Ch. 326                                    1996 LAWS OF MARYLAND

(c)     (1) The Commissioner may not:

(i) Engage in the business of making loans; or

(ii) Be a stockholder, officer, director, or member of any corporation
or partnership that is engaged in the business of making loans.

(2) The Commissioner shall devote full time to the duties of the office.

(d)     The Commissioner is entitled to the salary provided in the State budget.]
[ 11-104.

(a)     (1) The Commissioner may employ the staff, including investigative,
secretarial, and clerical employees, that is necessary for the efficient administration of the
office.

(2) The staff is entitled to the compensation provided in the State budget.

(b)     Each employee of the Commissioner shall devote full time to that employee's
duties.]

[11-105.

(a)     The Commissioner exercises the powers and performs the duties of the office
subject to the statutory authority of the Secretary.

(b)     Directors and officers of institutions licensed under Titles 11 and 12 of this
article shall develop and implement, by December 31, 1989, written:

(1)     Real estate appraisal policies; and

(2)     Procedures pertaining to the hiring and performance of real estate
appraisers.

(c)     The procedures required under subsection (b)(2) of this section shall set forth
specific factors to be considered by the institution's directors and officers, including but
not limited to:

(1)     Whether the appraiser is licensed or certified under the Business
Occupations and Professions Article; and

(2)     The real estate appraiser's:

(i) Professional education; and

(ii) Experience in real estate appraising.

(d)     Real estate appraisal policies and procedures shall be submitted by
institutions licensed under Titles 11 and 12 of this article to the Commissioner of
Consumer Credit for review and approval.]

[11-106.

Subject to the evaluation and reestablishment provisions of the Program Evaluation
Act, the provisions of this subtitle that create the Office of the Commissioner of

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