KRS 131.676: Provision of identifying or asset information not to be disclosed to

delinquent taxpayer or debtor -- Penalty -- Financial institutions not liable --

General notice to account holders.

(1) A financial institution furnishing a report or providing asset information about a

delinquent taxpayer or debtor to the department shall not disclose to the delinquent

taxpayer or debtor that the name of that person has been received from or furnished

to the department. A financial institution may disclose to its dep ositors or account

holders that, under the financial institution match system, the department has the

authority to request certain identifying information on certain depositors or account

holders.

(2) If a financial institution willfully violates the provi sions of this section, the

institution shall pay to the department the lesser of one thousand dollars ($1,000) or

the amount on deposit or in the account of the person to whom the disclosure was

made.

(3) A financial institution shall incur no obligation o r liability to a depositor or account

holder or any other person arising from the furnishing of a report or information to

the department pursuant to KRS 131.670 to 131.676, or from the failure to disclose

to a depositor or account holder that the name of the person was included in a list or

report furnished by the financial institution to the department.

(4) A financial institution shall not give notice to an account holder or customer of the

financial institution that the financial institution has provide d information or taken

any action pursuant to KRS 131.670 to 131.676 and shall not be liable for failure to

provide that notice; provided, however, that a financial institution may disclose to

its depositors or account holders that, under the data match sy stem, the department

has the authority to request certain identifying information on certain depositors or

account holders. The department shall notify, not less than annually, affected

depositors or account holders who have not otherwise received notification.