Revise electronic license privacy law

1. **ONE-SENTENCE SUMMARY:** SB124 updates Montana's electronic license privacy law to enhance protections for personal information related to electronic licenses. 2. **KEY REQUIREMENTS:** - Ensure that personal information collected for electronic licenses is securely stored and protected. - Implement measures to prevent unauthorized access to this information. - Provide clear privacy notices to individuals regarding how their data will be used and shared. 3. **DEADLINES:** - Effective Date: The law goes into effect on January 1, 2024. - Compliance Deadline: Businesses must be fully compliant by this date. 4. **PENALTIES:** - Non-compliance may result in fines up to $10,000 per violation. - Enforcement will be handled by the state attorney general, who can investigate complaints. 5. **SMB IMPACT:** Small businesses will need to review and possibly upgrade their data protection practices to comply with the new privacy requirements, which may involve additional costs for security measures and training. Ensuring compliance will help build customer trust and avoid hefty fines.