214.37 Access to books and records; communication with members and stockholders.
322 words·~1 min read·
/wi/chapter-214/214-37-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
214.37 Access to books and records; communication with members and stockholders.
(1)In this section, “financial records” means an original, copy or summary of any document or item containing information pertaining to any relationship established in the ordinary course of business between a savings bank and a customer.
(2)Except as provided in this section, no person may have access to the books and records of a savings bank or receive a list of the members or stockholders.
(3)A person shall have the right to inspect books and records of the savings bank that pertain to the person’s deposit accounts or loans.
(4)This section does not prohibit any of the following:
(a)The preparation, examination, handling or maintenance of financial records by any officer, employee or agent of a savings bank having custody of records or examination of records by a certified public accountant or other person engaged by the savings bank to perform an audit.
(b)The examination of financial records by, or the furnishing of financial records by a savings bank to, any officer, employee or agent of the division or a deposit insurance corporation for use solely in the exercise of that person’s duties as an officer, employee or agent.
(c)The publication of data furnished from financial records if the data cannot be identified to any person, deposit account or loan file.
(d)The making of reports or returns required under the internal revenue code.
(e)The furnishing of information concerning the dishonor of a negotiable instrument permitted to be disclosed under the uniform commercial code.
(f)The exchange in the regular course of business of credit information between a savings bank and another financial institution or a mortgage banker or between a savings bank and a consumer reporting agency.
(g)The furnishing of information to the appropriate law enforcement authorities if the savings bank reasonably believes a crime involving the savings bank has been committed.