HARRY HUGHES, Governor

559

The only other changes are in style.

11-213. LICENSEE TO KEEP BOOKS AND RECORDS.

EACH LICENSEE SHALL KEEP:

(1) THE BOOKS AND RECORDS THAT THE COMMISSIONER
CONSIDERS NECESSARY TO DETERMINE COMPLIANCE WITH THE
MARYLAND CONSUMER LOAN LAW; AND

(2) FOR AT LEAST 2 YEARS AFTER THE LICENSEE
MAKES THE FINAL ENTRY ON ANY LOAN IN THE LICENSEE'S
BUSINESS, THE RECORDS OF THAT ENTRY, INCLUDING CARDS USED IN
A CARD SYSTEM.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 58A, § 13.

11-214. INVESTIGATORY POWERS OF COMMISSIONER.

(A)       COMMISSIONER MAY INVESTIGATE.

TO DISCOVER ANY VIOLATIONS OF THE MARYLAND CONSUMER
LOAN LAV, THE COMMISSIONER, AT ANY TIME AND AS OFTEN AS THE
COMMISSIONER CONSIDERS APPROPRIATE, MAY INVESTIGATE THE
LOANS MADE BY AND THE BUSINESS OF:

(1)   ANY LICENSEE; OR

(2)   ANY OTHER PERSON WHO MAKES A LOAN OR ON
WHOSE BEHALF A LOAN IS MADE, WHETHER OR NOT THAT PERSON:

(I)   ACTS OR CLAIMS TO ACT AS A PRINCIPAL,

AGENT, OR BROKER; OR

(II)   ACTS OR CLAIMS TO ACT UNDER THE
MARYLAND CONSUMER LOAN LAW.

(B)   ACCESS; EXAMINATION UNDER OATH.

FOR THE PURPOSES OF THIS SECTION, THE COMMISSIONER:

(1)   SHALL BE GIVEN ACCESS TO ANY BOOKS, PAPERS,
RECORDS, SAFES, OR VAULTS OF THE PERSON UNDER INVESTIGATION;
AND

(2)   MAY EXAMINE UNDER OATH ANY PERSON WHOSE
TESTIMONY THE COMMISSIONER REQUIRES.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 58A, §
11(a).

The language of this section may be overly broad
insofar as it authorizes the Commissioner to
"investigate the loans ... and the business of