District of Columbia § 26-511.02 Compliance review documents.

District of Columbia Statutes

§ 26-511.02 — Compliance review documents.

District of Columbia § 26-511.02

JurisdictionDistrict of Columbia

Title 26Banks and Other Financial Institutions.

Ch. 5Credit Unions.

Subch. ICredit Union Act of 2020.

Part KTax Exemption; Compliance Review.

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Bluebook

D.C. Code § 26-511.02 (2026).

Text

(a)Compliance review documents are privileged and confidential and are nondiscoverable and nonadmissible in a civil action; except, that a District credit union may provide access to compliance review documents to an affiliate, regulatory agency, or share insurer. The delivery of compliance review documents to an affiliate, regulatory agency, or share insurer shall not constitute a waiver of the privilege granted in this section.

(b)This section shall not be construed to limit the discovery or admissibility in any civil action of any documents other than compliance review documents.

(c)For the purposes of this section, the term "compliance review documents" includes documents used to evaluate and seek to improve the District credit union's loan policies or underwriting standards, ass

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(a) Compliance review documents are privileged and confidential and are nondiscoverable and nonadmissible in a civil action; except, that a District credit union may provide access to compliance review documents to an affiliate, regulatory agency, or share insurer. The delivery of compliance review documents to an affiliate, regulatory agency, or share insurer shall not constitute a waiver of the privilege granted in this section.

(b) This section shall not be construed to limit the discovery or admissibility in any civil action of any documents other than compliance review documents.

(c) For the purposes of this section, the term "compliance review documents" includes documents used to evaluate and seek to improve the District credit union's loan policies or underwriting standards, asset quality, or financial reporting to a government unit, or comply with federal or state statutory or regulatory requirements.