Gramm Leach Bliley Act
| Gramm Leach Bliley Act | |
|---|---|
| Short Title | Gramm–Leach–Bliley Act (GLBA) |
| Official Text | Gramm Leach Bliley Act |
| Country/Jurisdiction | United States |
| State or Province | |
| Regulatory Bodies | FTC |
| Date Enacted | 1999/11/12 |
| Scope of the Law | Financial Institutions |
| Information | |
| Taxonomy | Breach of Confidentiality, Disclosure, Distortion, Exclusion, Insecurity |
| Strategies | |
The Gramm–Leach–Bliley Act (GLBA) provides customers to have secured information by financial institutions. The Act also prevents financial institutions from disclosing individuals' nonpublic personal information which is confidential. However, individuals have the right to choose whether the information is disclosed under the Act.
Text of the law
SEC. 501. PROTECTION OF NONPUBLIC PERSONAL INFORMATION.
(a) Privacy Obligation Policy.--It is the policy of the Congress
that each financial institution has an affirmative and continuing obligation to respect the privacy of its customers and to protect the security and confidentiality of those customers' nonpublic personal information.
(b) Financial Institutions Safeguards.--In furtherance of the policy
in subsection (a), each agency or authority described
in section 505(a) shall establish appropriate standards for the financial institutions subject to their jurisdiction relating to administrative, technical, and physical safeguards--
(1) to insure the security and confidentiality of customer
records and information;
(2) to protect against any anticipated threats or hazards to
the security or integrity of such records; and
(3) to protect against unauthorized access to or use of such
records or information which could result in substantial harm or
inconvenience to any customer.
SEC. 502. OBLIGATIONS WITH RESPECT TO DISCLOSURES OF PERSONAL INFORMATION.
(a) NOTICE REQUIREMENTS.—Except as otherwise provided in this subtitle, a financial institution may not, directly or through any affiliate, disclose to a nonaffiliated third party any nonpublic personal information, unless such financial institution provides or has provided to the consumer a notice that complies with section 503.
(b) OPT OUT.—
(1) IN GENERAL.—A financial institution may not disclose nonpublic personal information to a nonaffiliated third party unless—
(A) such financial institution clearly and conspicuously discloses to the consumer, in writing or in electronic form or other form permitted by the regulations prescribed under section 504, that such information may be disclosed to such third party;
(B) the consumer is given the opportunity, before the time that such information is initially disclosed, to direct that such information not be disclosed to such third party; and
(C) the consumer is given an explanation of how the consumer can exercise that nondisclosure option. Exclusion, Secondary Use
SEC. 508. STUDY OF INFORMATION SHARING AMONG FINANCIAL AFFILIATES.
(a) IN GENERAL.—The Secretary of the Treasury, in conjunction with the Federal functional regulators and the Federal Trade Commission, shall conduct a study of information sharing practices among financial institutions and their affiliates. Such study shall include— Insecurity, Breach of Confidentiality
(1) the purposes for the sharing of confidential customer information with affiliates or with nonaffiliated third parties;
(2) the extent and adequacy of security protections for such information;
(3) the potential risks for customer privacy of such sharing of information;
(4) the potential benefits for financial institutions and affiliates of such sharing of information;
(5) the potential benefits for customers of such sharing of information;
(6) the adequacy of existing laws to protect customer privacy;
(7) the adequacy of financial institution privacy policy and privacy rights disclosure under existing law;
(8) the feasibility of different approaches, including optout and opt-in, to permit customers to direct that confidential information not be shared with affiliates and nonaffiliated third parties; and
(9) the feasibility of restricting sharing of information for specific uses or of permitting customers to direct the uses for which information may be shared.
SEC. 521. PRIVACY PROTECTION FOR CUSTOMER INFORMATION OF FINANCIAL INSTITUTIONS. Insecurity, Disclosure
(a) PROHIBITION ON OBTAINING CUSTOMER INFORMATION BY FALSE PRETENSES.—It shall be a violation of this subtitle for any person to obtain or attempt to obtain, or cause to be disclosed or attempt to cause to be disclosed to any person, customer information of a financial institution relating to another person—
(1) by making a false, fictitious, or fraudulent statement or representation to an officer, employee, or agent of a financial institution;
(2) by making a false, fictitious, or fraudulent statement or representation to a customer of a financial institution; or
(3) by providing any document to an officer, employee, or agent of a financial institution, knowing that the document is forged, counterfeit, lost, or stolen, was fraudulently obtained, or contains a false, fictitious, or fraudulent statement or representation.
