Section 6October 21, 1997, Sec./Art. 6

Prohibition against inquiry into or disclosure of deposits. – All deposits of whatever nature with an Association in the Philippines are hereby considered as of an absolutely confidential nature and may not be examined, inquired or looked into by any person, government official, bureau or office, except upon written permission of the depositor, or in cases of impeachment, or upon order of a competent court in cases of bribery or dereliction of duty of public officials, or in cases where the money deposited or invested is the subject matter of litigation.

It shall be unlawful for any official or employee of an Association to disclose to any person any information concerning said deposits, except in the cases mentioned in the preceding paragraph of this Sec.. Any official or employee of an Association who violates this Sec. shall be punished under Republic Act No. 1405, as amended.