I tried (no wonder our tax system is messed up) to read this section and I came to same conclusion as you. I did not see anything about waiving fees etc. To the best of my knowledge, absent a legal subpoena, a bank is under no obligation (outside of required IRS reporting) to supply information to a 3rd party about one of their account holders. The information may be “required by law” to be verified, but I venture to guess that the “applicant”, not the financial institution, has to verify the information submitted in order to qualify for the low income housing they are seeking.
Last edited by dpersfull; 09/10/02 07:27 PM.
The opinions expressed are mine and they are not to be taken as legal advice.