§ 6-13-07 — Determination of privilege - Procedure

1. If a person seeks from a financial institution communications involving a compliance
audit or any compliance self-critical analysis audit document during the course of a
pending civil or criminal proceeding, the financial institution may assert the self-critical
analysis privilege and provide the information set forth in subsection 6 during the
course of those proceedings just as any other privilege is asserted in the courts of this
state. If the court is required to make a determination as to the privilege, the court shall
follow the procedure and conditions set forth in subsection 5.
2. If there is a pending administrative proceeding, or there is no pending civil or criminal
proceeding, the commissioner, state's attorney, or attorney general may serve on a
financial institution a written request by certified mail for disclosure of a compliance
self-critical analysis audit document. Within thirty days after the commissioner, state's
attorney, or attorney general serves on a financial institution a written request by
certified mail for disclosure of a compliance self-critical analysis audit document, the
financial institution that prepared or caused the document to be prepared may file with
the appropriate court a petition requesting an in camera hearing on whether the
compliance self-critical analysis audit document or portions of the document are
privileged under this chapter or subject to disclosure. The court has jurisdiction over a
petition filed by a financial institution under this subsection requesting an in camera
hearing on whether the compliance self-critical analysis document or portions of the
document are privileged or subject to disclosure. Failure by the financial institution to
file a petition waives the privilege for only the specific request made.
3. A financial institution asserting the compliance self-critical analysis privilege in
response to a request for disclosure under this section shall include in its request for
an in camera hearing all of the information set forth in subsection 6.
4. Upon the filing of a petition under this section, the court shall issue an order
scheduling, within forty-five days after the filing of the petition, an in camera hearing to
determine whether the compliance self-critical analysis audit document or portions of
the document are privileged under this chapter or subject to disclosure.
5. The court, after an in camera review, may require disclosure of material for which the
privilege is asserted if the court determines, based upon its in camera review, that any
one of the conditions set forth in subsection 2 of section 6-13-06 is applicable as to a
civil or administrative proceeding or that any one of the conditions set forth in
subsection 3 of section 6-13-06 is applicable as to a criminal proceeding. Upon making
such determination, the court may only compel the disclosure of those portions of a
compliance self-critical analysis document relevant to issues in dispute in the
underlying proceeding. A compelled disclosure may not be considered to be a public
document or be deemed to be a waiver of the privilege for any other civil, criminal, or
administrative proceeding. A financial institution unsuccessfully opposing disclosure
may apply to the court for an appropriate order protecting the document from further
disclosure.
6. A financial institution asserting the compliance self-critical analysis privilege in
response to a request for disclosure under this section shall provide at the time of
making and filing any objection to the disclosure all of the following information:
a. The date of the compliance self-critical analysis audit document;
b. The identity of the entity conducting the audit;
c. The general nature of the activities covered by the compliance audit; and

d. An identification of the portions of the compliance self-critical analysis audit
document for which the privilege is being asserted.