{"data":{"id":"us-ok/okla.-stat.-tit.-6-6-3002","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 6, § 6-3002","heading":"Compliance review documents - Confidentiality - Discovery","body":"or admissibility.\n\nA. For purposes of this section:\n\n1. \"Depository institution\" means a state-chartered or\n\nfederally chartered financial institution located in this state that\n\nis authorized to maintain deposit or share accounts;\n\n2. \"Compliance review committee\" means:\n\na. an audit, loan review or compliance committee\n\nappointed by the board of directors of a depository\n\ninstitution, or\n\nb. any other person to the extent the person acts in an\n\ninvestigatory capacity at the direction of a\n\ncompliance review committee;\n\n3. \"Compliance review documents\" means documents prepared for\n\nor created by a compliance review committee;\n\n4. \"Loan review committee\" means a person or group of persons\n\nwho, on behalf of a depository institution, reviews loans held by\n\nthe institution for the purpose of assessing the credit quality of\n\nthe loans, compliance with the loan policies of the institution, and\n\ncompliance with the applicable laws and regulations; and\n\n5. \"Person\" means an individual, group of individuals, board,\n\ncommittee, partnership, firm, association, corporation, or other\n\nentity.\n\nB. This section applies to a compliance review committee whose\n\nfunctions are to evaluate and seek to improve:\n\n1. Loan underwriting standards;\n\n2. Asset quality;\n\n3. Financial reporting to federal or state regulatory agencies;\n\nor\n\n4. Compliance with federal or state statutory or regulatory\n\nrequirements.\n\nC. Except as provided in subsection D of this section:\n\n1. Compliance review documents are confidential and are not\n\ndiscoverable or admissible in evidence in any civil action arising\n\nout of matters evaluated by the compliance review committee; and\n\n2. Compliance review documents delivered to a federal or state\n\ngovernmental agency remain confidential and are not discoverable or\n\nadmissible in evidence in any civil action arising out of matters\n\nevaluated by the compliance review committee.\n\nD. Subsection C of this section does not apply to any\n\ninformation required by statute or regulation to be maintained by or\n\nprovided to a governmental agency while the information is in the\n\npossession of the governmental agency to the extent applicable law\n\nexpressly authorizes its disclosure.\n\nE. This section may not be construed to limit the discovery or\n\nadmissibility in any civil action of any documents that are not\n\ncompliance review documents, nor may it be construed to limit the\n\ndiscovery or admissibility of any relevant documents which reflect\n\nevidence of fraud committed by an insider of a depository\n\ninstitution, to the extent those documents are otherwise\n\ndiscoverable or admissible.","path":["OK Code","Title 6"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os6.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"0c8dbca021195491e865745c7f42d0a095bbbc0d00bc7c392edc7350c52624d2","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-6-6-3001","next":"us-ok/okla.-stat.-tit.-6-6-3003"},"notice":"GroundRules: Original legal text. Not legal advice."}