32-6-105. Protection of privacy.
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/mt/title-32/chapter-6/part-1/32-6-105·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
32-6-105 . Protection of privacy.
(1)No information relating to any transaction by electronic funds transfer, or application therefor, between a financial institution and its customer or prospective customer may be disclosed by the financial institution to any person or government entity without:
(a)the consent of the customer; or
(b)a subpoena issued by a court of record directing the financial institution to disclose such information to the person or government entity.
(2)Compliance with such subpoena relieves a financial institution and its employees of liability to a customer or other person for such disclosure.
(3)This section does not prevent:
(a)the examination of financial institutions by duly authorized regulatory authority or the transfer of information by a financial institution to a clearinghouse which administers transactions between financial institutions; or
(b)the access by a party to a transaction to information relating to a specific transaction.