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§ 8-102. Policy of the State

West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2011

West's Annotated Code of Maryland
Financial Institutions
Title 8. Savings and Loan Associations--Board of Commissioners and Division
Subtitle 1. Definitions; Policy (Refs & Annos)
Effective: October 1, 2011
MD Code, Financial Institutions, § 8-102
§ 8-102. Policy of the State
Currentness
In general
(a) In Title 9 of this article and this title the policy of this State is to provide for:
(1) The protection of the interests of customers in savings and loan associations and the general public in the soundness and preservation of the industry;
(2) The safety and soundness of the business of savings and loan associations;
(3) The conservation of assets of savings and loan associations; and
(4) Adequate rulemaking power and administrative discretion so that regulation and supervision of savings and loan associations may be flexible and readily responsive to changes in economic conditions and to changes in savings and loan priorities.
Standards observed by Division Director
(b) Title 9 of this article and this title embody standards to be observed by the Division Director in the exercise of the Director's discretionary powers, in the adoption of regulations, in the examination and supervision of associations subject to Title 9, and in all matters of construction and application of Title 9 of this article and this title required for any determination or action of the Division Director.

Credits

Added by Acts 1986, c. 282, § 1, eff. June 1, 1986.
MD Code, Financial Institutions, § 8-102, MD FIN INST § 8-102
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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