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Ch. 407 2000 LAWS OF MARYLAND
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Section 1-306
Annotated Code of Maryland
(1998 Replacement Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Financial Institutions
1-306.
(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.
(2) "FINANCIAL EXPLOITATION" MEANS ANY ACTION WHICH INVOLVES
THE MISUSE OF AN ADULT A CUSTOMER'S FUNDS OR PROPERTY.
(3) "REPORT" MEANS AN ORAL OR WRITTEN REPORT CONCERNING
FINANCIAL EXPLOITATION WHICH MAY INCLUDE ALL OR PART OF THE
INFORMATION DESCRIBED IN § 14-302(D) OF THE FAMILY LAW ARTICLE.
(A) (B) NOTWITHSTANDING ANY OTHER PROVISION OF LAW, A FIDUCIARY
INSTITUTION OR AN OFFICER, EMPLOYEE, AGENT, OR DIRECTOR OF A FIDUCIARY
INSTITUTION MAY DISCLOSE FINANCIAL RECORDS AND ANY OTHER INFORMATION
RELATING TO A AN ADULT A CUSTOMER OF THE FIDUCIARY INSTITUTION IF THE
FIDUCIARY INSTITUTION OR ITS OFFICER, EMPLOYEE, AGENT, OR DIRECTOR:
(1) HAS REASON TO BELIEVE BELIEVES THAT THE ADULT CUSTOMER
HAS BEEN SUBJECTED TO FINANCIAL EXPLOITATION; AND
(2) MAKES THE DISCLOSURE IN A REPORT TO THE ADULT PROTECTIVE
SERVICES PROGRAM IN A LOCAL DEPARTMENT OF SOCIAL SERVICES IN A REPORT
FILED UNDER § 14-302(C) OF THE FAMILY LAW ARTICLE.
(C) (1) A REPORT FILED UNDER THIS SECTION BY A FIDUCIARY
INSTITUTION OR AN OFFICER EMPLOYEE, AGENT, OR DIRECTOR OF A FIDUCIARY
INSTITUTION SHALL BE DEEMED TO PROTECT AGAINST OR PREVENT ACTUAL OR
POTENTIAL FRAUD, UNAUTHORIZED TRANSACTIONS, OR OTHER LIABILITY.
(2) A REPORT FILED UNDER THIS SECTION BY A FIDUCIARY
INSTITUTION OR AN OFFICER EMPLOYEE, AGENT, OR DIRECTOR OF A FIDUCIARY
INSTITUTION:
(I) MAY NOT INCLUDE THE ADULT CUSTOMER'S SOCIAL SECURITY
NUMBER ACCOUNT NUMBER, OR ACCOUNT BALANCE; AND
(II) SHALL INCLUDE ONLY INFORMATION THAT IS PERTINENT TO
AND SERVES TO SUBSTANTIATE THE REPORT.
(D) A FIDUCIARY INSTITUTION OR AN OFFICER EMPLOYEE, AGENT, OR
DIRECTOR OF A FIDUCIARY INSTITUTION MAY DECLINE TO PROVIDE TO ANY PERSON
INFORMATION THAT WOULD DISCLOSE OR INDICATE WHETHER A REPORT HAS OR
HAS NOT BEEN FILED UNDER THIS SECTION.
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