408.682. Customer authorization, requirements.

171 words·~1 min read·/mo/chapter-408/408-682

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

408.682. Customer authorization, requirements. — 1. A customer may authorize disclosure of his financial records 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 such period as may be agreed upon;

(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 purpose and the government authority to which such records may be disclosed; and

(5)States the customer's rights under sections 408.675 to 408.700 .

2. Such authorization shall not be required as a condition of doing business with any financial institution.

3. The customer has the right to obtain a copy of the information which shall be disclosed to a government authority pursuant to sections 408.675 to 408.700 , and the identity of the government authority to which such disclosure was made.

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(L. 1989 H.B. 82 § 5)