(a) Neither you nor any person who performs services on your behalf may use or disclose information obtained from us or a third party in connection with an FDIC contract, unless:
- (1) The contract allows or we authorize the use or disclosure;
- (2) The information is generally available to the general public; or
- (3) We make the information available to the general public.
(b) The following are examples of when your use of confidential information is inappropriate. These examples are not inclusive.
- (1) Disclosing information about an asset, such as internal asset valuations, appraisals or environmental reports, except as part of authorized due diligence materials, to a prospective asset purchaser.
- (2) Disclosing a borrower's or guarantor's personal or financial information, such as a financial statement to an unauthorized party.