Title 12 — Banks and BankingRelease 119-73
§3415 Cost reimbursement
Title 12 › Chapter CHAPTER 35— - RIGHT TO FINANCIAL PRIVACY › § 3415
Summary
A government authority must pay a financial institution for reasonable costs to search, copy, or transport customer financial records, except for records obtained under section 3403(d), 3413(a)–(h), or other laws. The Federal Reserve Board must set the payment rates and rules by regulation.
Full Legal Text
Title 12, §3415
Banks and Banking — Source: USLM XML via OLRC
Except for records obtained pursuant to section 3403(d) or 3413(a) through (h) of this title, or as otherwise provided by law, a Government authority shall pay to the financial institution assembling or providing financial records pertaining to a customer and in accordance with procedures established by this chapter a fee for reimbursement for such costs as are reasonably necessary and which have been directly incurred in searching for, reproducing, or transporting books, papers, records, or other data required or requested to be produced. The Board of Governors of the Federal Reserve System shall, by regulation, establish the rates and conditions under which such payment may be made.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 95–630, title XI, § 1115(b), Nov. 10, 1978, 92 Stat. 3708, provided that: “This section shall take effect on October 1, 1979.”
Reference
Citations & Metadata
Citation
12 U.S.C. § 3415
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73