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12 USC § 4546 - Prohibition of public disclosure of proprietary information 

---
identifier: "/us/usc/t12/s4546"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 4546 - Prohibition of public disclosure of proprietary information"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "4546"
section_name: "Prohibition of public disclosure of proprietary information"
chapter_number: 46
chapter_name: "GOVERNMENT SPONSORED ENTERPRISES"
subchapter_number: "I"
subchapter_name: "SUPERVISION AND REGULATION OF ENTERPRISES"
part_number: "B"
part_name: "Additional Authorities of the Director"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 102–550, title XIII, § 1326, Oct. 28, 1992, 106 Stat. 3955; Pub. L. 110–289, div. A, title I, §§ 1122(a)(1), 1127, July 30, 2008, 122 Stat. 2689, 2695.)"
---

# § 4546. Prohibition of public disclosure of proprietary information

**(a)** **In general** section 4543 of this titlesection 1723a(n)(3) of this titlesection 1456(f)(3) of this title

Subject to subsection (d), the Director may, by regulation or order, provide that certain information shall be treated as proprietary information and not subject to disclosure under , , or .

**(b)** **Protection of information on housing activities** section 1723a(n) of this titlesection 1456(f) of this title

The Director shall not provide public access to, or disclose to the public, any information required to be submitted by an enterprise under  or  that the Director determines is proprietary.

**(c)** **Nondisclosure pending consideration** This section may not be construed to authorize the disclosure of information to, or examination of data by, the public or a representative of any person or agency pending the issuance of a final decision under this section.

**(d)** **Mortgage information** Subject to privacy considerations, as described in section 304(j) of the Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2803(j)), the Director shall, by regulation or order, provide that certain information relating to single family mortgage data of the enterprises shall be disclosed to the public, in order to make available to the public—

**(1)** the same data from the enterprises that is required of insured depository institutions under the Home Mortgage Disclosure Act of 1975 [12 U.S.C. 2801 et seq.]; and

**(2)** information collected by the Director under section 4544(b)(6) of this title.

---

**Source Credit**: (Pub. L. 102–550, title XIII, § 1326, Oct. 28, 1992, 106 Stat. 3955; Pub. L. 110–289, div. A, title I, §§ 1122(a)(1), 1127, July 30, 2008, 122 Stat. 2689, 2695.)

## Editorial Notes

### References in Text

The Home Mortgage Disclosure Act of 1975, referred to in subsec. (d)(1), is title III of , , , which is classified principally to chapter 29 (§ 2801 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under  and Tables.

### Amendments

2008—, substituted “Director” for “Secretary” wherever appearing in subsecs. (a) and (b).

Subsec. (a). , substituted “Subject to subsection (d), the Director” for “The Director”.

Subsec. (d). , added subsec. (d).