Incentives for self-testing and self-correction
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(a) Privileged information
(1) Conditions for privilegeA report or result of a self-test (as that term is defined by regulation of the Secretary) shall be considered to be privileged under paragraph (2) if any person—
(A)
conducts, or authorizes an independent third party to conduct, a self-test of any aspect of a residential real estate related lending transaction of that person, or any part of that transaction, in order to determine the level or effectiveness of compliance with this subchapter by that person; and
(B)
has identified any possible violation of this subchapter by that person and has taken, or is taking, appropriate corrective action to address any such possible violation.