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286.10-240 Confidentiality of examination -- Exceptions.
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Reports of examination, and correspondence that relates to the report of
examination, of a title pledge lender shall be considered confidential information.
No officer or director of a title pledge lender or employee of the department shall
release any information contained in the examination, except if:
(a) Required in a proper legal proceeding in which a subpoena and protective
order insuring confidentiality have been issued by a court of competent
jurisdiction; or
(b) The information is referred to an appropriate prosecuting attorney for possible
criminal proceedings, to outside persons providing professional services to the
title pledge lender, or to outside persons for the purpose of evaluating the title
pledge lender for possible acquisition. Reports of examination released to
outside persons providing professional services to the title pledge lender or for
the purpose of evaluating the title pledge lender for possible acquisition, shall
require a written request from the outside person and prior approval by the
board of directors or an executive committee of the title pledge lender.
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 title pledge lender, and every report of
examination, shall be prima facie evidence of the facts stated therein for all
purposes in any action in which the department or title pledge lender is a party.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 829, effective July 15, 2010. -- Created
1998 Ky. Acts ch. 242, sec. 9, effective July 15, 1998.
Formerly codified as KRS 368.240.
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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