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Maryland Code, Financial Institutions § 2-107

Current as of January 01, 2025 | Updated by Findlaw Staff

On or before December 31 of each year, the Commissioner shall submit to the Governor and, as provided under § 2-1257 of the State Government Article, the General Assembly an annual report that includes, at a minimum, the following information concerning the most recently completed fiscal year ending June 30:

(1) Operations of the office of the Commissioner;

(2) Amendments proposed by the Commissioner regarding the laws the Commissioner administers;

(3) Failures of licensed persons and State-chartered financial institutions;

(4) A summary of the composite ratings of banking institutions and State-chartered credit unions; and

(5) A breakdown by license category of the number of penalties assessed and instances of consumer recovery.

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Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 2-107 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-2-107/

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