12 U.S.C. § 3404 — Customer authorizations
submitted 48 years ago by Pub. L. 95-630 to r/title-12-BANKS-AND-BANKING · 216 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
A customer may authorize disclosure under section 3402(1) of this title if he furnishes to the financial institution and to the Government authority seeking to obtain such disclosure a signed and dated statement which—
authorizes such disclosure for a period not in excess of three months;
states that the customer may revoke such authorization at any time before the financial records are disclosed;
identifies the financial records which are authorized to be disclosed;
specifies the purposes for which, and the Government authority to which, such records may be disclosed; and
states the customer’s rights under this chapter.
No such authorization shall be required as a condition of doing business with any financial institution.
The customer has the right, unless the Government authority obtains a court order as provided in section 3409 of this title, to obtain a copy of the record which the financial institution shall keep of all instances in which the customer’s record is disclosed to a Government authority pursuant to this section, including the identity of the Government authority to which such disclosure is made.
Source credit: (Pub. L. 95–630, title XI, § 1104, Nov. 10, 1978, 92 Stat. 3698; Pub. L. 96–3, Mar. 7, 1979, 93 Stat. 5.)
- 1978Enacted · Pub. L. 95-630 · 92 Stat. 3698
- 1979Amended · Pub. L. 96-3 · 93 Stat. 5
A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-630 on 1978-11-10.
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