Section 408.682

Title XXVI TRADE AND COMMERCE

Chapter 408

Effective - 28 Aug 1989   

  408.682.  Customer authorization, requirements. — 1.  A customer may authorize disclosure of his financial records 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 such period as may be agreed upon;

  (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 purpose and the government authority to which such records may be disclosed; and

  (5)  States the customer's rights under sections 408.675 to 408.700.

  2.  Such authorization shall not be required as a condition of doing business with any financial institution.

  3.  The customer has the right to obtain a copy of the information which shall be disclosed to a government authority pursuant to sections 408.675 to 408.700, and the identity of the government authority to which such disclosure was made.

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(L. 1989 H.B. 82 § 5)