Home Table of Contents

§ 9-1007. Powers and duties of Division Director

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 9. Savings and Loan Associations
Subtitle 10. Regional Reciprocal Interstate Savings and Loan Acquisitions (Refs & Annos)
MD Code, Financial Institutions, § 9-1007
§ 9-1007. Powers and duties of Division Director
Currentness
Cooperative agreements with savings and loan regulatory units
(a) The Division Director may enter into cooperative agreements with any other savings and loan regulatory unit to facilitate the regulation of savings and loan associations and savings and loan holding companies doing business in this State.
Reports of examination and records from other units
(b) The Division Director may accept reports of examinations and other records from any other unit instead of conducting its own examinations of interstate associations and associations controlled by savings and loan holding companies located in other jurisdictions.
Actions taken jointly with other regulatory units or taken independently
(c) The Division Director may take any action jointly with any other regulatory unit having concurrent jurisdiction over savings and loan associations and savings and loan holding companies in this State or may take action independently to carry out the responsibilities of the Division Director.
Regulations
(d) The Division Director may adopt regulations necessary to carry out the provisions of this subtitle.

Credits

Added by Acts 1987, c. 544, § 1, eff. July 1, 1987.
MD Code, Financial Institutions, § 9-1007, MD FIN INST § 9-1007
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.
End of Document