|
(a) Direct costs.
Payment shall be made only for costs that are both directly incurred
and reasonably necessary to provide requested material. Search and
processing, reproduction, and transportation costs shall be considered
separately when determining whether the costs are reasonably
necessary.
(b) Compliance with legal process, request, or authorization.
No payment may be made to a financial institution until it
satisfactorily complies with the legal process, the formal written
request, or the customer authorization. When the legal process or
formal written request is withdrawn, or the customer authorization is
revoked, or where the customer successfully challenges disclosure to a
grand jury or government authority, the financial institution shall be
reimbursed for the reasonably necessary costs incurred in assembling
the requested financial records prior to the time the financial
institution is notified of such event.
(c) Itemized bill or invoice. No reimbursement is required
unless a financial institution submits an itemized bill or invoice
specifically detailing its search and processing, reproduction, and
transportation costs. Search and processing time should be billed in
15-minute increments.
|