N.Y. Banking Law § 599-q: Confidentiality

§ 599-q. Confidentiality. In order to promote more effective

regulation and reduce regulatory burden through supervisory information

sharing, information provided to the superintendent by an MLO shall be

subject to the following:

1. Except as otherwise provided in public law 110-289, section 1512,

the requirements under any federal law, the freedom of information law

("FOIL") or other law of this state regarding the privacy or

confidentiality of any information or material provided to the NMLSR,

and any privilege arising under federal or state law (including the

rules of any federal or state court) with respect to such information or

material, shall continue to apply to such information or material after

the information or material has been disclosed to the NMLSR. Such

information and material may be shared with all state and federal

regulatory officials with mortgage industry oversight authority without

the loss of privilege of the loss of confidentiality protections

provided by federal law, FOIL or this chapter.

2. For these purposes, the superintendent is authorized to enter into

agreements or sharing arrangements with other governmental agencies, the

Conference of State Bank Supervisors, the American Association of

Residential Mortgage Regulators or other associations representing

governmental agencies as established by rule, regulation or order of the

superintendent.