HARRY HUGHES, Governor
any way be "in violation of this subtitle".

155

Note, however, that consumer reporting agencies
are regulated under Title 14, Subtitle 12 of the
Commercial Law Article and that, under CL §§
14-1215 and 14-1216, the disclosure of
information by officers and employees of consumer
reporting agencies to unauthorized persons is
subject to penalties far more severe than those
provided for in this subtitle.

The General Assembly might consider whether, in
addition to officers and employees, this section
should apply also to directors and agents of
fiduciary institutions, as well as contractors —
such as bank service corporations — that
maintain records for fiduciary institutions.

TITLE 2. BANK COMMISSIONER AND BOARDS.

SUBTITLE 1. BANK COMMISSIONER.

2-101. OFFICE ESTABLISHED.

THERE IS A STATE BANK COMMISSIONER IN THE DEPARTMENT OF
LICENSING AND REGULATION.

REVISOR'S NOTE: This section is new language derived
without substantive change from the first
sentence of Art. 11, § 1..

It is set forth as a separate section for
emphasis.

2-102. APPOINTMENT; RESPONSIBILITY TO SECRETARY;
QUALIFICATIONS; COMPENSATION.

(A)   APPOINTMENT.

THE BANK COMMISSIONER IS APPOINTED BY THE SECRETARY OF
LICENSING AND REGULATION WITH THE APPROVAL OF THE GOVERNOR
AND THE ADVICE AND CONSENT OF THE SENATE.

(B)       RESPONSIBILITY TO SECRETARY.

THE BANK COMMISSIONER SERVES AT THE PLEASURE OF THE
SECRETARY OF LICENSING AND REGULATION.

(C) QUALIFICATIONS.

THE BANK COMMISSIONER SHALL HAVE AT LEAST 5 YEARS OF
EXPERIENCE IN STATE OR NATIONAL BANKING REGULATION OR
MANAGEMENT, WHICH MAY INCLUDE SERVICE AS A BANK DIRECTOR.

(D) COMPENSATION.