Protection Of Privacy

(1) No information relating to any transaction by electronic funds transfer, or application therefor, between a financial institution and its customer or prospective customer may be disclosed by the financial institution to any person or government entity without: (a) the consent of the customer; or (b) a subpoena issued by a court of record directing the financial institution to disclose such information to the person or government entity. (2) Compliance with such subpoena relieves a financial institution and its employees of liability to a customer or other person for such disclosure. (3) This section does not prevent: (a) the examination of financial institutions by duly authorized regulatory authority or the transfer of information by a financial institution to a clearinghouse which administers transactions between financial institutions; or (b) the access by a party to a transaction to information relating to a specific transaction.