Sec. 96.111. DISCLOSURE OF INFORMATION IN SUPERVISORY ORDER; CONFIDENTIALITY. (a) When a supervisory order is issued under this chapter, the commissioner shall report the existence of the order promptly to the finance commission but shall maintain the confidentiality of the content of the order.
(b) Except as provided by Subsection (c) or (d), information contained in a temporary or final supervisory order or a notice, correspondence, or other record relating to the order is confidential.
(c) The commissioner, for good reason as determined by the commissioner, may disclose the information described by Subsection (b) in a hearing or judicial proceeding under Section 96.107, 96.109, or 96.110 or in a proceeding to assert a defense under Section 96.403.
(d) The commissioner may disclose the information described by Subsection (b) to a department, agency, or instrumentality of this or another state or the United States if the commissioner determines that disclosure is necessary or proper to enforce the laws of this or another state or the United States.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 464 (S.B. 1008), Sec. 13, eff. September 1, 2013.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 96 - Supervision and Regulation
Subchapter C. Supervisory Intervention
Section 96.101. Intervention for Violations and Unsafe and Unsound Practices
Section 96.102. Intervention for Filing Inappropriate Information
Section 96.103. Intervention for Activity Resulting in Actual or Potential Financial Loss
Section 96.104. Intervention Relating to Examination of Affairs
Section 96.105. Temporary Supervisory Order
Section 96.106. Service of Temporary Supervisory Order
Section 96.107. Hearing on Temporary Supervisory Order; Final Order
Section 96.108. Plan of Operation of Savings Bank After Order of Temporary Conservatorship
Section 96.109. Enforcement of Supervisory Order
Section 96.110. Stay of Supervisory Order
Section 96.111. Disclosure of Information in Supervisory Order; Confidentiality