Sec. 4-2. Confidentiality.

324 words·~1 min read·/il/chapter-205/act-658/4-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Except as otherwise provided in this Section, all information or reports obtained by the Secretary from an applicant, licensee, or authorized delegate, and all information contained in or related to an examination, investigation, operating report, or condition report prepared by, on behalf of, or for the use of the Secretary, or financial statements, balance sheets, or authorized delegate information, are confidential and are not subject to disclosure under the Freedom of Information Act.

(b)The Secretary may disclose information not otherwise subject to disclosure under subsection

(a)to representatives of State or federal agencies who promise in a record that they will maintain the confidentiality of the information or where the Secretary finds that the release is reasonably necessary for the protection and interest of the public.

(c)This Section does not prohibit the Secretary from disclosing to the public a list of all licensees or the aggregated financial or transactional data concerning those licensees.

(d)Information contained in the records of the Department that is not confidential and may be made available to the public either on the Department's website, upon receipt by the Department of a written request, or in NMLS shall include:

(1)the name, business address, telephone number, and unique identifier of a licensee;

(2)the business address of a licensee's registered agent for service;

(3)the name, business address, and telephone number of all authorized delegates;

(4)the terms of or a copy of any bond filed by a licensee, if confidential information,

including, but not limited to, prices and fees, for such bond is redacted;

(5)copies of any final orders of the Department relating to any violation of this Act

or regulations implementing this Act; and

(e)Imposition of an administrative action under this Act is not confidential.

(f)The Secretary, in his or her sole discretion, may disclose otherwise confidential information when he or she determines disclosure is in the public interest.