(b) PROHIBITION ON SOLICITATION OF A PERSON TO OBTAIN CUSTOMER INFORMATION FROM FINANCIAL INSTITUTION UNDER FALSE PRETENSES.—It shall be a violation of this subtitle to request a person to obtain customer information of a financial institution, knowing that the person will obtain, or attempt to obtain, the information from the institution in any manner described in subsection (a).
(c) NONAPPLICABILITY TO LAW ENFORCEMENT AGENCIES.—No provision of this section shall be construed so as to prevent any action by a law enforcement agency, or any officer, employee, or agent of such agency, to obtain customer information of a financial institution in connection with the performance of the official duties of the agency.
(d) NONAPPLICABILITY TO FINANCIAL INSTITUTIONS IN CERTAIN CASES.—No provision of this section shall be construed so as to prevent any financial institution, or any officer, employee, or agent of a financial institution, from obtaining customer information of such financial institution in the course of—
(1) testing the security procedures or systems of such institution for maintaining the confidentiality of customer information;
(2) investigating allegations of misconduct or negligence on the part of any officer, employee, or agent of the financial institution; or
(3) recovering customer information of the financial institution which was obtained or received by another person in any manner described in subsection (a) or (b).
(e) NONAPPLICABILITY TO INSURANCE INSTITUTIONS FOR INVESTIGATION OF INSURANCE FRAUD.—No provision of this section shall be construed so as to prevent any insurance institution, or any officer, employee, or agency of an insurance institution, from obtaining information as part of an insurance investigation into criminal activity, fraud, material misrepresentation, or material nondisclosure that is authorized for such institution under State law, regulation, interpretation, or order.
(f) NONAPPLICABILITY TO CERTAIN TYPES OF CUSTOMER INFORMATION OF FINANCIAL INSTITUTIONS.—No provision of this section shall be construed so as to prevent any person from obtaining customer information of a financial institution that otherwise is available as a public record filed pursuant to the securities laws (as defined in section 3(a)(47) of the Securities Exchange Act of 1934).
(g) NONAPPLICABILITY TO COLLECTION OF CHILD SUPPORT JUDGMENTS.—No provision of this section shall be construed to prevent any State-licensed private investigator, or any officer, employee, or agent of such private investigator, from obtaining customer information of a financial institution, to the extent reasonably necessary to collect child support from a person adjudged to have been delinquent in his or her obligations by a Federal or State court, and to the extent that such action by a State-licensed private investigator is not unlawful under any other Federal or State law or regulation, and has been authorized by an order or judgment of a court of competent jurisdiction.
SEC. 503. DISCLOSURE OF INSTITUTION PRIVACY POLICY.
(a) Disclosure Required.--At the time of establishing a customer
relationship with a consumer and not less than annually during the continuation of such relationship, a financial institution shall provide a clear and conspicuous disclosure to such consumer, in writing or in electronic form or other form permitted by the regulations prescribed under section 504, of such financial institution's policies and practices with respect to--
(1) disclosing nonpublic personal information to affiliates
and nonaffiliated third parties, consistent with section 502,
including the categories of information that may be disclosed;
(2) disclosing nonpublic personal information of persons who
have ceased to be customers of the financial institution; and
(3) protecting the nonpublic personal information of
consumers.
Such disclosures shall be made in accordance with the regulations prescribed under section 504.
(b) Information To Be Included.--The disclosure required by
subsection (a) shall include--
(1) the policies and practices of the institution with
respect to disclosing nonpublic personal information to
nonaffiliated third parties, other than agents of the
institution, consistent with section 502 of this subtitle, and
including--
(A) the categories of persons to whom the
information is or may be disclosed, other than the
persons to whom the information may be provided pursuant
to section 502(e); and
(B) the policies and practices of the institution
with respect to disclosing of nonpublic personal
information of persons who have ceased to be customers
of the financial institution;
(2) the categories of nonpublic personal information that
are collected by the financial institution;
(3) the policies that the institution maintains to protect
the confidentiality and security of nonpublic personal
information in accordance with section 501; and
(4) the disclosures required, if any, under section
603(d)(2)(A)(iii) of the Fair Credit Reporting Act.
SEC. 504. RULEMAKING.
