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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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FINANCIAL INSTITUTIONS |
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TITLE 1. DEFINITIONS; GENERAL PROVISIONS |
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SUBTITLE 3. CONFIDENTIAL FINANCIAL RECORDS |
§ 1-305. Penalties
Latest version.
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(a) Officers, employees, agents and directors of institution. -- 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) Others. -- 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) Subsections (a) and (b) inapplicable to abuse reports. --
(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.