Authorization by customer

(a) A customer may authorize disclosure of financial records pertaining to the customer by signing and dating a statement authorizing the disclosure; or, if acceptable to the financial institution, a customer may provide authorization orally. The authorization may specify: (1) The name of the person to which disclosure is authorized; (2) The financial records that are authorized to be disclosed; and (3) The period of time during which the authorization is effective. (b) No authorization shall be required by a financial institution as a condition of doing business with the financial institution. Acts 1983, ch. 224, § 5. (a) A customer may authorize disclosure of financial records pertaining to the customer by signing and dating a statement authorizing the disclosure; or, if acceptable to the financial institution, a customer may provide authorization orally. The authorization may specify: (1) The name of the person to which disclosure is authorized; (2) The financial records that are authorized to be disclosed; and (3) The period of time during which the authorization is effective. (1) The name of the person to which disclosure is authorized; (2) The financial records that are authorized to be disclosed; and (3) The period of time during which the authorization is effective. (b) No authorization shall be required by a financial institution as a condition of doing business with the financial institution. Acts 1983, ch. 224, § 5.