(a) A customer may authorize
disclosure under section 1102(1) 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 title.
(b) No such
authorization shall be required as a condition of doing business with
any financial institution.
6-1757
(c) The customer
has the right, unless the Government authority obtains a court order
as provided in section 1109, 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.
[12 USC 3404. As amended
by act of March 7, 1979 (93 Stat. 5).]
