686

LAWS OF MARYLAND

[Ch. 49

SECTION 5. AND BE IT FURTHER ENACTED, That Section
192A of Article 41 of the Annotated Code of Maryland
(1971 Replacement Volume, 1974 Supplement) title
"Governor — Executive and Administrative Departments,"
subtitle "Finance Department" be and it is hereby
repealed and re—enacted, with amendments, to read as
follows:

§ 192A. Powers and duties of Commissioner of Consumer
Credit; assistants and employees.

(a) The Commissioner of Consumer Credit shall
administer and supervise the provisions of [ Article 11,
§ 163 through 205, relating to industrial finance
companies, and Article 58A of the Annotated Code of
Maryland relating to small loans] THE MARYLAND CONSUMER
LOAN LAW AND THE MARYLAND SHALL LOAN LAW. 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 as
set forth in Article 41 of this Code, or elsewhere in the
laws of this State. In addition to administering and
supervising the consumer loan AND SHALL LOAN laws, the
Commissioner shall report to the State's Attorney of the
county or Baltimore City having 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] THE MARYLAND CONSUMER LOAN LAW
AND THE MARYLAND SHALL LOAN LAW 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 year 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, 197 5, shall cover
only the six months operation commencing July 1, 1974.

REVISOR'S NOTE: The references in this subsection to
Articles 11 and 58A are modified to conform
this section to the changes made by the new
Commercial Law Article. The credit and similar
consumer—oriented provisions of the cited laws
are placed in Subtitles 2 and 3 of Title 12 of