§ 1-305
237 words·~1 min read·
/md/financial-institutions/1-305A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§1–305.
(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.
(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.