(a) Upon service of a subpoena or court order pursuant to G.S. 53B-4(1), (3), (9), or (11) and receipt of certification pursuant to G.S. 53B-5(5), or upon receipt of a subpoena pursuant to G.S. 53B-4(13), a financial institution shall locate the financial records requested and prepare
to make them available to the government authority seeking access to them. Upon receipt of notice that a customer has challenged the court order or subpoena,
the financial institution may suspend its efforts to make the records available until
after final disposition of the challenge.
(b) Upon receipt of access to financial records pursuant to G.S. 53B-4(1), (3), (9), (11), or (13), a government authority shall pay the financial institution that provided the financial
records a fee for costs directly incurred in assembling and delivering the financial
records. The fee shall be at the rate established pursuant to the Right to Financial Privacy
Act § 1115(a), 12 U.S.C. § 3415, and 12 C.F.R. 219, unless waived, in whole or in part, by the financial institution.
(c) A financial institution that discloses a financial record pursuant to this Chapter
in good faith reliance upon certification by a government authority pursuant to G.S. 53B-5(5) is not liable for damages resulting from the disclosure.
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