(a) Regulatory Authority.--
(1) Rulemaking.--The Federal banking agencies, the National
Credit Union Administration, the Secretary of the Treasury, the
Securities and Exchange Commission, and the Federal Trade
Commission shall each prescribe, after consultation as
appropriate with representatives of State insurance authorities
designated by the National Association of Insurance
Commissioners, such regulations as may be necessary to carry out
the purposes of this subtitle with respect to the financial
institutions subject to their jurisdiction under section 505.
(2) Coordination, consistency, and comparability.--Each of
the agencies and authorities required under paragraph (1) to
prescribe regulations shall consult and coordinate with
the other such agencies and authorities for the purposes of
assuring, to the extent possible, that the regulations
prescribed by each such agency and authority are consistent and
comparable with the regulations prescribed by the other such
agencies and authorities.
(3) Procedures and deadline.--Such regulations shall be
prescribed in accordance with applicable requirements of title
5, United States Code, and shall be issued in final form not
later than 6 months after the date of the enactment of this Act.
(b) Authority To Grant Exceptions.--The regulations prescribed under
subsection (a) may include such additional exceptions to subsections (a) through (d) of section 502 as are deemed consistent with the purposes of this subtitle.
SEC. 505. ENFORCEMENT.
(a) In General.--This subtitle and the regulations prescribed
thereunder shall be enforced by the Federal functional regulators, the State insurance authorities, and the Federal Trade Commission with respect to financial institutions and other persons subject to their jurisdiction under applicable law, as follows:
(1) Under section 8 of the Federal Deposit Insurance Act, in
the case of--
(A) national banks, Federal branches and Federal
agencies of foreign banks, and any subsidiaries of such
entities (except brokers, dealers, persons providing
insurance, investment companies, and investment
advisers), by the Office of the Comptroller of the
Currency;
(B) member banks of the Federal Reserve System
(other than national banks), branches and agencies of
foreign banks (other than Federal branches, Federal
agencies, and insured State branches of foreign banks),
commercial lending companies owned or controlled by
foreign banks, organizations operating under section 25
or 25A of the Federal Reserve Act, and bank holding
companies and their nonbank subsidiaries or affiliates
(except brokers, dealers, persons providing insurance,
investment companies, and investment advisers), by the
Board of Governors of the Federal Reserve System;
(C) banks insured by the Federal Deposit Insurance
Corporation (other than members of the Federal Reserve
System), insured State branches of foreign banks, and
any subsidiaries of such entities (except brokers,
dealers, persons providing insurance, investment
companies, and investment advisers), by the Board of
Directors of the Federal Deposit Insurance Corporation;
and
(D) savings associations the deposits of which are
insured by the Federal Deposit Insurance Corporation,
and any subsidiaries of such savings associations
(except brokers, dealers, persons providing insurance,
investment companies, and investment advisers), by the
Director of the Office of Thrift Supervision.
(2) Under the Federal Credit Union Act, by the Board of the
National Credit Union Administration with respect to any
federally insured credit union, and any subsidiaries of such an
entity.
(3) Under the Securities Exchange Act of 1934, by the
Securities and Exchange Commission with respect to any broker or
dealer.
(4) Under the Investment Company Act of 1940, by the
Securities and Exchange Commission with respect to investment
companies.
(5) Under the Investment Advisers Act of 1940, by the
Securities and Exchange Commission with respect to investment
advisers registered with the Commission under such Act.
(6) Under State insurance law, in the case of any person
engaged in providing insurance, by the applicable State
insurance authority of the State in which the person is
domiciled, subject to section 104 of this Act.
(7) Under the Federal Trade Commission Act, by the Federal
Trade Commission for any other financial institution or other
person that is not subject to the jurisdiction of any agency or
authority under paragraphs (1) through (6) of this subsection.
(b) Enforcement of Section 501.--
(1) In general.--Except as provided in paragraph (2), the
agencies and authorities described in subsection (a) shall
implement the standards prescribed under section 501(b) in the
same manner, to the extent practicable, as standards prescribed
pursuant to section 39(a) of the Federal Deposit Insurance Act
are implemented pursuant to such section.
(2) Exception.--The agencies and authorities described in
paragraphs (3), (4), (5), (6), and (7) of subsection (a) shall
implement the standards prescribed under section 501(b) by rule
with respect to the financial institutions and other persons
subject to their respective jurisdictions under subsection (a).
