Maryland Code, Financial Institutions § 4-603

(a)(1) Unless a savings bank has the prior approval of the Commissioner, the total amount of all of its outstanding debts, other than those incurred for purposes of repaying its depositors, may not exceed 5 percent of its deposits.

(2) When the directors of a savings bank authorize it to borrow money for which approval is required, the savings bank immediately shall send a copy of the board's resolution to the Commissioner.

(1) 1 year; and

(2) Any additional renewal period that the Commissioner approves in writing for payment of an unpaid balance.