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§ 1-305. Fines and penalties for violation of subtitle

West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2012

West's Annotated Code of Maryland
Financial Institutions
Title 1. Definitions; General Provisions
Subtitle 3. Confidential Financial Records (Refs & Annos)
Effective: October 1, 2012
MD Code, Financial Institutions, § 1-305
§ 1-305. Fines and penalties for violation of subtitle
Currentness
Knowing and willful disclosure of financial records
(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.
Inducement of officer, employee, agent, or director to disclose financial records
(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.
Failure to file abuse reports
(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.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1980, c. 457; Acts 2012, c. 324, § 1, eff. Oct. 1, 2012; Acts 2012, c. 325, § 1, eff. Oct. 1, 2012.
Formerly Art. 11, § 227.
MD Code, Financial Institutions, § 1-305, MD FIN INST § 1-305
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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