§ 1–305
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 1-305 (2026)
Title 1. Definitions; General Provisions
Subtitle 3. Confidential Financial Records
§ 1–305LinkCopy Citation
(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.