HARRY HUGHES, Governor

3803

AN ACT concerning

Credit Cards - Disclosures of Financial Records

FOR the purpose of requiring any subpoena served on an entity
which issues a credit card for information related to the
credit card holder's account to contain a certain
certification that the credit the holder has been notified
of the subpoena by the party seeking the information and of
the requirements of the subpoena; authorizing a fiduciary
institution to produce financial records or information
derived from financial records in answer to a subpoena in
the alternative to disclosing those records; and providing
that production or disclosure of financial records or
financial information by a fiduciary institution is
permitted if a subpoena requiring disclosure or production
contains a certain certification that a copy of the subpoena
has been sent by certified mail, return receipt requested,
to served on the person whose records are sought by the
party seeking the disclosure or production or if that
mailing service is waived by a court for good cause.

BY repealing and reenacting, with amendments,

Article - Commercial Law

Section 13-312

Annotated Code of Maryland

(1983 Replacement Volume and 1985 Supplement)

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 1-304

Annotated Code of Maryland

(1980 Volume and 1985 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Commercial Law

13-312.

[If an entity which issues a credit card to a person in this
State is served with a subpoena for information related to the
person's account, the issuer immediately shall advise the person
of the subpoena] ANY SUBPOENA SERVED ON AN ENTITY WHICH ISSUES A
CREDIT CARD TO A PERSON IN THIS STATE FOR INFORMATION RELATING TO
THE PERSON'S ACCOUNT SHALL CONTAIN A CERTIFICATION THAT THE
PERSON HAS BEEN NOTIFIED OF THE SUBPOENA BY THE PARTY SEEKING THE
INFORMATION and OF any requirements made of the issuer by the
subpoena. A notice of such subpoena sent to the last known
address of the credit card holder shall be deemed compliance with