(c) Absence of State Action.--If a State insurance authority fails
to adopt regulations to carry out this subtitle, such State shall not be eligible to override, pursuant to section 47(g)(2)(B)(iii) of the Federal Deposit Insurance Act, the insurance customer protection regulations prescribed by a Federal banking agency under section 47(a) of such Act.
(d) Definitions.--The terms used in subsection (a)(1) that are not
defined in this subtitle or otherwise defined in section 3(s) of the Federal Deposit Insurance Act shall have the same meaning as given in section 1(b) of the International Banking Act of 1978.
SEC. 506. PROTECTION OF FAIR CREDIT REPORTING ACT.
(a) Amendment.--Section 621 of the Fair Credit Reporting Act (15
U.S.C. 1681s) is amended--
(1) in subsection (d), by striking everything following the
end of the second sentence; and
(2) by striking subsection (e) and inserting the following:
``(e) Regulatory Authority.--
``(1) The Federal banking agencies referred to in paragraphs
(1) and (2) of subsection (b) shall jointly prescribe such
regulations as necessary to carry out the purposes of this Act
with respect to any persons identified under paragraphs (1) and
(2) of subsection (b), and the Board of Governors of the Federal
Reserve System shall have authority to prescribe regulations
consistent with such joint regulations with respect to bank
holding companies and affiliates (other than depository
institutions and consumer reporting agencies) of such holding
companies.
``(2) The Board of the National Credit Union Administration
shall prescribe such regulations as necessary to carry out the
purposes of this Act with respect to any persons identified
under paragraph (3) of subsection (b)..
(b) Conforming Amendment.--Section 621(a) of the Fair Credit Reporting Act (15 U.S.C. 1681s(a)) is amended by striking paragraph (4).
(c) Relation <<NOTE: 15 USC 6806.>> to Other Provisions.--Except for
the amendments made by subsections (a) and (b), nothing in this title shall be construed to modify, limit, or supersede the operation of the Fair Credit Reporting Act, and no inference shall be drawn on the basis of the provisions of this title regarding whether information is transaction or experience information under section 603 of such Act.
SEC. 507. RELATION TO STATE LAWS.
(a) In General.--This subtitle and the amendments made by this
subtitle shall not be construed as superseding, altering, or affecting any statute, regulation, order, or interpretation in effect in any State, except to the extent that such statute, regulation, order, or interpretation is inconsistent with the provisions of this subtitle, and then only to the extent of the inconsistency.
(b) Greater Protection Under State Law.--For purposes of this
section, a State statute, regulation, order, or interpretation is not inconsistent with the provisions of this subtitle if the protection such statute, regulation, order, or interpretation affords any person is greater than the protection provided under this subtitle and the amendments made by this subtitle, as determined by the Federal Trade Commission, after consultation with the agency or authority with jurisdiction under section 505(a) of either the person that initiated the complaint or that is the subject of the complaint, on its own motion or upon the petition of any interested party.
SEC. 508. STUDY OF INFORMATION SHARING AMONG FINANCIAL AFFILIATES.
(a) In General.--The Secretary of the Treasury, in conjunction with
the Federal functional regulators and the Federal Trade Commission, shall conduct a study of information sharing practices among financial institutions and their affiliates. Such study shall include--
(1) the purposes for the sharing of confidential customer
information with affiliates or with nonaffiliated third parties;
(2) the extent and adequacy of security protections for such
information;
(3) the potential risks for customer privacy of such sharing
of information;
(4) the potential benefits for financial institutions and
affiliates of such sharing of information;
(5) the potential benefits for customers of such sharing of
information;
(6) the adequacy of existing laws to protect customer
privacy;
(7) the adequacy of financial institution privacy policy and
privacy rights disclosure under existing law;
(8) the feasibility of different approaches, including opt-
out and opt-in, to permit customers to direct that confidential
information not be shared with affiliates and nonaffiliated
third parties; and
(9) the feasibility of restricting sharing of information
for specific uses or of permitting customers to direct the uses
for which information may be shared.
(b) Consultation.--The Secretary shall consult with representatives
of State insurance authorities designated by the National Association of Insurance Commissioners, and also with financial services industry, consumer organizations and privacy groups, and other representatives of the general public, in formulating and conducting the study required by subsection (a).
(c) Report.--On <<NOTE: Deadline.>> or before January 1, 2002, the
Secretary shall submit a report to the Congress containing the findings and conclusions of the study required under subsection (a), together with such recommendations for legislative or administrative action as may be appropriate.
