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LAWS OF MARYLAND

Ch. 33

(1)   OBTAINED IN AN EXAMINATION OF A SAVINGS AND
LOAN ASSOCIATION; OR

(2)   REPORTED TO THE DIVISION DIRECTOR BY A
FEDERAL OR STATE REGULATORY OR INSURING AGENCY.

(B)   EXCEPTION IF DUTY REQUIRES DISCLOSURE.

THIS SECTION DOES NOT APPLY TO INFORMATION DISCLOSED IN
PERFORMING A PUBLIC DUTY TO REPORT AND TAKE OFFICIAL ACTION
ABOUT THE BUSINESS OF A SAVINGS AND LOAN ASSOCIATION.

(C)   PUBLICATION IN PUBLIC INTEREST.

IF THE DIVISION DIRECTOR CONSIDERS IT TO BE IN THE
PUBLIC INTEREST, WITH THE APPROVAL OF THE BOARD OF
COMMISSIONERS, THE RESULTS OF AN EXAMINATION OF A SAVINGS
AND LOAN ASSOCIATION MAY BE PUBLISHED IN A NEWSPAPER OF
GENERAL CIRCULATION IN ANY POLITICAL SUBDIVISION WHERE THE
ASSOCIATION IS LOCATED OR DOING BUSINESS.

(D)       COOPERATIVE AGENCIES.

THIS SECTION DOES NOT APPLY TO INFORMATION EXCHANGED
BETWEEN THE DIRECTOR AND THE MARYLAND SAVINGS-SHARE
INSURANCE CORPORATION OR ANY OTHER AGENCY THAT REGULATES THE
BUSINESS OF SAVINGS AND LOAN ASSOCIATIONS.

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

Subsection (a)(2) of this section is new language
added to reflect current practice and as being
necessary to protect the insurability of
associations by federal agencies.

In subsection (d) of this section, the phrase
"any other agency that regulates the business of
savings and loan associations" is substituted for
"representatives of the Federal Hope Loan Bank
Board" to include insuring agencies as provided
in Subtitle 9 of this title. The present
reference to "representatives of associations of
this or other states" is deleted as contradictory
to the practice of the Board and to rights as
between savings and loan associations.

"Board of Commissioners", "Division Director",
and "savings and loan association" are defined in
§ 9-101 of this title.

9-503. TERMINATION OF PROVISIONS OF CERTAIN SECTIONS IN
SUBTITLE.

SECTIONS 9-501 AND 9-502(A), (B), AND (C) OF THIS