12 USC 3404 - Customer authorizations

U.S Code last checked for updates: Oct 16, 2024

§ 3404.

Customer authorizations

(a)

Statement furnished by customer to financial institution and Government authority; contents

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—

(1)

authorizes such disclosure for a period not in excess of three months;

(2)

states that the customer may revoke such authorization at any time before the financial records are disclosed;

(3)

identifies the financial records which are authorized to be disclosed;

(4)

specifies the purposes for which, and the Government authority to which, such records may be disclosed; and

(5)

states the customer’s rights under this chapter.

(b)

Authorization as condition of doing business prohibited

(c)

Right of customer to access to financial institution’s record of disclosures

(Pub. L. 95–630, title XI, § 1104, Nov. 10, 1978, 92 Stat. 3698; Pub. L. 96–3, Mar. 7, 1979, 93 Stat. 5.)

cite as: 12 USC 3404