SEC. 509. DEFINITIONS.
As used in this subtitle:
(1) Federal banking agency.--The term ``Federal banking
agency has the same meaning as given in section 3 of the
Federal Deposit Insurance Act.
(2) Federal functional regulator.--The term ``Federal
functional regulator means--
(A) the Board of Governors of the Federal Reserve
System;
(B) the Office of the Comptroller of the Currency;
(C) the Board of Directors of the Federal Deposit
Insurance Corporation;
(D) the Director of the Office of Thrift
Supervision;
(E) the National Credit Union Administration Board;
and
(F) the Securities and Exchange Commission.
(3) Financial institution.--
(A) In general.--The term ``financial institution
means any institution the business of which is engaging
in financial activities as described in section 4(k) of
the Bank Holding Company Act of 1956.
(B) Persons subject to cftc regulation.--
Notwithstanding subparagraph (A), the term ``financial
institution does not include any person or entity with
respect to any financial activity that is subject to the
jurisdiction of the Commodity Futures Trading Commission
under the Commodity Exchange Act.
(C) Farm credit institutions.--Notwithstanding
subparagraph (A), the term ``financial institution
does not include the Federal Agricultural Mortgage
Corporation or any entity chartered and operating under
the Farm Credit Act of 1971.
(D) Other secondary market institutions.--
Notwithstanding subparagraph (A), the term ``financial
institution does not include institutions chartered by
Congress specifically to engage in transactions
described in section 502(e)(1)(C), as long as such
institutions do not sell or
transfer nonpublic personal information to a
nonaffiliated third party.
(4) Nonpublic personal information.--
(A) The term ``nonpublic personal information
means personally identifiable financial information--
(i) provided by a consumer to a financial
institution;
(ii) resulting from any transaction with the
consumer or any service performed for the
consumer; or
(iii) otherwise obtained by the financial
institution.
(B) Such term does not include publicly available
information, as such term is defined by the regulations
prescribed under section 504.
(C) Notwithstanding subparagraph (B), such term--
(i) shall include any list, description, or
other grouping of consumers (and publicly
available information pertaining to them) that is
derived using any nonpublic personal information
other than publicly available information; but
(ii) shall not include any list, description,
or other grouping of consumers (and publicly
available information pertaining to them) that is
derived without using any nonpublic personal
information.
(5) Nonaffiliated third party.--The term ``nonaffiliated
third party means any entity that is not an affiliate of, or
related by common ownership or affiliated by corporate control
with, the financial institution, but does not include a joint
employee of such institution.
(6) Affiliate.--The term ``affiliate means any company
that controls, is controlled by, or is under common control with
another company.
(7) Necessary to effect, administer, or enforce.--The term
``as necessary to effect, administer, or enforce the
transaction means--
(A) the disclosure is required, or is a usual,
appropriate, or acceptable method, to carry out the
transaction or the product or service business of which
the transaction is a part, and record or service or
maintain the consumer's account in the ordinary course
of providing the financial service or financial product,
or to administer or service benefits or claims relating
to the transaction or the product or service business of
which it is a part, and includes--
(i) providing the consumer or the consumer's
agent or broker with a confirmation, statement, or
other record of the transaction, or information on
the status or value of the financial service or
financial product; and
(ii) the accrual or recognition of incentives
or bonuses associated with the transaction that
are provided by the financial institution or any
other party;
(B) the disclosure is required, or is one of the
lawful or appropriate methods, to enforce the rights of
the financial institution or of other persons engaged in
carrying out the financial transaction, or providing the
product or service;
(C) the disclosure is required, or is a usual,
appropriate, or acceptable method, for insurance
underwriting at the
consumer's request or for reinsurance purposes, or for
any of the following purposes as they relate to a
consumer's insurance: Account administration, reporting,
investigating, or preventing fraud or material
misrepresentation, processing premium payments,
processing insurance claims, administering insurance
benefits (including utilization review activities),
participating in research projects, or as otherwise
required or specifically permitted by Federal or State
law; or
(D) the disclosure is required, or is a usual,
appropriate or acceptable method, in connection with--
(i) the authorization, settlement, billing,
processing, clearing, transferring, reconciling,
or collection of amounts charged, debited, or
otherwise paid using a debit, credit or other
payment card, check, or account number, or by
other payment means;
(ii) the transfer of receivables, accounts or
interests therein; or
(iii) the audit of debit, credit or other
payment information.
