Michigan § 500.535 - Applicability of opt out requirements in MCL 500.519 and 500.529; “joint agreement” defined.
Full text of Michigan Michigan Compiled Laws § 500.535 — Applicability of opt out requirements in MCL 500.519 and 500.529; “joint agreement” defined., with citation guidance and answers to common questions.
§ 500.535. Applicability of opt out requirements in MCL 500.519 and 500.529; “joint agreement” defined.
The opt out requirements in sections 519 and 529 do not apply when a licensee provides nonpublic personal financial information to a nonaffiliated third party to perform services for the licensee or functions on the licensee's behalf, if the licensee does both of the following:
Provides the initial notice.
Enters into a contractual agreement with the third party that prohibits the third party from disclosing or using the information other than to carry out the purposes for which the licensee disclosed the information, including use under an exception in section 537 or 539 in the ordinary course of business to carry out those purposes.
The services a nonaffiliated third party performs for a licensee under subsection (1) may include marketing of the licensee's own products or services or marketing of insurance products or services offered pursuant to joint agreements between the licensee and 1 or more financial institutions.
As used in this section, "joint agreement" means a written contract pursuant to which a licensee and 1 or more financial institutions jointly offer, endorse, or sponsor a financial product or service.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.535
What does Michigan Compiled Laws § 500.535 cover?
Section 500.535 ("Applicability of opt out requirements in MCL 500.519 and 500.529; “joint agreement” defined.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 500.535?
A common citation format is "Michigan Compiled Laws § 500.535" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 500.535 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.