Ch. 203

2003 LAWS OF MARYLAND

(I) A DEPOSITORY INSTITUTION, AS DEFINED IN THE FEDERAL
DEPOSIT INSURANCE ACT UNDER 12 U.S.C. § 1813(C);

(II) A FEDERAL CREDIT UNION OR STATE CREDIT UNION, AS
DEFINED IN THE FEDERAL CREDIT UNION ACT UNDER 12 U.S.C. § 1752;

(III)   A STATE CREDIT UNION REGULATED UNDER TITLE 6 OF THE
FINANCIAL INSTITUTIONS ARTICLE; OR

(IV)    A BENEFIT ASSOCIATION, INSURANCE COMPANY, SAFE
DEPOSIT COMPANY, MONEY MARKET MUTUAL FUND, OR SIMILAR ENTITY DOING
BUSINESS IN THE STATE THAT HOLDS PROPERTY OR- MAINTAINS ACCOUNTS
REFLECTING PROPERTY BELONGING TO OTHERS.

(5) "OBLIGOR" MEANS A PERSON WHOSE PROPERTY IS SUBJECT TO A
TAX LIEN.

(B) THE COMPTROLLER MAY REQUEST FROM A FINANCIAL INSTITUTION
INFORMATION AND ASSISTANCE TO ENABLE THE COMPTROLLER TO ENFORCE THE
TAX LAWS OF THE STATE.

(C) (1) THE COMPTROLLER MAY REQUEST NOT MORE THAN FOUR TIMES A
YEAR FROM A FINANCIAL INSTITUTION THE INFORMATION SET FORTH IN
SUBSECTION (D)(2) OF THIS SECTION CONCERNING ANY OBLIGOR WHO IS
DELINQUENT IN THE PAYMENT OF TAXES.

(2) A REQUEST FOR INFORMATION BY THE COMPTROLLER UNDER
PARAGRAPH (1) OF THIS SUBSECTION SHALL:

(I) CONTAIN:

1. THE FULL NAME OF THE OBLIGOR AND ANY OTHER
NAMES KNOWN TO BE USED BY THE OBLIGOR; AND

2. THE SOCIAL SECURITY NUMBER OR OTHER TAXPAYER
IDENTIFICATION NUMBER OF THE OBLIGOR; AND

(II) BE TRANSMITTED TO THE FINANCIAL INSTITUTION IN AN
ELECTRONIC FORMAT UNLESS THE FINANCIAL INSTITUTION SPECIFICALLY ASKS
THE COMPTROLLER TO SUBMIT THE REQUEST IN WRITING.

(D) (1) WITHIN 30 DAYS AFTER A FINANCIAL INSTITUTION RECEIVES A
REQUEST FOR INFORMATION UNDER SUBSECTION (C) OF THIS SECTION, THE
FINANCIAL INSTITUTION SHALL, WITH RESPECT TO EACH OBLIGOR WHOSE NAME
THE COMPTROLLER SUBMITTED TO THE FINANCIAL INSTITUTION SUBMIT A
REPORT TO THE COMPTROLLER

(2) THE REPORT DESCRIBED IN PARAGRAPH (1) OF THIS SUBSECTION
SHALL CONTAIN TO THE EXTENT REFLECTED IN THE RECORDS OF THE FINANCIAL
INSTITUTION:

(I) THE FULL NAME OF THE OBLIGOR;

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