Keeping your private information safe in the mortgage system

(a) Except as otherwise provided in title 12 United States Code section 5111, the requirements under any federal or state law regarding the privacy or confidentiality of any information or material provided to NMLS and any privilege arising under federal or state law, including the rules of any federal or state court, with respect to the information or material shall continue to apply to the information or material after the information or material has been disclosed to NMLS. The information and material may be shared with all state and federal regulatory officials with oversight authority over transactions subject to this chapter without the loss of privilege or the loss of confidentiality protections provided by federal or state law. (b) For the purposes of this section, the commissioner shall be authorized to enter into agreements or sharing arrangements with other governmental agencies, the Conference of State Bank Supervisors, or other associations representing governmental agencies as established by rule or order of the commissioner. (c) Information or material that is subject to a privilege or confidentiality under subsection (a) shall not be subject to: (1) Disclosure under any federal or state law governing the disclosure to the public of information held by an officer or an agency of the federal government or a state; or (2) Subpoena or discovery, or admission into evidence, in any private civil action or administrative process, unless: (A) Any privilege is determined by NMLS to be inapplicable to the information or material; or (B) The person to whom the information or material pertains waives that privilege, in whole or in part. (d) Notwithstanding chapter 92F, the examination process and related information and documents, including the reports of examination, shall be confidential and shall not be subject to discovery or disclosure in civil or criminal lawsuits. (e) If a conflict arises between this section and any other state law relating to the disclosure of privileged or confidential information or material, this section shall control. (f) This section shall not apply to information or material relating to the employment history of, and publicly adjudicated disciplinary and enforcement actions against, any persons that are included in NMLS for access by the public.