1504

LAWS OF MARYLAND

Ch. 251

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 1-303

Annotated Code of Maryland

(1980 Volume and 1980 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Financial Institutions

1-303.

This subtitle does not prohibit:

(1)  The preparation, examination, handling, or
maintenance of financial records by any officer, employee,
or agent of a fiduciary institution that has custody of the
records;

(2)  The examination of financial records by a
certified public accountant while engaged by a fiduciary
institution to perform an independent audit;

(3)  The examination of financial records by or
the disclosure of financial records to any officer,
employee, or agent of a supervisory agency for use only in
the exercise of that person's duties as an officer,
employee, or agent;

(4)  The publication of information derived from
financial records if the information cannot be identified to
any particular customer, deposit, or account;

(5)  The making of reports or returns required by
federal law;

(6)  The disclosure of any information permitted
to be disclosed under those provisions of the Commercial Law
Article that relate to the dishonor of a negotiable
instrument; [or]

(7)  The exchange, in the regular course of
business, of credit information between a fiduciary
institution and any other fiduciary institution or
commercial enterprise, if made directly or through a
consumer reporting agency[.]; OR

(8)  THE EXCHANGE, IN THE REGULAR COURSE OF
BUSINESS, OF A STATEMENT OF A MORTGAGE ACCOUNT ON THE
SUBJECT PROPERTY IN CONNECTION WITH A SALS OR, REFINANCING,
OR FORECLOSURE, OF REAL PROPERTY; OR THE DISCLOSURE, IN THE
REGULAR COURSE OF BUSINESS, OF A STATEMENT OF A MORTGAGE