§ 40-6-22. Disclosure of information — Penalty.
(a) For purposes of this section, a "financial institution� means a bank, savings bank,
national bank, trust company, building and loan association, loan and investment company,
credit union, safe deposit company, any person or corporation registered to sell securities
under the provisions of chapter 11 of title 7, or federal savings and loan institution authorized to do business under the laws
of this state.
(b) A financial institution, upon written request or upon request made by computer file
on magnetic tape, signed or submitted by an authorized employee
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§ 40-6-22. Disclosure of information — Penalty.
(a) For purposes of this section, a "financial institution� means a bank, savings bank,
national bank, trust company, building and loan association, loan and investment company,
credit union, safe deposit company, any person or corporation registered to sell securities
under the provisions of chapter 11 of title 7, or federal savings and loan institution authorized to do business under the laws
of this state.
(b) A financial institution, upon written request or upon request made by computer file
on magnetic tape, signed or submitted by an authorized employee of the department
of human services, shall inform the department of the amount deposited in the financial
institution to the credit of a person named in, or otherwise identified in, the request
as an applicant for, or recipient of, public assistance under this chapter or chapter
8 of this title. Upon the request, the financial institution shall provide the requested
deposit information, in writing or by computer file on magnetic tape, to the department
of human services within sixty (60) days from the receipt of the request. The department
shall not submit its information request by computer file on magnetic tape to a financial
institution that does not maintain deposit information on computer files, and the
financial institution shall not be required to provide deposit information by computer
file on magnetic tape.
(c) A financial institution shall be subject to a penalty of one hundred dollars ($100)
for each willful failure to provide the department with the requested information.
The department may recover the penalty by civil action in any court of competent jurisdiction.
(d) The department of human services may disclose information obtained pursuant to this
section to an agency or department of another state administering a public assistance
program, provided that the department of human services has executed a reciprocal
agreement with the agency or department for the reciprocal disclosure of deposit information.