SECTION 35.57. When must a financial institution submit customer information through the electronic notification system?

A financial institution must submit the information required by §523.052(d), Business & Commerce Code, to the electronic notification system not later than the second business day after the date the customer:

(1) notifies the financial institution that the customer was a victim of an offense under §32.51, Penal Code;

(2) requests the financial institution close an account that has been compromised by the alleged offense; and

(3) presents to the home office, if in Texas, or to any branch of the financial institution in Texas:

(A) an incident or case number of the police report or a copy of the police report of an offense under §32.51, Penal Code;

(B) the sworn statement required by §523.052(b)(2), Business & Commerce Code; and

(C) the written authorization required by §523.052(b)(3), Business & Commerce Code.

Source Note: The provisions of this §35.57 adopted to be effective January 3, 2008, 32 TexReg 9940; amended to be effective September 9, 2010, 35 TexReg 8102