§ 54C-60. Confidential information. - North Carolina Statutes - USA Laws Searching

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§ 54C-60. Confidential information.

§ 54C‑60.  Confidentialinformation.

(a)        The followingrecords or information of the Commission, the Commissioner of Banks, or theagent of either shall be confidential and shall not be disclosed:

(1)        Information obtainedor compiled in preparation of or anticipation of, or during an examination,audit, or investigation of any association;

(2)        Informationreflecting the specific collateral given by a named borrower, the specificamount of stock owned by a named stockholder, any stockholder list supplied to theCommissioner of Banks under G.S. 54C‑22, or specific deposit accountsheld by a named member or customer;

(3)        Informationobtained, prepared, or compiled during or as a result of an examination, audit,or investigation of any savings bank by an agency of the United States, if therecords would be confidential under federal law or regulation;

(4)        Information andreports submitted by savings banks to federal regulatory agencies, if therecords or information would be confidential under federal law or regulation;

(5)        Information andrecords regarding complaints from the public received by the Division thatconcern savings banks when the complaint would or could result in aninvestigation, except to the management of those savings banks; and

(6)        Any other letters,reports, memoranda, recordings, charts or other documents or records that woulddisclose any information of which disclosure is prohibited in this subsection.

(b)        A court ofcompetent jurisdiction may order the disclosure of specific information.

(c)        The informationcontained in an application is deemed to be public information. Disclosureshall not extend to the financial statement of the incorporators nor to anyfurther information deemed by the Commissioner of Banks to be confidential.

(d)        Nothing in thissection shall prevent the exchange of information relating to savings banks andthe business thereof with the representatives of the agencies of this State,other states, or of the United States, or with reserve or insuring agencies forsavings banks. The private business and affairs of an individual or companyshall not be disclosed by any person employed by the Division, any member ofthe Commission, or by any person with whom information is exchanged under theauthority of this subsection.

(e)        An official oremployee of this State violating this section is liable to any person injuredby disclosure of the confidential information for all damages sustainedthereby. Penalties provided are not exclusive of other penalties. (1991, c. 680, s. 1; 2001‑193,s. 16.)