Appropriations 1961 1962

General Funds $350,530 $392,554
Staff: 58.

ADMINISTRATOR OF LOAN LAWS

Carl F. Vohden, Administrator, 1963
John W. Dallam, Deputy Administrator
Henry W. Forster, Chief Supervisor

301 W. Preston Street, Baltimore I Telephone: 837-9000

The office of Administrator of Loan Laws was established as an
independent agency by Chapter 289, Acts of 1941, superseding a
similar office established under the jurisdiction of the Bank Commis-
sioner (Chapter 741, Acts of 1939). The Administrator is appointed
by the Governor for a four-year term (Code 1957, Art. 41, sec. 192).

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 Administrator of Loan
Laws. The Administrator directs periodic examinations of the books and
accounts of each licensee, who must also submit to the Administrator
an annual report of his business transactions. The Administrator has
the power to revoke, refuse, or suspend licenses of any person or cor-
poration. This agency also investigates complaints of violations by non-
licensees and may take legal action to prosecute violators of the Act
(Code 1957, Art. 58A, sees. 1-23).

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 and make an
annual report to it. The Division also conducts periodic examinations
of the books and accounts of all licensees, investigates complaints of
violations of the law, and institutes legal action to prosecute offenders
(Code 1957, Art. 83, sees. 128-65).

Appropriations 1961 1962

General Funds $66,061 $70,040
Staff: II.

PUBLIC SERVICE COMMISSION

Chairman: Albert L. Sklar, 1965

Charles E. Edmondson, 1963; Edward D. Storm, 1967

Rudolf A. Carrico, General Counsel, 1967
Francis X. Gallagher, People's Counsel
Albert L. Deen, Executive Secretary
Wilson B. Stringer, Assistant Secretary
Hugh H. Hunter, Chief Engineer
John J. Dyer, Jr., Chief Auditor
Joseph S. A. Giardina, Director, Transportation

301 W. Preston Street, Baltimore I Telephone: 837-9000