Me. Rev. Stat. » Title 9-B
Maine Revised Statutes

Me. Rev. Stat. tit. 9-B, § 162 (2026)

Disclosure of financial records prohibited; exceptions

✓ current as of May 2026
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A financial institution authorized to do business in this State or credit union authorized to do business in this State or its affiliates may not disclose to any person, except to the customer or the customer's duly authorized agent, any financial records relating to that customer of that financial institution or credit union unless:   [PL 2001, c. 262, Pt. B, §4 (AMD).]
1.  Authorized disclosure.  The customer has authorized disclosure to the person;  
[PL 1997, c. 537, §1 (AMD); PL 1997, c. 537, §62 (AFF).]
2.  Disclosure in response to legal process.  The financial records are disclosed in response to a lawful subpoena, summons, warrant or court order that meets the requirements of section 163;  
[PL 2001, c. 211, §1 (AMD).]
3.  Disclosure in response to a request by the Department of Health and Human Services.  The financial records are disclosed in response to a request for information by the Department of Health and Human Services for purposes related to establishing, modifying or enforcing a child support order;  
[PL 2007, c. 108, §1 (AMD).]
4.  Disclosure in response to a request by the Department of Labor.  The financial records are disclosed in response to a notice of levy issued by the Department of Labor pursuant to Title 26, section 1233;  
[PL 2009, c. 213, Pt. AAAA, §2 (AMD).]
5.  Disclosure to the Department of Health and Human Services upon suspicion of financial exploitation.  The financial records are disclosed to the Department of Health and Human Services pursuant to Title 22, section 3479 because a financial institution authorized to do business in this State or its affiliate or a credit union authorized to do business in this State or its affiliate has reasonable cause to suspect that an incapacitated or dependent adult has been or is at substantial risk of abuse, neglect or exploitation;  
[PL 2025, c. 215, §1 (AMD).]
5-A.  Disclosure upon suspicion of financial exploitation.  The financial records are disclosed to the Office of the Attorney General or a law enforcement agency pursuant to section 245 because a financial institution authorized to do business in this State or its affiliate or a credit union authorized to do business in this State or its affiliate has reasonable cause to believe that a disbursement requested by an individual 62 years of age or older may result in financial exploitation of that person;  
[PL 2025, c. 215, §2 (NEW).]
6.  Disclosure in response to a request by the Department of Administrative and Financial Services, Bureau of Revenue Services.  The financial records are disclosed in response to a request for information by the Department of Administrative and Financial Services, Bureau of Revenue Services for purposes related to establishing, modifying or enforcing tax debts; or  
[PL 2025, c. 215, §3 (AMD).]
7.  Disclosure of notice of mortgagor’s right to cure.  The financial records pertain to a notice of mortgagor’s right to cure and are disclosed to the Bureau of Consumer Credit Protection pursuant to Title 14, section 6111, subsection 3‑A.  
[PL 2009, c. 402, §8 (NEW).]
SECTION HISTORY
PL 1977, c. 416 (NEW). PL 1997, c. 537, §1 (AMD). PL 1997, c. 537, §62 (AFF). PL 2001, c. 211, §§1,2 (AMD). PL 2001, c. 262, §B4 (AMD). PL 2003, c. 689, §B6 (REV). PL 2007, c. 108, §§1-3 (AMD). PL 2009, c. 213, Pt. AAAA, §§2-4 (AMD). PL 2009, c. 402, §8 (AMD). PL 2025, c. 215, §§1-3 (AMD).
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Notes of Decisions
Cited in 6 cases (2 in the last 5 years), 1991–2021 · leading case: Cooperman v. One Bancorp, 134 F.R.D. 4 (D. Me. 1991).
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Cooperman v. One Bancorp, 134 F.R.D. 4 (D. Me. 1991). “9-B M.R.S.A. § 162. Section 163 provides in pertinent part: A fiduciary institution shall disclose financial records under section 162 pursuant to a subpoena, summons, warrant or court order which on its face appears to have been issued upon lawful authority only if the…”
U.S. Bank Nat'l Ass'n v. James, 264 F.R.D. 17 (D. Me. 2010). “Section 162 merely prohibits a bank from disclosing its customer’s financial records unless, inter alia, in response to a lawful subpoena, 9-B M.R.S.A. § 162(2), which by the terms of the defendant’s own motion is the means at issue here.”
State v. Murray, 604 A.2d 903 (Me. 1992). “The record clearly shows that the banking records admitted into evidence in this case were properly disclosed to the authorities in response to legal process pursuant to 9-B M.R.S.A. §§ 162 and 163 (1980 & Supp.”
Bathe v. Keybank N.A. (Me. Super. Ct 2021). · cites it 4× “In its Order denying Plaintiffs Motion to Amend, the Court has already determined that Section 162 does not create a private right of action.”
Davies v. Bangor Fed. Credit Union (Me. Super. Ct 2021). · cites it 3× “In Maine, 9-B M.R.S. § 162 provides greater consumer protections than the GLBA, and thus governs the analysis.”
Bank of Maine v. Boothbay Country Club (Me. Super. Ct 2013). · cites it 2× “In addition, the Club and Reeves seek monetary damages for the Bank's alleged breach of confidentiality under 9-B M.R.S. § 162, and for the Bank's alleged conspiracy with Third-party Defendants Paul Coulombe and PGC1 in violation of 10 M.”
— Me. Rev. Stat. tit. 9-B, § 162(2) — 1 case
U.S. Bank Nat'l Ass'n v. James, 264 F.R.D. 17 (D. Me. 2010). “Section 162 merely prohibits a bank from disclosing its customer’s financial records unless, inter alia, in response to a lawful subpoena, 9-B M.R.S.A. § 162(2), which by the terms of the defendant’s own motion is the means at issue here.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.