MO SB890

Director of finance and division employees must take oath of office and additional oath to keep confidential conditions and affairs of financial institutions, with exceptions for law-required disclosures and court testimony.

Director must establish internal policy ensuring professional conduct of examination employees, including procedures to address and mitigate conflicts of interest regarding employment offers from regulated entities.

Director has authority to compel production of documents and attendance of witnesses during examinations or investigations, with ability to seek judicial enforcement of administrative subpoenas.

Examination information remains confidential except for seven enumerated exceptions including government reporting duties, court proceedings, communications to institution officers, and state audits with confidentiality agreements.

Unauthorized disclosure of debtor names or examination facts constitutes misdemeanor subject to office forfeiture and fine not exceeding $1,000; financial institutions and their officers receive immunity from libel, slander, or defamation claims for good faith communications with the director.