§ 2-107

Maryland § 2-107

• Jurisdiction: Maryland
• Article gfi: Financial Institutions
• Title: 2

Text

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.