17:16K-3 - Disclosure of information by financial institution to third party - New-jersey Statutes

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17:16K-3. Disclosure of information by financial institution to third party
    A financial institution may disclose information relative to an electronic fund transfer or account to a third party when:

    a. The disclosure is necessary for the completion of an electronic fund transfer;

    b. The possessor of the account gives written permission to the financial institution to disclose the information;

    c. The disclosure is for the purpose of verifying the existence and condition of an account for a third party, including, but not limited to, a credit bureau or a merchant;

    d. The disclosure is necessary to resolve an error or an inquiry as to an alleged error;

    e. The disclosure is made to a supervisory agency in the exercise of its supervisory and regulatory examination functions with respect to a financial institution; or

    f. The disclosure is made to a government agency in the exercise of its statutory functions with respect to a person applying for or receiving public assistance.

     L.1983, c. 466, s. 3, eff. Jan. 12, 1984.

State Codes and Statutes

Statutes > New-jersey > Title-17 > Section-17-16k > 17-16k-3

17:16K-3. Disclosure of information by financial institution to third party
    A financial institution may disclose information relative to an electronic fund transfer or account to a third party when:

    a. The disclosure is necessary for the completion of an electronic fund transfer;

    b. The possessor of the account gives written permission to the financial institution to disclose the information;

    c. The disclosure is for the purpose of verifying the existence and condition of an account for a third party, including, but not limited to, a credit bureau or a merchant;

    d. The disclosure is necessary to resolve an error or an inquiry as to an alleged error;

    e. The disclosure is made to a supervisory agency in the exercise of its supervisory and regulatory examination functions with respect to a financial institution; or

    f. The disclosure is made to a government agency in the exercise of its statutory functions with respect to a person applying for or receiving public assistance.

     L.1983, c. 466, s. 3, eff. Jan. 12, 1984.

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State Codes and Statutes

Statutes > New-jersey > Title-17 > Section-17-16k > 17-16k-3

17:16K-3. Disclosure of information by financial institution to third party
    A financial institution may disclose information relative to an electronic fund transfer or account to a third party when:

    a. The disclosure is necessary for the completion of an electronic fund transfer;

    b. The possessor of the account gives written permission to the financial institution to disclose the information;

    c. The disclosure is for the purpose of verifying the existence and condition of an account for a third party, including, but not limited to, a credit bureau or a merchant;

    d. The disclosure is necessary to resolve an error or an inquiry as to an alleged error;

    e. The disclosure is made to a supervisory agency in the exercise of its supervisory and regulatory examination functions with respect to a financial institution; or

    f. The disclosure is made to a government agency in the exercise of its statutory functions with respect to a person applying for or receiving public assistance.

     L.1983, c. 466, s. 3, eff. Jan. 12, 1984.