Subject to § 8–704.1 of the Natural Resources Article and subsection (b) of this section, a custodian may not knowingly disclose a public record of the Department of Natural Resources containing personal information about the owner of a registered vessel. A custodian shall disclose personal information about the owner of a registered vessel for use in the normal course of business activity by a financial institution, as defined in § 1–101(i) of the Financial Institutions Article, its agents, employees, or contractors, but only: to verify the accuracy of personal information submitted by the individual to that financial institution; and if the information submitted is not accurate, to obtain correct information only for the purpose of: preventing fraud by the individual; pursuing legal remedies against the individual; or recovering on a debt or security interest against the individual.