§ 10201. Statement of policy on financial privacy It is the policy of this state to protect the privacy of customers of financial institutions without unduly inhibiting the free flow of commerce or legitimate law enforcement activities. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)
§ 10202. Definitions As used in this subchapter: (1) “Account verification service” means any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of: (A) assembling information on the frequency and location of depository account openings or attempted openings by a consumer, […]
§ 10203. Disclosure of financial records prohibited Except as otherwise expressly provided in this subchapter, a financial institution, its officers, employees, agents, and directors shall not disclose to any person any financial information relating to a customer. Financial institutions shall adopt reasonable procedures to ensure compliance with this subchapter. (Added 1999, No. 153 (Adj. Sess.), […]
§ 10204. Exceptions This subchapter does not prohibit any of the activities listed in this section. This section shall not be construed to require any financial institution to make any disclosure not otherwise required by law. This section shall not be construed to require or encourage any financial institution to alter any procedures or practices […]
§ 10205. Penalties In addition to the authority provided under sections 11601, 11602 and 11603 of this title, the Commissioner may impose an administrative penalty of not more than $1,000.00 for each violation of this subchapter resulting from willful conduct, or from a failure by a financial institution to provide reasonable supervision of its employees […]
§ 10206. Lead solicitations (a) As used in this section, “consumer” means a natural person residing in this State. (b) A person shall not use the name, trade name, or trademark of any financial institution in any written or oral advertisement or solicitation to a specifically identified consumer, or which contains specific information on the […]
