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Can you summarize 15 USC 6821?
FRAUDULENT ACCESS TO FINANCIAL INFORMATION > Privacy protection for customer information of financial institutions
Short Summary
This legal document, found in the United States Code under the Commerce and Trade section, governs the privacy protection for customer information of financial institutions. It prohibits obtaining customer information by false pretenses, such as making false statements or providing forged documents. The document also prohibits solicitation of a person to obtain customer information from a financial institution under false pretenses. However, there are exemptions for law enforcement agencies, financial institutions conducting security testing or investigations, insurance institutions investigating insurance fraud, certain types of customer information available as public records, and collection of child support judgments. The document does not specify penalties for non-compliance or violations. Overall, it aims to safeguard the privacy of customer information held by financial institutions.
Whom does it apply to?
Any person, financial institution, or insurance institution
What does it govern?
Privacy protection for customer information of financial institutions
What are exemptions?
Law enforcement agencies, financial institutions in certain cases, insurance institutions for investigation of insurance fraud, certain types of customer information of financial institutions, collection of child support judgments
What are the Penalties?
Not specified
Jurisdiction
U.S. Federal Government