HARRY HUGHES, Governor

445

(2) NOTICE SHALL BE PUBLISHED:

(I)   FOR AT LEAST 2 WEEKS IN A NEWSPAPER OF
GENERAL CIRCULATION IN THE POLITICAL SUBDIVISION WHERE THE
PROPOSED OFFICE IS TO BE LOCATED;

(II)   IN THE MARYLAND REGISTER AS PROVIDED
IN THE STATE DOCUMENTS LAW; AND

(III)   AS THE DIVISION DIRECTOR CONSIDERS
OTHERWISE DESIRABLE.

(D)   APPROVAL BY DIVISION DIRECTOR.

THE DIVISION DIRECTOR SHALL APPROVE AN APPLICATION
UNDER THIS SECTION IF THE DIRECTOR FINDS THAT:

(1)   THE PUBLIC INTEREST, CONVENIENCE, AND
ADVANTAGE WILL BE PROMOTED; AND

(2)   THE OFFICE WILL BE OPERATED EFFICIENTLY AND
IN ACCORDANCE WITH THIS TITLE.

(E)   PROTEST.

(1)   ANY FINANCIAL INSTITUTION LOCATED IN THE
AREA WHERE A PROPOSED BRANCH OFFICE OF A SAVINGS AND LOAN
ASSOCIATION IS TO BE LOCATED OR A PRINCIPAL OFFICE IS
PROPOSED TO BE RELOCATED MAY PROTEST THE REQUESTED APPROVAL
OF THE DIVISION DIRECTOR.

(2)   THE DIVISION DIRECTOR SHALL GIVE ANY
FINANCIAL INSTITUTION THAT PROTESTS UNDER PARAGRAPH (1) OF
THIS SUBSECTION AN OPPORTUNITY TO BE HEARD.

(F)   APPEAL.

ANY APPLICANT OR PROTESTING SAVINGS AND LOAN
ASSOCIATION MAY APPEAL ANY ACTION OR NONACTION OF THE
DIVISION DIRECTOR UNDER THIS SECTION IN ACCORDANCE WITH
TITLE 8, SUBTITLE 4 OF THIS ARTICLE.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 23, § 161V.

In subsection (a) of this section, the defined
term "savings and loan association" is

substituted for "State—chartered" association.

Also in subsection (a) of this section, the
present term "maintain" is deleted as

unnecessary.

In subsection (b) (2) (iii) of this section, the
phrase "services to be provided" is substituted
for "functions to be performed therein".