From: Gary Wood [gwood@cfsi.net]
Sent: Monday, February 16, 2004 12:26 PM
To: rule-comments@sec.gov
Subject: File No. S7-30-03

y name is Gary E. Wood, my phone number is 512 347 1492.

The GLB legislation places an unnecessary burden on collection companies
that do not share private, personal information.

Even though we do not share the information, we are required to notify the
debtor that we do not share that information, and that there is no need for
the debtor to opt out of sharing.

This creates a substantial financial burden on collection companies who must
mail this notice annually.

I suspect it confuses debtors who are told that there is no need for them to
take action in response to those mailings.

It would be simpler if those who do not share data were exempt from the
notice requirements.

Thank you.

Gary E. Wood