HARRY HUGHES, Governor                             1459

(c) "Financial record" means the original or any copy
OR RECORD of:

(1)  A document that grants signature authority
over a deposit or share account;

(2)  A statement, ledger card, or other record of
a deposit or share account that shows transactions in or
with respect to that deposit or account;

(3)  A check, clear draft, or money order that is
drawn on a fiduciary institution or issued and payable by or
through a fiduciary institution; or

(4)  Any item, other than an institutional or
periodic charge, that is made under an agreement between a
fiduciary institution and another person and that
constitutes a debit or a credit to that person's deposit or
share account.; OR

(5)  ANY INFORMATION THAT RELATES TO A LOAN
ACCOUNT OR AN APPLICATION FOR A LOAN.

1-302.

Except as otherwise expressly provided in this
subtitle, a fiduciary institution, its officers, [and its]
employees, AGENTS, AND DIRECTORS may not disclose to any
person any financial record relating to a customer of the
institution unless the customer has authorized the
disclosure to that person.

1-305.

(a)  Any officer [or], 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 [or], 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.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 6, 1980.

CHAPTER 458