§ 53B-9. Duty of financial institutions; fee; limitation of liability. - North Carolina Statutes

§53B‑9.  Duty of financial institutions; fee; limitation of liability.

(a)        Upon service of asubpoena or court order pursuant to G.S. 53B‑4(1), (3), (9), or (11) andreceipt of certification pursuant to G.S. 53B‑5(5), a financialinstitution shall locate the financial records requested and prepare to makethem available to the government authority seeking access to them. Upon receiptof notice that a customer has challenged the court order or subpoena, thefinancial institution may suspend its efforts to make the records availableuntil after final disposition of the challenge.

(b)        Upon receipt ofaccess to financial records pursuant to G.S. 53B‑4(1), (3), (9), or (11),a government authority shall pay the financial institution that provided thefinancial records a fee for costs directly incurred in assembling anddelivering the financial records. The fee shall be at the rate establishedpursuant to the Right to Financial Privacy Act § 1115(a), 12 U.S.C. § 3415, and12 C.F.R. 219.

(c)        A financialinstitution that discloses a financial record pursuant to this Chapter in goodfaith reliance upon certification by a government authority pursuant to G.S.53B‑5(5) is not liable for damages resulting from the disclosure. (1985(Reg. Sess., 1986), c. 1002, s. 1.)