81-14-167 - Confidential information. - Mississippi Statutes

§ 81-14-167. Confidential information.
 

(1)  The following records or information of the board, the commissioner, or the agent(s) of either, shall be confidential and shall not be disclosed: 

(a) Information obtained or compiled in preparation of, or anticipation of, or during an examination, audit or investigation of any institution; 

(b) Information reflecting the specific collateral given by a named borrower, the specific amount of stock owned by a named stockholder, or specific deposit accounts held by a named member or customer; 

(c) Information obtained, prepared or compiled during or as a result of an examination, audit or investigation of any savings bank by an agency of the United States, if the records would be confidential under federal law or regulation; 

(d) Information and reports submitted by savings banks to federal regulatory agencies, if the records or information would be confidential under federal law or regulation; 

(e) Information and records regarding complaints from the public received by the department which concern savings banks when the complaint could result in an investigation, except to the management of those savings banks; 

(f) Any other letters, reports, memoranda, recordings, charts or other documents or records which would disclose any information of which disclosure is prohibited in this subsection. 

(2)  A court of competent jurisdiction may order the disclosure of specific information. 

(3)  The information contained in an application shall be deemed to be public information. Disclosure shall not extend to the financial statement of the incorporators nor to any further information deemed by the commissioner to be confidential. 

(4)  Nothing in this section shall prevent the exchange of information relating to savings banks and the business thereof with the representatives of the agencies of this state, other states, or of the United States, or with reserve or insuring agencies for savings banks. The private business and affairs of an individual or company shall not be disclosed by any person employed by the department, any member of the board, or by any person with whom information is exchanged under the authority of this subsection. 

(5)  Any official or employee violating this section shall be liable to any person injured by disclosure of such confidential information for all damages sustained thereby. 
 

Sources: Laws,  1992, ch. 489, § 49; reenacted without change, Laws,  1997, ch. 364, § 49; reenacted without change, Laws, 2001, ch. 457, § 49, eff from and after July 1, 2001.