(8) State insurance authority.--The term ``State insurance
authority means, in the case of any person engaged in
providing insurance, the State insurance authority of the State
in which the person is domiciled.
(9) Consumer.--The term ``consumer means an individual who
obtains, from a financial institution, financial products or
services which are to be used primarily for personal, family, or
household purposes, and also means the legal representative of
such an individual.
(10) Joint agreement.--The term ``joint agreement means a
formal written contract pursuant to which two or more financial
institutions jointly offer, endorse, or sponsor a financial
product or service, and as may be further defined in the
regulations prescribed under section 504.
(11) Customer <<NOTE: Regulations.>> relationship.--The term
``time of establishing a customer relationship shall be
defined by the regulations prescribed under section 504, and
shall, in the case of a financial institution engaged in
extending credit directly to consumers to finance purchases of
goods or services, mean the time of establishing the credit
relationship with the consumer.
SEC. 510. EFFECTIVE DATE.
This subtitle shall take effect 6 months after the date on which
rules are required to be prescribed under section 504(a)(3), except--
(1) to the extent that a later date is specified in the
rules prescribed under section 504; and
(2) that sections 504 and 506 shall be effective upon
enactment.
SEC. 521. PRIVACY PROTECTION FOR CUSTOMER INFORMATION OF FINANCIAL INSTITUTIONS.
(a) Prohibition on Obtaining Customer Information by False
Pretenses.--It shall be a violation of this subtitle for any person to obtain or attempt to obtain, or cause to be disclosed or attempt to cause to be disclosed to any person, customer information of a financial institution relating to another person--
(1) by making a false, fictitious, or fraudulent statement
or representation to an officer, employee, or agent of a
financial institution;
(2) by making a false, fictitious, or fraudulent statement
or representation to a customer of a financial institution; or
(3) by providing any document to an officer, employee, or
agent of a financial institution, knowing that the document is
forged, counterfeit, lost, or stolen, was fraudulently obtained,
or contains a false, fictitious, or fraudulent statement or
representation.
(b) Prohibition on Solicitation of a Person To Obtain Customer
Information From Financial Institution Under False Pretenses.--It shall be a violation of this subtitle to request a person to obtain customer information of a financial institution, knowing that the person will obtain, or attempt to obtain, the information from the institution in any manner described in subsection (a).
(c) Nonapplicability to Law Enforcement Agencies.--No provision of
this section shall be construed so as to prevent any action by a law enforcement agency, or any officer, employee, or agent of such agency, to obtain customer information of a financial institution in connection with the performance of the official duties of the agency.
(d) Nonapplicability to Financial Institutions in Certain Cases.--No
provision of this section shall be construed so as to prevent any financial institution, or any officer, employee, or agent of a financial institution, from obtaining customer information of such financial institution in the course of--
(1) testing the security procedures or systems of such
institution for maintaining the confidentiality of customer
information;
(2) investigating allegations of misconduct or negligence on
the part of any officer, employee, or agent of the financial
institution; or
(3) recovering customer information of the financial
institution which was obtained or received by another person in
any manner described in subsection (a) or (b).
(e) Nonapplicability to Insurance Institutions for Investigation of
Insurance Fraud.--No provision of this section shall be construed so as to prevent any insurance institution, or any officer, employee, or agency of an insurance institution, from obtaining information as part of an insurance investigation into criminal activity, fraud, material misrepresentation, or material nondisclosure that is authorized for such institution under State law, regulation, interpretation, or order.
(f) Nonapplicability to Certain Types of Customer Information of
Financial Institutions.--No provision of this section shall be construed so as to prevent any person from obtaining customer information of a financial institution that otherwise is available as a public record filed pursuant to the securities laws (as defined in section 3(a)(47) of the Securities Exchange Act of 1934).
(g) Nonapplicability to Collection of Child Support Judgments.--No
provision of this section shall be construed to prevent any State- licensed private investigator, or any officer, employee, or agent of such private investigator, from obtaining customer information of a financial institution, to the extent reasonably necessary to collect child support from a person adjudged to have been delinquent in his or her obligations by a Federal or State court, and to the extent that such action by a State-licensed private investigator is not unlawful under any other Federal or State law or regulation, and has been authorized by an order or judgment of a court of competent jurisdiction.
Disclaimer: The text of this law may not be the most recent version. We make no warranties or representations about the accuracy, completeness, or adequacy of the information contained on this site. Please check official sources.