# Mich. Comp. Laws § 490.205: Disclosure of information

> Michigan · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.205

## Section

- **Citation:** Mich. Comp. Laws § 490.205
- **Heading:** Disclosure of information
- **Jurisdiction:** Michigan
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MI Code / Chapter 490 / Act Act-215-of-2003 / Section 490.205

## Text

Sec. 205.

The commissioner and all deputies, agents, and employees of the office of financial and insurance services shall keep secret all facts and information obtained in the course of their duties, except if the person is required under law to report upon, take official action, or testify in any proceedings regarding the affairs of a credit union. This subsection applies to all former commissioners, deputies, agents, and employees of the office of financial and insurance services.

This section does not apply to, and does not prohibit the furnishing of information or documents to, any federal, foreign, or out-of-state credit union regulatory agencies, and is not applicable to disclosures made in the public interest by the commissioner, at his or her discretion.

History: 2003, Act 215, Eff. June 1, 2004

## Nearby sections

- [Mich. Comp. Laws § 490.101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.101.md)
- [Mich. Comp. Laws § 490.102 Definitions; A to I.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.102.md)
- [Mich. Comp. Laws § 490.103 Definitions; M to S.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.103.md)
- [Mich. Comp. Laws § 490.104 "Credit union"; use in name or title; restrictions; "corporate" or "corporate central"; use in name.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.104.md)
- [Mich. Comp. Laws § 490.105 Domestic credit union; exemption from tax; exception; stock transfer tax.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.105.md)
- [Mich. Comp. Laws § 490.201 Administration and supervision by director; annual operating fee; limitation; report filed by domestic credit union; delinquent fee; waiver; amendment to bylaws or certificate of organization; examination of accounts, books, and records; "records" defined.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.201.md)
- [Mich. Comp. Laws § 490.202 Fee, fine, or other money received or collected by director; disposition; establishment of credit union regulatory fund.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.202.md)
- [Mich. Comp. Laws § 490.203 Office of financial and insurance services; hearing or proceeding; document retention; order or ruling.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.203.md)
- [Mich. Comp. Laws § 490.204 Immunity.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.204.md)
- [Mich. Comp. Laws § 490.205 Disclosure of information.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.205.md)
- [Mich. Comp. Laws § 490.206 Rules; orders; declaratory rulings.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.206.md)
- [Mich. Comp. Laws § 490.207 Examination by director; conduct; report; document, material, or information; confidentiality; disclosure; demand for production; request for discovery or disclosure; judicial review; appeal; best practices or other improvements; guidance to promote consistency and due process.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.207.md)
- [Mich. Comp. Laws § 490.208 Application for additional powers by domestic credit unions.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.208.md)
- [Mich. Comp. Laws § 490.209 Issuance of subpoena by circuit court.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.209.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MI_C490_AAct-215-of-2003_S490.205. Check the current official text before relying on it. Not legal advice.