Sec. 218. Protection of privilege and other matters relating to disclosures by market participants
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/bill/113/s/1217/rs/section-218·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.) is amended— in section 11(t)(2)(A) ( 12 U.S.C. 1821(t)(2)(A) ), by inserting after clause
(v)the following: The Federal Mortgage Insurance Corporation. ; and in section 18(x) ( 12 U.S.C. 1828(x) )— by inserting the Federal Mortgage Insurance Corporation, before any Federal banking agency each place that term appears; and by striking such agency each place that term appears and inserting Corporation, agency . Pursuant to its authority under section 103(c), to facilitate the consultive process, the Corporation may share information with the Federal banking agencies, or any individual Federal banking agency, or any State bank supervisor, or foreign banking authority, on a one-time, regular, or periodic basis as determined by the Corporation regarding the capital, asset and liabilities, financial condition, risk management practices or any other practice of any approved private mortgage insurer, servicer, issuer, or bond guarantor. Information shared by the Corporation pursuant to paragraph
(1)shall not be construed as waiving, destroying, or otherwise affecting any privilege or confidential status that any approved private mortgage insurer, servicer, issuer, or bond guarantor or any other person may claim with respect to such information under Federal or State law as to any person or entity other than such agencies, agency, supervisor, or authority. No provision of this subsection may be construed as implying or establishing that— any person waives any privilege applicable to information that is shared or transferred under any circumstance to which this subsection does not apply; or any person would waive any privilege applicable to any information by submitting the information directly to the Federal banking agencies, or any individual Federal banking agency, or any State bank supervisor, or foreign banking authority, but for this subsection.
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Sec. 218
Protection of privilege and other matters relating to disclosures by market participants
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