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Texas Finance Code - Section 151.606. Confidentiality

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 151.606. Confidentiality

§ 151.606. CONFIDENTIALITY.  (a) Except as otherwise 
provided by Subsection (b) or by rule of the commission, all 
financial information and all other personal information obtained 
by the commissioner under this chapter through application, 
examination, investigation, or otherwise, and any related file or 
record of the department, is confidential and not subject to 
disclosure.
	(b)  The commissioner may disclose confidential information 
if:              
		(1)  the applicant, license holder, or authorized 
delegate consents to the release of the information or has 
published the information contained in the release;
		(2)  the commissioner finds that release of the 
information is necessary to protect the public or purchasers or 
potential purchasers of money services from the license holder or 
authorized delegate from immediate and irreparable harm;
		(3)  the information is disclosed to an agency 
identified in Section 151.105(a), in which event the information 
remains confidential and the agency must take appropriate measures 
to maintain that confidentiality;
		(4)  the commissioner finds that release of the 
information is required for an administrative hearing;  or
		(5)  the commissioner discloses the information to a 
person acting on behalf of or for the commissioner for regulatory or 
enforcement purposes, subject to an agreement that maintains the 
confidentiality of the information.
	(c)  This section does not prohibit the commissioner from 
disclosing to the public:
		(1)  a list of license holders or authorized delegates, 
including addresses and the names of contact individuals;
		(2)  the identity of a license holder or authorized 
delegate subject to an emergency or final order of the commissioner 
and the basis for the commissioner's action;  or
		(3)  information regarding or included in a consumer 
complaint against a license holder or authorized delegate.

Added by Acts 2005, 79th Leg., ch. 1099, § 1, eff. Sept. 1, 2005.          

Last modified: August 10, 2007