All data and information regarding the finances of borrowers and creditors which is created, collected, or maintained by the director of the agriculture mediation program pursuant to the terms of this chapter or disclosed to the mediator are not public records and are confidential and discussions with the mediators are privileged communications.

All mediation meetings, and all mediation activities provided by this chapter are exempt from the provisions of chapter 1-27.

Source: SL 1988, ch 384, § 17; SL 1991, ch 394, § 12; SL 2001, ch 259, § 13.