Texas Finance Code - Section 31.301. Disclosure By Department Prohibited
Legal Research Home >
Texas Lawyer > Finance Code > Texas Finance Code - Section 31.301. Disclosure By Department Prohibited
§ 31.301. DISCLOSURE BY DEPARTMENT PROHIBITED. (a)
Except as expressly provided otherwise by this subtitle, Chapter 11
or 12, or a rule adopted under this subtitle, the following are
confidential and may not be disclosed by the banking commissioner
or an employee of the department:
(1) information directly or indirectly obtained by the
department in any manner, including an application or examination,
concerning the financial condition or business affairs of a
financial institution or a present, former, or prospective
shareholder, participant, officer, director, manager, affiliate,
or service provider of a financial institution, other than
information in a published statement or in the public portion of a
call report or profit and loss statement; and
(2) all related files and records of the department.
(b) Information obtained by the department from a federal or
state regulatory agency that is confidential under federal or state
law may not be disclosed except as provided by federal or state law.
(c) The banking commissioner or an officer or employee of
the department commits an offense if the person:
(1) discloses information or permits access to a file
or record of the department; and
(2) knows at the time of disclosure or permission that
the disclosure or permission violates this subchapter.
(d) An offense under this section is a Class A misdemeanor.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. Amended
by Acts 2001, 77th Leg., ch. 412, § 2.05, eff. Sept. 1, 2001.
Section: 31.106 31.107 31.108 31.201 31.202 31.203 31.204 31.301 31.302 31.303 31.304 31.305 31.306 31.307 31.308
Last modified: August 10, 2007
|
