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Session Laws, 1974
Volume 713, Page 1714   View pdf image
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1714                                                LAWS OF MARYLAND                            [Ch. 457

jurisdiction, any criminal violation of said laws, and
the State's Attorney shall take such action relating to
said alleged violations as he may deem appropriate. ON
OR BEFORE MARCH 15 OF EACH YEAR, THE COMMISSIONER SHALL
REPORT TO THE GOVERNOR, THE MEMBERS OF THE GENERAL
ASSEMBLY, AND THE SECRETARY OF LICENSING AND REGULATION,
ON THE COMPOSITE CONDITION OF ANNUAL BUSINESS OPERATIONS
OF ALL LICENSEES UNDER ARTICLE 11, SECTION 163 THROUGH
205, AND ARTICLE 58A OF THE ANNOTATED CODE THROUGH
DECEMBER 31 OF THE PRECEDING YEAR, INCLUDING A BALANCE
SHEET; GROSS INCOME AND A BREAKDOWN OF ITS SOURCES;
EXPENSE ITEMIZATION; INTEREST EARNED AND UNCOLLECTED;
AVERAGE AMOUNT OF OUTSTANDING LOANS MONTHLY AND AT YEAS
END; AND ANALYSIS OF OUTSTANDING LOANS BY SIZES, TYPES OF
SECURITY AND DELINQUENCY. THE COMMISSIONER SHALL
DETERMINE PROPER CATEGORIES FOR ITEMIZATION AND ANY
ADDITIONAL INFORMATION WHICH HE DEEMS APPROPRIATE TO
REFLECT OVERALL OPERATIONS. THE FIRST REPORT HEREUNDER
ON MARCH 15, 1975, SHALL COVER ONLY THE SIX MONTHS
OPERATION COMMENCING JULY 1, 1974.

192B.

(a)    The offices of the Administrator of Loan Laws
and deputy administrator of loan laws AND THE OFFICE OF
THE COMMISSIONER OF SHALL LOANS are hereby abolished.
THE COMMISSIONER OF SHALL LOANS SHALL HEREAFTER BE KNOWN
AS THE COMMISSIONER OF CONSUMER CREDIT. Whenever there
are references to the Administrator of Loan Laws or
deputy administrator of loan laws OR COMMISSIONER OF
SMALL LOANS in this Code or in any other laws,
ordinances, resolutions, regulations, legal actions or
directives, they shall be deemed to mean the Commissioner
of [Small Loans] CONSUMER CREDIT unless, however, such
construction would be unreasonable. From and after July
1, [1970] 1974, all rights, powers, duties, obligations
and functions heretofore conferred upon the
[Administrator of Loan Laws or the deputy administrator
of loan laws] COMMISSIONER OF SMALL LOANS shall be
transferred to and exercised and performed by the
Commissioner of [Small Loans] CONSUMER CREDIT. All
rules, forms, orders, and directives promulgated by or in
effect for the office of the [Administrator of Loan Laws]
COMMISSIONER OF SMALL LOANS shall continue in force
unless said continuance would involve an unreasonable
construction of this statute or unless and until changed
by the Commissioner of [Small Loans] CONSUMER CREDIT.

(b)    All employees of the office of the
[Administrator of Loan Laws] COMMISSIONER OF SHALL LOANS,
except those employees whose positions have been
abolished as of June 30, [1970] 1974, who are members of
the State Merit System on June 30, [1970] 1974, shall be
transferred to the office of the Commissioner of [Small

 

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Session Laws, 1974
Volume 713, Page 1714   View pdf image
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