Financial Records Privacy Act
Tenn. FRPA
Financial
Prohibits financial institutions from disclosing a customer's financial records to anyone other than the customer or the customer's agent unless the customer authorizes it or a subpoena meeting the act's requirements is served. Listed exceptions cover supervisory examinations, tax reporting, credit information exchanges, anonymized data, suspected-crime reports to government, and (since October 1, 2024) records given to the TBI about suspected elder financial exploitation.
- Where
- Tennessee
- Citation
- Tenn. Code Ann. §§ 45-10-101 to 45-10-119
- Status
- In force
- Last amended
- 2024-10-01
- Enforced by
- Courts (subpoena requirements); no enforcing agency identified in the reviewed sections
- People can sue
- No
- Penalties
- No penalty provision was identified in the reviewed sections.
- Applies to
- Financial institutions holding customer financial records in Tennessee
Practices it requires
- Do not disclose a customer's financial records to anyone except the customer or the customer's agent unless the customer authorizes it in the manner the act prescribes or a qualifying lawful subpoena is served.Tenn. Code Ann. § 45-10-104(a)
Other duties
- Permitted acts include internal handling and audits, supervisory examinations, publishing non-identifiable data, tax reports, and ordinary-course exchanges of credit information.Tenn. Code Ann. § 45-10-103
- Institutions may notify government authorities of information relevant to a possible violation of law, with immunity for good-faith reports.Tenn. Code Ann. § 45-10-104(b)
- Institutions may give the TBI access to records relevant to suspected elder financial exploitation, limited to transactions within 30 days before or after the suspected activity.Tenn. Code Ann. § 45-10-103(17) · From 2024-10-01
Sources
- Official text
- 2024 Tenn. Pub. Acts ch. 972, § 3 (adding § 45-10-103(17)), Tennessee Secretary of State
- Tenn. Code Ann. title 45, ch. 10 (2025 code text and history, Justia)
Checked against these sources on 2026-09-25 by research agent (Claude), primary sources.
Unverified: Original 1983 act (ch. 224) not fetched, so effective_date is null. | Authorization (§ 45-10-105), subpoena and customer-notice rules (§§ 45-10-106, -107, -117), and any remedies were not reviewed.
Research reference, not legal advice.