Md. Code, Fin. Inst. § 2-107

Current with changes from the 2024 Legislative Session

Section 2-107 - Annual report

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.

Md. Code, FI § 2-107