2011 Kentucky Revised Statutes Subtitle 8. Mortgage Loan Companies and Brokers 286.8.175 Confidentiality of examination reports and information -- Exceptions -- Prima facie evidence.
KY Rev Stat § 286.8.175 (1996 through Reg Sess) What's This?
286.8-175 Confidentiality of examination reports and information -- Exceptions -Prima facie evidence.
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Reports of examination, and correspondence that relates to the report of
examination, of a mortgage loan company or mortgage loan broker shall be
considered confidential information. No officer or director of a mortgage loan
company or mortgage loan broker, employee of the department, or employee of a
state or federal regulatory authority shall release any information contained in the
examination, except when:
(a) Required in a proper legal proceeding in which a subpoena and protective
order insuring confidentiality has been issued by a court of competent
jurisdiction; or
(b) The information is referred to an appropriate prosecuting attorney for possible
criminal proceedings.
The department may furnish to and exchange information and reports with officials
and examiners of other properly authorized state or federal regulatory authorities.
Every official report concerning a mortgage loan company or mortgage loan broker,
and every report of examination, shall be prima facie evidence of the facts therein
stated for all purposes in any action in which the department, mortgage loan
company, or mortgage loan broker is a party.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 783, effective July 15, 2010. -- Created
1998 Ky. Acts ch. 197, sec. 16, effective July 15, 1998.
Formerly codified as KRS 294.175.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts
ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the
Kentucky Financial Services Code, KRS Chapter 286.
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