MARYLAND MANUAL 37

ADMINISTRATOR OF LOAN LAWS

Truman B. Cash, Administrator, 1951
John W. Dallam, Deputy Administrator
Henry W. Forster, Chief Supervisor
300 Mathieson Building, Baltimore 2 Telephone: Plaza 7433

The office of Administrator of Loan Laws was established as an
independent agency in 1941, superseding the office established under
the jurisdiction of the Bank Commissioner. The Administrator is
appointed by the Governor for a period of four years (Code 1947
Supp. Art. 41, sec. 133A).

This office administers and enforces the "Uniform Small Loan
Law". All persons, corporations, and copartnerships making loans
of three hundred dollars or less at a rate of interest of more than
six percent per year must first secure a license from the Adminis-
trator of Loan Laws. Periodic examinations of the books and accounts
of each licensee are made under the Administrator's direction. Each
licensee must also submit to the Administrator an annual report of
his business transactions. The Administrator has the power to revoke,
refuse, or suspend the license of any person or corporation. This
agency also investigates complaints of violations by non-licensees and
may take legal action to prosecute violators of the Act (Code 1939
and 1947 Supp. Art. 58A, sees. 1-22).

Installment Sales Division

The Installment Sales Division was created in 1941. It administers
the Installment Sales Law and exercises general supervision over
installment sales finance companies. All companies engaged in install-
ment sales financing must secure a license from this office. All com-
panies licensed in the State must make an annual report to the divi-
sion. This office also conducts periodic examinations of the books and
accounts of all licensees. Investigations of complaints of violations
of the law are made, and legal action instituted to prosecute offenders
(Code 1947 Supp. Art. 83, sees. 116-152).

Expenditures, 1949 .......--.......---....-$36,670.91

Appropriation, 1950 .............. 40,647.00

Staff: 9.

..o..

PUBLIC SERVICE COMMISSION

Chairman: John H. Hessey, 1955
Ollin Higgins, 1951; Frank Harper, 1953.
Albert L. Deen, Executive Secretary
Charles D. Harris, General Counsel, 1955
Phillip H. Dorsey, Jr., People's Counsel
Hugh H. Hunter, Chief Engineer
E. Edward McLean, Chief Auditor
1701 Munsey Building, Baltimore 2 Telephone: Lexington 7510

The Public Service Commission was established in 1910. The Com-
mission, composed of three members, is appointed by the Governor.
The term of each member is six years, one term expiring every two