(a)  An employee of a regulated institution who makes a notification pursuant to § 19-34-2, or a regulated institution that submits a report pursuant to § 19-34-2 or makes a notification to a third party pursuant to § 19-34-3, or an employee or regulated institution that testifies or otherwise participates in a judicial proceeding arising from a notification or report shall be immune from any civil or criminal liability arising from the notification, report, testimony, or participation in the judicial proceeding, unless the employee or regulated institution acted in bad faith or with a malicious purpose.

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Terms Used In Rhode Island General Laws 19-34-5

  • Regulated institution: means any financial institution, credit union, or other insured deposit-taking institution, that is authorized to do business in this state, including one authorized by operation of an interstate banking statute that allowed it original entry. See Rhode Island General Laws 19-34-1
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.

(b)  A regulated institution that in good faith and with the exercise of reasonable care places or does not place a hold on any transaction pursuant to § 19-34-4 shall be immune from any civil or criminal liability or disciplinary action resulting from that action or failure to act.

History of Section.
P.L. 2021, ch. 73, § 1, effective June 23, 2021; P.L. 2021, ch. 74, § 1, effective June 23, 2021.