MARVIN MANDEL, Governor                           2761

EMPLOYEES OF THE STATE EMPLOYED ON A PERMANENT BASIS WHO
DO NOT HOLD ONE OF THE POSITIONS SPECIFICALLY EXCLUDED
FROM THE CLASSIFIED SERVICE UNDER SECTIONS 3 AND 4 OF
THIS ARTICLE OR ELSEWHERE IN THIS CODE, SHALL BE INCLUDED
IN THE CLASSIFIED SERVICE OF THE STATE AND SUBJECT TO ALL
THE PROVISIONS OF THIS ARTICLE.

(B) (1) THE PERSONS WHO HAVE BEEN PERMANENT
EMPLOYEES EMPLOYED ON A PART-TIME BASIS FOR AT LEAST SIX
CONSECUTIVE MONTHS PRIOR TO JANUARY 1, 1976, SHALL BE
CONSIDERED A PART OF AND SHALL HOLD THEIR POSITIONS IN
THE CLASSIFIED SERVICE IN ACCORDANCE WITH THIS ARTICLE.

(2) THESE PERSONS SHALL BE CONTINUED IN THE
POSITION THEY HOLD ON JANUARY 1, 1976, WITHOUT
EXAMINATION.]]

50.

THE NUMBER OF EMPLOYEES IN THE CLASSIFIED SERVICE
EMPLOYED ON A PART-TIME BASIS SHALL NOT AT ANY TIME
EXCEED FIVE PERCENT OF THE TOTAL NUMBER OF EMPLOYEES IN
THE CLASSIFIED SERVICE.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1975.

Approved May 15, 1975.

CHAPTER 574

(Senate Bill 303)

AN ACT concerning

Mortgage — Secondary Mortgage Loans

FOR the purpose of revising the definitions of a
secondary mortgage loan and of a lender; revising
certain exceptions to those persons required to
obtain a license before making a secondary mortgage
loan; revising the exceptions to the requirement
that a loan be amortized in equal monthly
installments without a balloon payment at maturity.

BY repealing and re—enacting, with amendments,

Article 66 — Mortgages
Section 10(a), 40(b-1) and 41
Annotated Code of Maryland