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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 16t: Findings, declarations relative to release of certain account information of senior or vulnerable customers.
Section: 17:16t-3: Release of financial records to law enforcement agency, county adult protective services provider.
3. Notwithstanding any other law, regulation or common law to the contrary, a financial institution may release the financial records regarding a customer's account to a law enforcement agency, a county adult protective services provider, or both if:
a. A vulnerable customer or a senior customer has a beneficial interest in the account either wholly or in part; and
b. The financial institution suspects that illegal activity is, or will be, taking place which involves the account including, but not limited to, defrauding any vulnerable or senior customer who has a beneficial interest in the account.
L.1998,c.121,s.3.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:16t-3 (if available):
Court decisions that cite this statute:
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