer and communication technology improves and unscrupulous persons find ever more clever ways to improperly obtain and use financial information.

     Intends to discourage improper use or release of financial information by requiring holders of such information to be more diligent in protecting it from improper use or release and by creating penalties for improperly obtaining or using financial information.

     Declares it is the public policy of this state that a person's interest in the proper use and release of that person's financial information survives regardless of who holds the information.