Maryland Statutes
Subtitle 3 - Confidential Financial Records
Section 1-305 - Penalties

(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.

Structure Maryland Statutes