(1) A financial institution may disclose financial records of a customer to a state or local agency, and such an agency may request and receive such records, when the customer has authorized such disclosure as provided in this section.
(2) The authorization of disclosure shall:
(a) Be in writing, signed and dated by the customer;
(b) Identify with particularity the records authorized to be disclosed;
(c) Name the agency to whom disclosure is authorized;
(d) Contain notice to the customer that the customer may revoke such authorization at any time in writing; and
(e) Inform the customer as to the reason for such request and disclosure.
(3) No financial institution shall require a customer to sign an authorization for disclosure as a condition of doing business with such institution. [1977 c.517 §3]
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