Ch. 569

1997 LAWS OF MARYLAND

Article - Financial Institutions

6-309.

(A)     EXCEPT AS OTHERWISE PROVIDED IN THIS ARTICLE, THE
COMMISSIONER; AND THE EMPLOYEES OF AND THE ATTORNEY FOR THE
COMMISSIONER'S OFFICE, AND THE MEMBERS OF THE BANKING BOARD MAY NOT
DISCLOSE:

(1)      THE NAME OF ANY DEBTOR OF A CREDIT UNION;

(2)      ANY INFORMATION ABOUT THE PRIVATE ACCOUNTS WITH OR
TRANSACTIONS OF A CREDIT UNION;

(3)      ANY INFORMATION OBTAINED IN THE COURSE OF EXAMINING A
CREDIT UNION; OR

(4)      ANY CONFIDENTIAL INFORMATION OBTAINED FROM A CREDIT
UNION AUTHORITY.

(B)     THIS SECTION DOES NOT APPLY TO ANY INFORMATION THAT A PERSON
DISCLOSES:

(1)      IN PERFORMING A PUBLIC DUTY TO REPORT ON OR TAKE SPECIAL
ACTION ABOUT THE BUSINESS OF A CREDIT UNION; OR

(2)      IN TESTIFYING AS A WITNESS IN A CRIMINAL PROCEEDING; OR

(3)      IN INFORMING ANY DIRECTOR OR AUTHORIZED OFFICER,
EMPLOYEE, OR AGENT OF A CREDIT UNION UNDER EXAMINATION OF THE RESULTS
OF THAT EXAMINATION.

(C)     THE COMMISSIONER MAY GIVE THE CREDIT UNION INSURANCE
CORPORATION OR THE NATIONAL CREDIT UNION ADMINISTRATION SHARE
INSURANCE PROGRAM INFORMATION ABOUT A CREDIT UNION IF:

(1)      THE CREDIT UNION IS INSURED BY THE CREDIT UNION INSURANCE
CORPORATION OR THE NATIONAL CREDIT UNION ADMINISTRATION SHARE
INSURANCE PROGRAM; OR

(2)      THE CREDIT UNION:

(I)       IS APPLYING FOR INSURANCE FROM THE CREDIT UNION
INSURANCE CORPORATION OR THE NATIONAL CREDIT UNION ADMINISTRATION
SHARE INSURANCE PROGRAM; AND

(II)     REQUESTS THE COMMISSIONER TO PROVIDE THE
INFORMATION.

(D)     EXCEPT AS OTHERWISE PROVIDED BY LAW, ALL CONFIDENTIAL
INFORMATION DISCLOSED TO ANY PERSON AS PERMITTED UNDER THIS SECTION:

(1) REMAINS THE PROPERTY OF THE COMMISSIONER; AND

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