{"data":{"id":"us-mi/mich.-comp.-laws-487.3339","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.3339","heading":"Compliance review committee; construction of section.","body":"Sec. 339.\n\nA compliance review committee shall evaluate and seek to improve all of the following:\n\nLoan policies or underwriting standards.\n\nAsset quality.\n\nFinancial reporting to federal or state government or regulatory agencies.\n\nCompliance with federal or state statutory or regulatory requirements.\n\nExcept as provided in subsection (3), all of the following apply to a compliance review committee:\n\nCompliance review documents are confidential and are not subject to discovery or admissible in evidence in a civil action.\n\nIndividuals serving on a compliance review committee or acting under the direction of a compliance review committee shall not be required to testify in a civil action about the contents of a compliance review document or conclusions of a compliance review committee or about the actions taken by a compliance review committee.\n\nCompliance review documents delivered to individuals who are not members of the compliance review committee, or to other entities including state, federal, or foreign governmental or regulatory agencies, shall remain confidential and are not discoverable or admissible in evidence in a civil action.\n\nThis section does not apply to any civil action initiated by a federal or state regulatory agency.\n\nThis section shall not be construed to limit the testimony that can be required about matters other than the contents of a compliance review document or conclusions or actions of a compliance review committee. This section does not limit the discovery or admissibility in a civil action of any documents other than compliance review documents.","path":["MI Code","Chapter 487","Act Act-354-of-1996"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-3339","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"4ee2e209130b134da36d9890607e41b293d131db405e2e54b402094e493c1a51","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.3338","next":"us-mi/mich.-comp.-laws-487.3401"},"notice":"GroundRules: Original legal text. Not legal advice."}