§ 8-102

Maryland § 8-102

• Jurisdiction: Maryland
• Article gfi: Financial Institutions
• Title: 8

Text

(a) In Title 9 of this article and this title the policy of this State is to provide for:

(1) The protection of the interests of customers in savings and loan associations and the general public in the soundness and preservation of the industry;

(2) The safety and soundness of the business of savings and loan associations;

(3) The conservation of assets of savings and loan associations; and

(4) Adequate rulemaking power and administrative discretion so that regulation and supervision of savings and loan associations may be flexible and readily responsive to changes in economic conditions and to changes in savings and loan priorities.

(b) Title 9 of this article and this title embody standards to be observed by the Division Director in the exercise of the Director’s discretionary powers, in the adoption of regulations, in the examination and supervision of associations subject to Title 9, and in all matters of construction and application of Title 9 of this article and this title required for any determination or action of the Division Director.