Can a bank call a spouse regarding a loan, when that spouse has specifically advised the bank that no information is ever to be provided to the other spouse? What laws can be applied to this?
Typically no, when A has a loan, the bank may not communicate specific information about that loan to B. Yes, they may call and leave a nondescript message that they be called back by the debtor, but privacy rules prohibit other information from being shared. Cases where this confidentiality has been breached have gone to court. You would need to contact an attorney if you wanted to consider this. How successful you would be in court, and what type of an award you could receive, would depend on how one person was harmed or damaged.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Typically no, when A has a loan, the bank may not communicate specific information about that loan to B. Yes, they may call and leave a nondescript message that they be called back by the debtor, but privacy rules prohibit other information from being shared. Cases where this confidentiality has been breached have gone to court. You would need to contact an attorney if you wanted to consider this. How successful you would be in court, and what type of an award you could receive, would depend on how one person was harmed or damaged.
