558

LAWS OF MARYLAND

Ch. 33

(I)   SHALL KEEP CONFIDENTIAL THE ANNUAL
REPORT OF EACH LICENSEE;

(II)   SHALL INCLUDE ANY ANALYSIS OR
RECAPITULATION OF THE ANNUAL REPORTS IN THE COMMISSIONERS
ANNUAL REPORT MADE UNDER SUBSECTION (B) OF THIS SECTION; AND

(III)   MAY MAKE THIS ANALYSIS OR
RECAPITULATION AVAILABLE FOR PUBLIC EXAMINATION.

(B) REPORTS BY COMMISSIONER.

ON OR BEFORE MARCH 15 OF EACH YEAR, THE COMMISSIONER
SHALL REPORT TO THE GOVERNOR, THE GENERAL ASSEMBLY, AND THE
SECRETARY OF LICENSING AND REGULATION ON THE COMPOSITE
CONDITION OF ANNUAL BUSINESS OPERATIONS OF ALL LICENSEES
THROUGH DECEMBER 31 OF THE PREVIOUS YEAR, INCLUDING:

(1)   A BALANCE SHEET;

(2)   GROSS INCOME AND A BREAKDOWN OF ITS SOURCES;

(3)   EXPENSES ITEMIZED IN CATEGORIES DETERMINED
BY THE COMMISSIONER;

(4)   INTEREST EARNED AND UNCOLLECTED;

(5)   THE AVERAGE AMOUNT OF OUTSTANDING LOANS
MONTHLY AND AT YEAR END;

(6)   AN ANALYSIS OF OUTSTANDING LOANS BY SIZES,
TYPES OF SECURITY, AND DELINQUENCY, ITEMIZED IN CATEGORIES
DETERMINED BY THE COMMISSIONER; AND

(7)   ANY ADDITIONAL INFORMATION THAT THE
COMMISSIONER CONSIDERS APPROPRIATE TO REFLECT OVERALL
OPERATIONS.

REVISOR'S NOTE: This section presently appears as the
fourth and fifth sentences of Art. 41, § 192A(a)
and as Art. 58A, § 12.

In the introductory clause of subsection (a) (1)
of this section, a direct requirement that each
licensee file an annual report is substituted for
the statement that "the Commissioner shall
require" each licensee to file an annual report
for simplicity.

In subsection (a) (1) (iii) of this section, the
term "verified" is substituted for "under oath".
See § 1-202 of this article.

In subsection (a) (2) (iii) of this section, the
reference to "public" examination is new language
added for clarity.