KRS 286.8-150: Records filed with commissioner open to public inspection -- Exception.

(1) (a) Except as otherwise provided by law, applications for registration or renewals

and all papers, documents, reports, and other written instruments filed with

the commissioner under this subtitle, or obtained pursuant to an examination

by the department, shall be open to public inspection, except that the

commissioner pursuant to the provisions of KRS Chapter 61 may classify as

confidential or withhold from public i nspection, for such time as he or she

considers necessary, any information which, in his or her judgment, the public

welfare or the welfare of any licensee or registrant or its customers requires to

be so withheld.

(b) All investigations and information co ntained therein shall not be public until

such time as the commissioner makes all or part of the investigation public or

the investigation is closed.

(2) The commissioner may classify as confidential certain records and information

obtained by the departme nt when such matters are obtained from the Nationwide

Multistate Licensing System and Registry or from a governmental agency.

(3) The commissioner may classify as confidential and prohibit the disclosure of any

request for documents or records submitted pu rsuant to KRS 286.8 -180, for such

time as deemed necessary if, in the commissioner's judgment, the disclosure of said

request for documents or records may:

(a) Impede or interfere with an ongoing investigation conducted pursuant to KRS

286.8-140; or

(b) Cause the destruction or secretion of documents by the targeted party.

(4) Notwithstanding any provision to the contrary in this subtitle or in KRS Chapter 61,

any information, documents, or material provided to or obtained from the

Nationwide Multistate Lic ensing System and Registry shall be subject to the

confidentiality requirements set forth in Section 1512 of the S.A.F.E. Mortgage

Licensing Act, 12 U.S.C. sec. 5111, and amendments thereto.