MS SB2639

Allows consumer finance licensees under Title 75, Chapter 67 to permit employees to work from remote locations, provided all in-person consumer interactions still occur at licensed locations

Requires licensees to maintain data security safeguards including secure virtual private networks, and prohibits storing consumer information and records at remote locations

Mandates risk-based monitoring and oversight processes for remote work, with records of those processes maintained and accessible to the Commissioner of Banking and Consumer Finance upon request

Requires employee training on maintaining consumer confidentiality and working in environments appropriate for consumer privacy when operating remotely

Authorizes the Commissioner of Banking and Consumer Finance to promulgate rules and regulations for implementation, effective July 1, 2022