Arizona Laws 6-129.02. Records destruction; personal information
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Notwithstanding any other law and except as provided by an applicable law that requires a retention period that exceeds ten years, a bank or financial institution shall destroy, in a manner prescribed by law, all personal information belonging to a former customer or client not later than ten years after the business relationship ends.
Terms Used In Arizona Laws 6-129.02
- Bank: means a corporation that holds a banking permit issued pursuant to chapter 2 of this title. See Arizona Laws 6-101
- Financial institution: means banks, trust companies, savings and loan associations, credit unions, consumer lenders, international banking facilities and financial institution holding companies under the jurisdiction of the department. See Arizona Laws 6-101