§ 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.

HISTORY: 1997, ch. 569; 2001, ch. 147, § 1; ch. 148, § 1.