US Laws, Codes, Statutes & Cases

(1) The director shall keep, as records of his or her office, proper books showing all acts, matters, and things done under the jurisdiction of the department. Neither the director nor anyone connected with the department shall in any instance disclose the name of any depositor or debtor of any financial institution or other entity regulated by the department or the amount of his or her deposit or debt to anyone, except insofar as may be necessary in the performance of his or her official duty, except that the department may maintain a record of borrowers from the financial institutions in this state and may give information concerning the total liabilities of any such borrowers to any financial institution owning obligations of such borrowers.

(2) Examination reports, investigation reports, and documents and information relating to such reports are confidential records of the department and may be released or disclosed only (a) insofar as is necessary in the performance of the official duty of the department or (b) pursuant to a properly issued subpoena and upon entry of a protective order from a court of competent jurisdiction to protect and keep confidential the names of borrowers or depositors or to protect the public interest. If examination reports, investigation reports, or documents and information relating to such reports are subpoenaed from the department, the party issuing the subpoena shall give notice of the issuance of such subpoena at least three business days in advance of the entry of a protective order to the financial institution which is the subject of such reports or documents and information, unless the financial institution is already a party to the underlying proceeding or unless such notice is otherwise prohibited by law or by court order.

Laws 1923, c. 191, § 35, p. 457

Laws 1929, c. 38, § 18, p. 166

C.S.1929, § 8-119

Laws 1933, c. 18, § 14, p. 142

C.S.Supp.,1941, § 8-119

R.S.1943, § 8-116

Laws 1963, c. 29, § 12, p. 138

Laws 1987, LB 2, § 1

Laws 1996, LB 1053, § 3

Laws 1997, LB 137, § 2

Laws 1999, LB 396, § 6