Section 6-909 - Disclosure of credit union information.
§ 6-909. Disclosure of credit union information.
(a) In general.- Except as otherwise provided in this article, the Commissioner and the employees of and the attorney for the Commissioner's office may not disclose:
(1) The name of any debtor of a credit union;
(2) Any information about the private accounts with or transactions of a credit union;
(3) Any information obtained in the course of examining a credit union; or
(4) Any confidential information obtained from a credit union authority.
(b) Disclosures not prohibited.- This section does not apply to any information that a person discloses:
(1) In performing a public duty to report on or take special action about the business of a credit union;
(2) In testifying as a witness in a criminal proceeding; or
(3) In informing any official, officer, employee, or agent of a credit union under examination of the results of that examination.
(c) Credit union insurers.-
(1) The Commissioner may give a credit union share guaranty corporation information about a credit union if:
(i) The credit union is insured by the credit union share guaranty corporation; or
(ii) The credit union:
1. Is applying for insurance from the credit union share guaranty corporation; and
2. Requests the Commissioner to provide the information.
(2) The Commissioner may give the National Credit Union Administration Share Insurance Program information about a credit union if:
(i) The credit union is insured by the National Credit Union Administration Share Insurance Program; or
(ii) The credit union:
1. Is applying for insurance from the National Credit Union Administration Share Insurance Program; and
2. Requests the Commissioner to provide the information.
(d) Confidential information is property of Commissioner.- Except as otherwise provided by law, all confidential information disclosed to any person as permitted under this section:
(1) Remains the property of the Commissioner; and
(2) May not be further disclosed by that person without the written permission of the Commissioner.
(e) Penalty.- A person that violates any provision of this section is guilty of a misdemeanor and on conviction is subject to:
(1) Forfeiture of the person's office or employment; and
(2) A fine not exceeding $1,000 or imprisonment not exceeding 2 years or both.
[1997, ch. 569; 2001, ch. 147, § 1; ch. 148, § 1.]