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Can financial institutions be held liable for the release of account information relating to the FRM program and any levies that may result?

April 26, 2017account financial institutions FRM held levies liable program relating release

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Can financial institutions be held liable for the release of account information relating to the FRM program and any levies that may result?

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No, sec. 71.91(8) (f), Wis. Stats., establishes that a financial institution that provides information to the DOR under the FRM program is not liable to any person for disclosing information to the DOR or for any other action that the financial institution takes in good faith to comply with the program.