Gramm-Leach-Bliley Act Notice

In accordance with the following regulations:

• FTC regulations: 16 CFR 313.3 (n) and 16 CFR 314.1-5
• Gramm-Leach-Bliley Act: Sections 501 and 505 (b) (2)
• and US Code: 15 USC 6801 (b), 6805 (b) (2)

Platt College has designed and elemented an information security program under the direction of the Coordinator of IT Services.  Mark Finken, Coordinator of IT Services is designated as the program officer responsible for overseeing the program and any revisions made to it. 

In 1999, Congress enacted the Gramm‐Leach‐Bliley Act (Public Law 106‐102). This Act requires that lenders provide certain information to their customers regarding the collection and use of nonpublic personal information.  We disclose nonpublic information to third parties only as necessary to process financial information and as permitted by the Privacy Act of 1974 (FERPA). We do not sell or otherwise make available any information about you to any third parties for marketing purposes.

We protect the security and confidentiality personal information in accordance with Policy 07:19:00 Protection of Consumer Information Under the Gramm Leach Bliley Act. All physical access to the sites where nonpublic personal information is maintained is controlled and monitored. Our computer systems offer a high degree of resistance to tampering and circumvention. These systems limit data access to our staff and contract staff on a “need‐to‐know” basis, and control individual users’ ability to access and alter records within the systems. All users of these systems are given a unique user ID with personal identifiers.

Requirements

Mandated by the Federal Trade Commisison's Safeguards Rule and the Gramm-Leach-Bliley Act (GLBA) this webpage describes the ways in which Platt College intends to (a) ensure the security and confidentiality of covered records, (b) protect against any anticipated threats or hazards to the security of such records, and (c) protect againt the unauthorized access or use of such records or information in ways that could result in substantial harm or incovenience to customers.  These practices impact departments including but not limited to the financial aid, financial services, registrar, students services, and the library. 

The program applies to any record containing nonpublic financial information about a student or other third party who has a relationship with the College, whether in paper, electronic or other form, that is handled or maintained by or on behalf of the College or its affliliates.

For these purposes, the term nonpublic financial information shall mean any information (i) a student or other third party provides in order to obtain a financial service from the Institution, (ii) about a student or other third party resulting from any transaction with the Institution involving a financial service, or (iii) otherwise obtained about a student or other third party in connection with providing a financial service to that person.