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The Vermont Statutes Online
Title
08
:
Banking and Insurance
Chapter
220
:
SUPERVISION AND REGULATION
Subchapter
006
:
EXAMINATIONS
§
30602. Confidentiality of investigation and examination reports
(a) Regardless
of source, all records of investigations, including information pertaining to a
complaint by or for a consumer, and all records and reports of examinations by
the Commissioner, whether in the possession of a supervisory agency or another
person, shall be confidential and privileged, shall not be made public, and
shall not be subject to discovery or introduction into evidence in any private
civil action. No person who participated on behalf of the Commissioner in an
investigation or examination shall be permitted or required to testify in any
such civil action as to any findings, recommendations, opinions, results, or
other actions relating to the investigation or examination. The Commissioner
may, in his or her discretion, disclose, publish, or authorize the disclosure
or publication of any such record or report or any part thereof to civil or
criminal law enforcement authorities for use in the exercise of such authority's
duties, in such manner as the Commissioner may deem proper.
(b) For the
purposes of this section, records of investigations and records and reports of
examinations shall include joint examinations by the Commissioner and any other
supervisory agency. When such records are considered confidential by such
agency or foreign government and the records are in the possession of the
Commissioner, records of investigations and reports of examinations shall also
include records of examinations and investigations conducted by:
(1) any
supervisory agency; and
(2) the
supervisory agency of any foreign government with jurisdiction over any credit
union. (Added 2005, No. 16, § 1, eff. July 1, 2005.)