51A-1-17. No duty to disclose information about customers--Exceptions.
Any regulated lender as defined in §54-3-14 has no duty to disclose information about its customers and has no duty to provide an opinion about the creditworthiness of its customers unless such information or opinion is required pursuant to a valid subpoena, court order, statute, or other legal process, or unless the customer authorizes the release of such information or opinion. A regulated lender may restrict the dissemination of information and creditworthiness of its customers by written policy or agreement.
Source: SL 2000, ch 224, §1.
Structure South Dakota Codified Laws
Chapter 01 - Definitions, General Provisions And Penalties
Section 51A-1-1 - Applicability of provisions--Retention of capital structure by banks.
Section 51A-1-2 - Definition of terms.
Section 51A-1-4 - Disqualification of officer, employee or director for violation--Civil liability.
Section 51A-1-5 - Failure to obey director's orders--Civil liability.
Section 51A-1-6 - Procedure to recover fine.
Section 51A-1-7 - Injunction against violation.
Section 51A-1-9 - Concealment of bank transactions as misdemeanor.
Section 51A-1-10 - False entries--Obstruction of examination--Felonies.
Section 51A-1-11 - False filing as misdemeanor.
Section 51A-1-14 - Receipt, possession, or sale of misappropriated funds or information as felony.
Section 51A-1-15 - Acknowledgments by officers or employees of banks validated.
Section 51A-1-16 - Severability of provisions.
Section 51A-1-17 - No duty to disclose information about customers--Exceptions.