Gramm Xxxxx Xxxxxx Act. MINNESOTA STATE and the CONTRACTOR mutually agree to comply with the requirements of the Gramm Xxxxx Xxxxxx Act (“GLB”) dealing with the confidentiality of customer information and the Safeguards Rule.
Gramm Xxxxx Xxxxxx Act. If the Contractor will have access to Institution’s customers’ non-public financial information (e.g., personal Information that is maintained by Institution to provide a financial product or service, such as a student loan) the following Gramm Xxxxx Xxxxxx Act (GLBA) clause shall apply to this agreement:Throughout the term of this Agreement, Contractor shall implement an Information Security Program (“the Program”) and maintain “appropriate safeguards,” as required by 16 C.F.R. § 314, for all “customer information,” (as that term is defined in 16 C.F.R § 314.2(b)) obtained by or provided to Contractor pursuant to this Agreement. Contractor shall promptly notify Institution, in writing, of each instance of (i) unauthorized access to or use that nonpublic financial customer information that could result in substantial harm or inconvenience to a customer of Institution or (ii) unauthorized disclosure, misuse, alteration, destruction or other compromise of that nonpublic financial customer information. Contractor shall forever defend and hold Institution harmless from all claims, liabilities, damages, or judgments involving a third party, including Institution’s costs and attorney fees, which arise as a result of Contractor’s failure to meet any of its obligations under this provision. Contractor shall further agree to reimburse Institution for its direct damages (e.g., cost to reconstruct lost or altered information) resulting from any security breach, loss, or alteration of nonpublic financial customer information caused by the Contractor or its subcontractor or agents. Contractor grants Institution the right to conduct on-site audits, as deemed necessary by Institution, of the Contractor’s Program to ensure the integrity of the Contractor’s safeguarding of Institution’s customers’ nonpublic financial information. Institution retains the right to unilaterally terminate the Agreement, without prior notice, if Contractor has allowed a material breach of its program in violation of its obligation under the GLBA, if Contractor has lost or materially altered nonpublic financial customer information, or if Institution reasonably determines that Contractor’s Program is inadequate. Within thirty (30) days of the termination or expiration of this Agreement, Contractor shall, at the election of Institution, either: (1) return to Institution or (2) destroy (and shall cause each of its agents to destroy) all records, electronic or otherwise, in it or its agent’s posses...
Gramm Xxxxx Xxxxxx Act. The Company shall comply with Title V of the Xxxxx-Xxxxx-Xxxxxx Act of 1999 and all applicable regulations promulgated thereunder, relating to the Mortgage Loans and the related Mortgagors and shall provide all required notices thereunder.
Gramm Xxxxx Xxxxxx Act. Section 4.05.Disaster Recovery/Business Continuity Plan.
Gramm Xxxxx Xxxxxx Act. The Seller shall comply with Title V of the Xxxxx-Xxxxx-Xxxxxx Act of 1999 and all applicable regulations promulgated thereunder, relating to the Mortgage Loans and the related Mortgagors and shall provide all required notices thereunder required prior to the Servicing Transfer Date.
