§ 40-12-501 — Definitions

Wyoming § 40-12-501

• Jurisdiction: Wyoming
• Title 40: Trade and Commerce
• Ch. 12: CONSUMER PROTECTION
• Art. 5: CREDIT FREEZE REPORTS

Text

(a) As used in this act:
(i) "Breach of the security of the data system" means
unauthorized acquisition of computerized data that materially
compromises the security, confidentiality or integrity of
personal identifying information maintained by a person or
business and causes or is reasonably believed to cause loss or
injury to a resident of this state. Good faith acquisition of
personal identifying information by an employee or agent of a
person or business for the purposes of the person or business is
not a breach of the security of the data system, provided that
the personal identifying information is not used or subject to
further unauthorized disclosure;
(ii) "Consumer" means any person who is utilizing or
seeking credit for personal, family or household purposes;
(iii) "Consumer reporting agency" means any person
whose business is the assembling and evaluating of information
as to the credit standing and credit worthiness of a consumer,
for the purposes of furnishing credit reports, for monetary fees
and dues to third parties;
(iv) "Credit report" means any written or oral
report, recommendation or representation of a consumer reporting
agency as to the credit worthiness, credit standing or credit
capacity of any consumer and includes any information which is
sought or given for the purpose of serving as the basis for
determining eligibility for credit to be used primarily for
personal, family or household purposes;
(v) "Creditor" means the lender of money or vendor of
goods, services or property, including a lessor under a lease
intended as a security, rights or privileges, for which payment
is arranged through a credit transaction, or any successor to
the right, title or interest of any such lender or vendor, and
an affiliate, associate or subsidiary of any of them or any
director, officer or employee of any of them or any other person
in any way associated with any of them;
(vi) "Financial institution" means any person
licensed or chartered under the laws of any state or the United
States as a bank holding company, bank, savings and loan
association, credit union, trust company or subsidiary thereof
doing business in this state;
(vii) "Personal identifying information" means the
first name or first initial and last name of a person in
combination with one (1) or more of the data elements specified
in W.S. 6-3-901(b)(iii) through (xiv), when the data elements
are not redacted.
(A) Repealed by Laws 2015, ch. 63, § 2.
(B) Repealed by Laws 2015, ch. 63, § 2.
(C) Repealed by Laws 2015, ch. 63, § 2.
(D) Repealed by Laws 2015, ch. 63, § 2.
(E) Repealed by Laws 2015, ch. 63, § 2.
(viii) "Redact" means alteration or truncation of
data such that no more than five (5) digits of the data elements
provided in subparagraphs (vii)(A) through (D) of this
subsection are accessible as part of the personal information;
(ix) "Security freeze" means a notice placed in a
consumer's credit report, at the request of the consumer, that
prohibits the credit rating agency from releasing the consumer's
credit report or any information from it relating to an
extension of credit or the opening of a new account, without the
express authorization of the consumer;
(x) "Substitute notice" means:
(A) An electronic mail notice when the person or
business has an electronic mail address for the subject persons;
(B) Conspicuous posting of the notice on the
website page of the person or business if the person or business
maintains one; and
(C) Publication in applicable local or statewide
media.
(xi) "This act" means W.S. 40-12-501 through