N.C. Gen. Stat. » Chapter 53B
NC General Statutes

N.C. Gen. Stat. § 53B-2 (2026)

Definitions

✓ current as of July 2026
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As used in this Chapter, unless the context otherwise requires, the term:

(1) "Customer" means a person who has transacted business with a financial institution or has used the services offered by a financial institution.

(2) "Financial institution" means a banking corporation, trust company, savings and loan association, credit union, or other entity principally engaged in the business of lending money or receiving or soliciting money on deposit.

(3) "Financial record" means an original of, a copy of, or information derived from, a record held by a financial institution pertaining to a customer's relationship with the financial institution and identified with or identifiable with the customer. Financial record shall not include forged or counterfeit financial instruments or records relating to an account established under a fictitious name or another person's name without proper authorization.

(4) "Government authority" means an agency or department of the State or of any of its political subdivisions, including any officer, employee, or agent thereof.

(5) "Government inquiry" means a lawful investigation by a government agency or official proceeding inquiring into a violation of, or failure to comply with, any criminal or civil statute, law, or rule.

(6) "Supervisory agency" means a State agency or department having the statutory authority to examine the financial condition or business operation of a financial institution. (1985 (Reg. Sess., 1986), c. 1002, s. 1; 2006-259, s. 14(a).)

 

Notes of Decisions
Cited in 3 cases, 2001–2018 · leading case: McFadyen v. Duke Univ., 786 F. Supp. 2d 887 (M.D.N.C. 2011).
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McFadyen v. Duke Univ., 786 F. Supp. 2d 887 (M.D.N.C. 2011). · cites it 2× “However, that statute only applies to “financial institutions” that are “principally engaged in the business of lending money or receiving or soliciting money on deposit” and under that statute, a “financial record” is a record held by such an institution N.C. Gen.Stat. § 53B-2.…”
Velez v. Dick Keffer Pontiac GMC Truck, Inc., 551 S.E.2d 873 (N.C. Ct. App. 2001). “” G.S. 53B-2(4). The statute denotes the situations under which a government authority may access a customer’s financial record held by a financial institution.”
Eidogen-Sertanty, Inc. v. Univ. of N.C., 2018 NCBC 127 (N.C. Bus. Ct. 2018). “§ 53B-2(4) (“‘Government authority’ means an agency or department of the State or of any of its political subdivisions, including any officer, employee, or agent thereof.”
N.C. Gen. Stat. § 53B-2(4): 2 cases
Velez v. Dick Keffer Pontiac GMC Truck, Inc., 551 S.E.2d 873 (N.C. Ct. App. 2001). “” G.S. 53B-2(4). The statute denotes the situations under which a government authority may access a customer’s financial record held by a financial institution.”
Eidogen-Sertanty, Inc. v. Univ. of N.C., 2018 NCBC 127 (N.C. Bus. Ct. 2018). “§ 53B-2(4) (“‘Government authority’ means an agency or department of the State or of any of its political subdivisions, including any officer, employee, or agent thereof.”
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