2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 6-909 - Disclosure of credit union information

§6-909.

(a) 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) 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) (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) 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) 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.