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U.S. Code as of:
01/19/04
Section 3404. Customer authorizations
(a) Statement furnished by customer to financial institution and
Government authority; contents
A customer may authorize disclosure under section 3402(1) of this
title 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 chapter.
(b) Authorization as condition of doing business prohibited
No such authorization shall be required as a condition of doing
business with any financial institution.
(c) Right of customer to access to financial institution's record
of disclosures
The customer has the right, unless the Government authority
obtains a court order as provided in section 3409 of this title, 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.
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