Md. Code, Financial Institutions § 1-305
This is the official text of Md. Code, Financial Institutions § 1-305, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§1–305.
Official statutory text
(a) Any officer, employee, agent, or director of a fiduciary institution who knowingly and willfully discloses financial records in violation of this subtitle is guilty of a misdemeanor and on conviction is subject to a fine of not more than $1,000.
(b) Any person who knowingly and willfully induces or attempts to induce an officer, employee, agent, or director of a fiduciary institution to disclose financial records in violation of this subtitle is guilty of a misdemeanor and on conviction is subject to a fine of not more than $1,000.
(c) (1) Subsections (a) and (b) of this section do not apply in connection with an abuse report required under § 1–306(d) of this subtitle.
(2) A fiduciary institution that fails to file an abuse report concerning an elder adult as required under § 1–306(d) of this subtitle is subject to:
(i) A civil penalty not exceeding $1,000; or
(ii) If the failure to report is willful, a civil penalty not exceeding $5,000.
(3) The civil penalties provided under paragraph (2) of this subsection:
(i) May be recovered only in a civil action brought by the Attorney General against the fiduciary institution; and
(ii) Shall be paid by the fiduciary institution.
(4) A person who discloses information contained in an abuse report in violation of § 1–306(d)(4) of this subtitle is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $500.
(b) Any person who knowingly and willfully induces or attempts to induce an officer, employee, agent, or director of a fiduciary institution to disclose financial records in violation of this subtitle is guilty of a misdemeanor and on conviction is subject to a fine of not more than $1,000.
(c) (1) Subsections (a) and (b) of this section do not apply in connection with an abuse report required under § 1–306(d) of this subtitle.
(2) A fiduciary institution that fails to file an abuse report concerning an elder adult as required under § 1–306(d) of this subtitle is subject to:
(i) A civil penalty not exceeding $1,000; or
(ii) If the failure to report is willful, a civil penalty not exceeding $5,000.
(3) The civil penalties provided under paragraph (2) of this subsection:
(i) May be recovered only in a civil action brought by the Attorney General against the fiduciary institution; and
(ii) Shall be paid by the fiduciary institution.
(4) A person who discloses information contained in an abuse report in violation of § 1–306(d)(4) of this subtitle is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $500.
Status: in_force · Read it on the official government site
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