Laws: Cases and Codes : U.S. Code : Title 12


   

U.S. Code as of: 01/19/04
Chapter 35 - Notes
    Sec.                                                     
    3401.       Definitions.                                          
    3402.       Access to financial records by Government authorities
                 prohibited; exceptions.                              
    3403.       Confidentiality of financial records.                 
                  (a)  Release of records by financial institutions
                        prohibited.                                   
                  (b)  Release of records upon certification of
                        compliance with chapter.                      
                  (c)  Notification to Government authority of
                        existence of relevant information in records. 
                  (d)  Release of records as incident to perfection of
                        security interest, proving a claim in
                        bankruptcy, collecting a debt, or processing
                        an application with regard to a Government
                        loan, loan guarantee, etc.                    
    3404.       Customer authorizations.                              
                  (a)  Statement furnished by customer to financial
                        institution and Government authority;
                        contents.                                     
                  (b)  Authorization as condition of doing business
                        prohibited.                                   
                  (c)  Right of customer to access to financial
                        institution's record of disclosures.          
    3405.       Administrative subpena and summons.                   
    3406.       Search warrants.                                      
                  (a)  Applicability of Federal Rules of Criminal
                        Procedure.                                    
                  (b)  Mailing of copy and notice to customer.        
                  (c)  Court-ordered delays in mailing.               
    3407.       Judicial subpena.                                     
    3408.       Formal written request.                               
    3409.       Delayed notice.                                       
                  (a)  Application by Government authority; findings. 
                  (b)  Grant of delay order; duration and
                        specifications; extensions; copy of request
                        and notice to customer.                       
                  (c)  Notice requirement respecting emergency access
                        to financial records.                         
                  (d)  Preservation of memorandums, affidavits, or
                        other papers.                                 
    3410.       Customer challenges.                                  
                  (a)  Filing of motion to quash or application to
                        enjoin; proper court; contents.               
                  (b)  Filing of response; additional proceedings.    
                  (c)  Decision of court.                             
                  (d)  Appeals.                                       
                  (e)  Sole judicial remedy available to customer.    
                  (f)  Affect on challenges by financial institutions.
    3411.       Duty of financial institutions.                       
    3412.       Use of information.                                   
                  (a)  Transfer of financial records to other agencies
                        or departments; certification.                
                  (b)  Mailing of copy of certification and notice to
                        customer.                                     
                  (c)  Court-ordered delays in mailing.               
                  (d)  Exchanges of examination reports by supervisory
                        agencies; transfer of financial records to
                        defend customer action; withholding of
                        information.                                  
                  (e)  Exchange of records, reports, or other
                        information.                                  
                  (f)  Transfer to Attorney General or Secretary of
                        the Treasury.                                 
    3413.       Exceptions.                                           
                  (a)  Disclosure of financial records not identified
                        with particular customers.                    
                  (b)  Disclosure to, or examination by, supervisory
                        agency pursuant to exercise of supervisory,
                        regulatory, or monetary functions with respect
                        to financial institutions, holding companies,
                        subsidiaries, institution-affiliated parties,
                        or other persons.                             
                  (c)  Disclosure pursuant to title 26.               
                  (d)  Disclosure pursuant to Federal statute or rule
                        promulgated thereunder.                       
                  (e)  Disclosure pursuant to Federal Rules of
                        Criminal Procedure or comparable rules of
                        other courts.                                 
                  (f)  Disclosure pursuant to administrative subpena
                        issued by administrative law judge.           
                  (g)  Disclosure pursuant to legitimate law
                        enforcement inquiry respecting name, address,
                        account number, and type of account of
                        particular customers.                         
                  (h)  Disclosure pursuant to lawful proceeding,
                        investigation, etc., directed at financial
                        institution or legal entity or consideration
                        or administration respecting Government loans,
                        loan guarantees, etc.                         
                  (i)  Disclosure pursuant to issuance of subpena or
                        court order respecting grand jury proceeding. 
                  (j)  Disclosure pursuant to proceeding,
                        investigation, etc., instituted by General
                        Accounting Office and directed at a government
                        authority.                                    
                  (k)  Disclosure necessary for proper administration
                        of programs of withholding taxes on
                        nonresident aliens, Federal Old-Age,
                        Survivors, and Disability Insurance Benefits,
                        and Railroad Retirement Act Benefits.         
                  (l)  Crimes against financial institutions by
                        insiders.                                     
                  (m)  Disclosure to, or examination by, employees or
                        agents of Board of Governors of Federal
                        Reserve System or Federal Reserve Bank.       
                  (n)  Disclosure to, or examination by, Resolution
                        Trust Corporation or its employees or agents. 
                  (o)  Disclosure to, or examination by, Federal
                        Housing Finance Board or Federal home loan
                        banks.                                        
                  (p)  Access to information necessary for
                        administration of certain veteran benefits
                        laws.                                         
                  (q)  Disclosure pursuant to Federal
                        contractor-issued travel charge card.         
    3414.       Special procedures.                                   
                  (a)  Access to financial records for certain
                        intelligence and protective purposes.         
                  (b)  Emergency access to financial records.         
                  (d)  Definition of "financial institution".         
    3415.       Cost reimbursement.                                   
    3416.       Jurisdiction.                                         
    3417.       Civil penalties.                                      
                  (a)  Liability of agencies or departments of United
                        States or financial institutions.             
                  (b)  Disciplinary action for willful or intentional
                        violation of chapter by agents or employees of
                        department or agency.                         
                  (c)  Good faith defense.                            
                  (d)  Exclusive judicial remedies and sanctions.     
    3418.       Injunctive relief.                                    
    3419.       Suspension of limitations.                            
    3420.       Grand jury information; notification of certain
                 persons prohibited.                                  
    3421.       Repealed.                                             
    3422.       Applicability to Securities and Exchange Commission.  
-SECREF-
                   CHAPTER REFERRED TO IN OTHER SECTIONS               
      This chapter is referred to in title 15 sections 78u, 78x, 6802;
    title 31 section 310; title 38 section 5319; title 42 section 1383;
    title 50 section 436.
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