Share Financial Institution Information Other Regulators

The bill allows the banking board and the state bank commissioner to share records and other information about banks, trust companies, and money transmitters with banking or financial institution regulatory agencies of other states or United States territories if the governmental agency is required to maintain the confidentiality of the records and shares similar information with the division of banking.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)