Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 1-305

  • Adult: means an individual at least 18 years old. See
  • Conviction: A judgement of guilt against a criminal defendant.
  • Fiduciary: A trustee, executor, or administrator.
  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(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.