896 LAWS OF MARYLAND. [CH. 500

SECTION 1. Be it enacted ly the General Assembly of Mary-
land, That Section 133A of Article 41 of the Annotated Code
of Maryland (1943 Supplement), title "Governor—Executive
and Administrative Departments", sub-title "The Finance
Department", be and it is hereby repealed and re-enacted,
with amendments, to read as follows:

133A. There shall be an Administrator of Loan Laws who
shall be appointed by the Governor and who shall be assigned
to the Division of Financial Review and Control. He shall
not be a stockholder, officer or director of any corporation,
or member of any partnership, engaged in, or be himself
engaged in, the making of loans, and he shall devote his entire
time to the duties of his position. He shall occupy the posi-
tion to which he shall be appointed for a term of four years
from the first Monday in May succeeding his appointment
and until his successor is appointed and has qualified. He
shall give bond in the sum of Twenty Thousand Dollars
($20,000.00) to be approved by the Governor, for the faithful
performance of his duties. He shall receive in full compen-
sation for his services such salary as shall be provided in
the State Budget. He may be removed by the Governor for
incompetency or misconduct.

The Administrator of Loan Laws shall administer and su-
pervise the provisions of Article 58A of the Code relating
to small loans. It shall be the duty of said Administrator
to report in detail to the State's Attorney of the county, or
Baltimore City, having jurisdiction in the premises any viola-
tion of laws the purposes of which, expressed, or implied, is
the protection of borrowers or the punishment of usurious
money lenders.

The Administrator of Loan Laws shall have the power to

employ a Deputy Administrator, a Chief Supervisor, two
Assistants and a Secretary-stenographer at such compensa-
tion as shall be provided in the State Budget, and such
additional investigators, clerks and stenographers as he
may deem necessary to perform the duties, and exercise
the powers conferred upon him and as may be provided
for in the Budget, all payable in semi-monthly installments.
The said salaries of employees and any expenses shall be
payable out of the receipts which may be received under
the provisions of Article 58A of the Annotated Code of
Maryland. All persons employed by the Administrator of
Loan Laws shall devote their entire time to the duties of
their respective positions, providing the present employees
shall continue to serve in their present positions and shall
be entitled to all the rights and privileges under Article 64A
of the Annotated Code, title "Merit System".