Contents 489D-1 Short title 489D-2 Purpose 489D-3 License required 489D-4 Definitions 489D-5 Exclusions 489D-6 License qualifications 489D-6.2 Registration with NMLS 489D-7 Bond or other security device 489D-8 Permissible investments and statutory trust 489D-9 License and registration; application 489D-9.5 Limited exemption for financial institutions; financial institutions as authorized delegates 489D-10 Application and license fees 489D-11 Issuance of license; grounds for denial 489D-12 Renewal of license and annual report 489D-12.5 Penalties and other charges 489D-13 Licensee liability 489D-14 Extraordinary reporting requirements 489D-14.5 Name change 489D-15 Changes in control of a licensee 489D-16 Money laundering reports 489D-17 Examinations 489D-18 Maintenance of records 489D-19 Confidentiality of records 489D-20 Money transmitter receipts and refunds 489D-21 Authorized delegate contracts 489D-22 Authorized delegate; conduct 489D-22.5 Voluntary surrender of license 489D-23 Prohibited practices 489D-24 Suspension or revocation of licenses 489D-25 Suspension or revocation of authorized delegates 489D-26 Orders to cease and desist 489D-27 Consent orders 489D-28 Civil penalties 489D-29 Criminal penalties 489D-30 Unlicensed persons 489D-31 Administrative procedures 489D-32 Hearings 489D-33 Division functions 489D-34 Rules

     §489D-19  Confidentiality of records.  (a)  The commissioner and all employees, contractors, attorneys contracted or employed by the State, and appointees of the division of financial institutions shall not divulge or furnish any information in their possession or obtained by them in the course of their official duties to persons outside the division, except to the director of commerce and consumer affairs, or unless otherwise permitted by this section or any other law regulating licensees or authorized delegates, in which case the disclosure shall not authorize or permit any further disclosure of the information.  The disclosures prohibited by this section shall include, without limitation, information that is:

     (1)  Privileged or exempt from disclosure under any federal or state law;

     (2)  Related to an examination performed by or on behalf of the commissioner or contained in any report of examination;

     (3)  Contained in any report or application submitted to, or for the use of the commissioner, except for the nonproprietary portions of reports and applications, as determined by the commissioner pursuant to rule;

     (4)  Related to the business, personal, or financial affairs of any person and is furnished to, or for the use of, the commissioner in confidence;

     (5)  Privileged or confidential and related to trade secrets and commercial or financial information obtained from a person;

     (6)  Obtained pursuant to any lawful investigation for the purpose of enforcing the laws regulating licensees or authorized delegates;

     (7)  Related solely to the internal personnel rules or other internal practices of the commissioner;

     (8)  Contained in personnel, medical, and similar files, including financial files, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy; or

     (9)  Contained in inter-agency and intra-agency communications, whether or not contained in written memoranda, letters, tapes, or records, that would not be routinely available by law to a private party, including memoranda, reports, and other documents prepared by the staff of the commissioner.

     (b)  Any information identified in subsection (a) is confidential and not subject to subpoena or other legal process.

     (c)  The commissioner shall furnish a copy of each report of examination to the licensee and to any authorized delegate examined.  The report and its contents shall remain the property of the commissioner and shall not be disclosed to any person who is not an officer, director, employee, authorized auditor, attorney, other consultant, or advisor of the licensee or authorized delegate.  Any person who has received the report from the licensee or authorized delegate shall be bound by the confidentiality provisions of this section.  The report and its contents shall not be subject to subpoena or other legal process requiring disclosure.

     (d)  The commissioner may furnish reports of examination and other information relating to the examination of a licensee or authorized delegate to:

     (1)  The governor, the attorney general, and heads of other state governmental agencies with regulatory authority over the licensee or authorized delegate;

     (2)  Federal, state, or foreign regulatory agencies if the requesting agency agrees to use the information only for functions directly related to the exercise of its appropriate supervisory authority; and

     (3)  Other agencies of the United States or a state for use where necessary to investigate regulatory, civil, or criminal charges in connection with the affairs of any licensee or authorized delegate under the supervision of the commissioner. [L 2006, c 153, pt of §1; am L 2008, c 195, §12]




  Subsection reproduced to correct printing error in main volume.