If a financial regulator, under subparagraph (A), determines that the data or information described in that subparagraph is available, and may be obtained in a timely manner, from an agency, regulator, regulatory agency, or source described in that subparagraph, the financial regulator shall obtain the data or information from that agency, regulator, regulatory agency, or source. (ii) Information unavailable If a financial regulator, under subparagraph (A) determines that the data or information described in that subparagraph is not available, the financial regulatory may collect that data or information from the applicable covered entity only if the financial regulator complies with the requirements of subchapter I of chapter 35 of title 44, United States Code (commonly referred to as the ‘Paperwork Reduction Act ’), in collecting that data or information. (2) Authority to provide information Notwithstanding any other provision of law, for the purposes of paragraph (1), each relevant Federal agency and State insurance regulator or other Federal or State regulatory agency may provide to a financial regulator data or information described in that paragraph. (c) Confidentiality (1) Retention of privilege The sharing by a covered entity of any nonpublicly available data or information with a financial regulator under this title or title II shall not constitute a waiver of, or otherwise affect, any privilege arising under Federal or State law (including the rules of any Federal or State court) to which the data or information is otherwise subject. (2) Continued application of prior confidentiality agreements Any requirement under Federal or State law to the extent otherwise applicable, or any requirement pursuant to a written agreement in effect between the original source of any nonpublicly available data or information and the source of that data or information to a financial regulator, regarding the privacy or confidentiality of any data or information in the possession of the source to a financial regulator,