MARVIN MANDEL, Governor                             1713

"Licensee" shall mean a person to whom one or more
licenses have been issued.

"Commissioner" shall mean the [Bank Commissioner of
Maryland or the deputy bank commissioner of Maryland]
COMMISSIONER OF CONSUMES CREDIT.

SECTION 2. AND BE IT FURTHER ENACTED, That. Sections
192, 192A(a) and 192B of Article 41 - Governor-Executive
and Administrative Departments, of the Annotated Code of
Maryland (1971 Replacement Volume and 1973 Supplement) be
and they are hereby repealed and re—enacted, with
amendments, to read as follows:

Article 41 — Governor—Executive and
Administrative Departments

192.

There shall be a Commissioner of [Small Loans]
CONSUMER CREDIT whose office shall be a part of the
Department of Licensing and Regulation and who shall be
appointed by the Secretary of Licensing and Regulation,
with the approval of the Governor, and who shall receive
such salary as shall be provided in the budget. The
Commissioner shall not engage in the business of making
loans, and he shall not be a stockholder, officer or
director of any corporation or member of any partnership
engaged in the business of making loans. The
Commissioner shall devote his full time to the duties of
his position. The Commissioner shall serve at the
pleasure of the Secretary of Licensing and Regulation.
He shall upon entering the duties of his office be
covered by a surety bond in accordance with the
provisions of §§ 46 through 50 of Article 78A of the
Annotated Code of Maryland.

192A.

(a) The Commissioner of [Small Loans] CONSUMER
CREDIT shall administer and supervise the provisions of
ARTICLE 11, SECTION 163 THROUGH 205, RELATING TO
INDUSTRIAL FINANCE COMPANIES. AND Article 58A of the
Annotated Code of Maryland relating to [small] CONSUMER
loans. The exercise or performance of all powers,
authority, duties and functions vested in the
Commissioner by the provisions of this subtitle, shall be
subject to the power and authority of the Secretary of
Licensing and Regulation set forth in Article 41 of this
Code, or elsewhere in the laws of this State. In
addition to administering and supervising the [small]
CONSUMER loan laws, the Commissioner shall report to the
State's Attorney of the county or Baltimore City having