# Financial Institutions (GFI)

## Title 1. Definitions; General Provisions

### Subtitle 3. Confidential Financial Records

#### Section 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.

(c)

  (1) Subsections (a) and (b) of this section do not apply in connection with an abuse report required under Sec. 1-306(d) of this subtitle.

  (2) A fiduciary institution that fails to file an abuse report concerning an elder adult as required under Sec. 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 Sec. 1-306(d)(4) of this subtitle is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $500.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)