|
U.S. Code as of:
01/19/04
Section 1320d-8. Processing payment transactions by financial institutions
To the extent that an entity is engaged in activities of a
financial institution (as defined in section 3401 of title 12), or
is engaged in authorizing, processing, clearing, settling, billing,
transferring, reconciling, or collecting payments, for a financial
institution, this part, and any standard adopted under this part,
shall not apply to the entity with respect to such activities,
including the following:
(1) The use or disclosure of information by the entity for
authorizing, processing, clearing, settling, billing,
transferring, reconciling or collecting, a payment for, or
related to, health plan premiums or health care, where such
payment is made by any means, including a credit, debit, or other
payment card, an account, check, or electronic funds transfer.
(2) The request for, or the use or disclosure of, information
by the entity with respect to a payment described in paragraph
(1) -
(A) for transferring receivables;
(B) for auditing;
(C) in connection with -
(i) a customer dispute; or
(ii) an inquiry from, or to, a customer;
(D) in a communication to a customer of the entity regarding
the customer's transactions, payment card, account, check, or
electronic funds transfer;
(E) for reporting to consumer reporting agencies; or
(F) for complying with -
(i) a civil or criminal subpoena; or
(ii) a Federal or State law regulating the entity.
|
|