§30602. Confidentiality of investigation and examination reports

Link to law: http://legislature.vermont.gov/statutes/section/08/220/30602
Published: 2015

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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.)
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