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MARYLAND STATUTES AND CODES

Section 6-909 - Disclosure of credit union information.

§ 6-909. Disclosure of credit union information.
 

(a)  In general.- Except as otherwise provided in this article, the Commissioner and the employees of and the attorney for the Commissioner's office 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)  Disclosures not prohibited.- 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; 

(2) In testifying as a witness in a criminal proceeding; or 

(3) In informing any official, officer, employee, or agent of a credit union under examination of the results of that examination. 

(c)  Credit union insurers.-  

(1) The Commissioner may give a credit union share guaranty corporation information about a credit union if: 

(i) The credit union is insured by the credit union share guaranty corporation; or 

(ii) The credit union: 

1. Is applying for insurance from the credit union share guaranty corporation; and 

2. Requests the Commissioner to provide the information. 

(2) The Commissioner may give the National Credit Union Administration Share Insurance Program information about a credit union if: 

(i) The credit union is insured by the National Credit Union Administration Share Insurance Program; or 

(ii) The credit union: 

1. Is applying for insurance from the National Credit Union Administration Share Insurance Program; and 

2. Requests the Commissioner to provide the information. 

(d)  Confidential information is property of Commissioner.- 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 

(2) May not be further disclosed by that person without the written permission of the Commissioner. 

(e)  Penalty.- A person that violates any provision of this section is guilty of a misdemeanor and on conviction is subject to: 

(1) Forfeiture of the person's office or employment; and 

(2) A fine not exceeding $1,000 or imprisonment not exceeding 2 years or both. 
 

[1997, ch. 569; 2001, ch. 147, § 1; ch. 148, § 1.] 
 

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