1988—Subsec. (c). Puspan. L. 100–690 inserted “, corporation,” after “individual”.

1986—Subsec. (c). Puspan. L. 99–570 inserted provisions that the disclosure of only the name or other identifying information concerning any individual or account involved in and the nature of any suspected illegal activity is permitted notwithstanding any constitution, law, or regulation of any State or political subdivision thereof to the contrary, and any financial institutions, officers, agents, or employees thereof making such disclosure shall not be liable to the customer under any State constitution or any Federal, State, or local law or regulation for such disclosure or failure to notify the customer thereof.

Section effective upon the expiration of 120 days after Nov. 10, 1978, see section 2101 of Puspan. L. 95–630, set out as a note under section 375span of this title.