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Can you summarize NDCC Section 6-09-35?
The Bank of North Dakota > Confidentiality of Bank records.
Short Summary
This legal document governs the confidentiality of Bank records for the Bank of North Dakota. It applies to customers of the Bank, defined as any person who has transacted or is transacting business with, or has used or is using the services of, the Bank of North Dakota, or for whom the Bank of North Dakota has acted as a fiduciary with respect to trust property. The document also covers internal or interagency memorandums or letters that would not be available to parties other than in litigation with the Bank, information contained in or related to examination, operating, or condition reports prepared by state or federal agencies responsible for the regulation or supervision of any Bank activity, and information obtained from the state department of financial institutions. Routine credit inquiries and information required by due legal process are exempted. The document does not specify any penalties for non-compliance or violation of its provisions.
Whom does it apply to?
Customers of the Bank of North Dakota, state or federal agencies responsible for the regulation or supervision of any Bank activity
What does it govern?
Confidentiality of Bank records
What are exemptions?
Routine credit inquiries, due legal process, information available in litigation with the Bank, information obtained from the state department of financial institutions under section 6-01-07.1
What are the Penalties?
No specific penalties mentioned
Jurisdiction
North Dakota