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LAWS OF MARYLAND

Ch. 366

(6) If, at any time, the money deposited in the
guaranty fund is insufficient to satisfy any duly authorized
claim or portion thereof, the Commission, when sufficient
money has been deposited in the guaranty fund, shall satisfy
such unpaid claims or portions thereof, in the order that
such claims or portions thereof were originally filed, plus
accumulated interest at the rate of 10 percent a year.

SECTION 2. AND BE IT FURTHER ENACTED, That this act
shall apply only to claims accruing after June 30, 1981.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved May 12, 1981.

CHAPTER 367

(House Bill 495)

AN ACT concerning

Commissioner of Consumer Credit

FOR the purpose of continuing the existence of the
Commissioner of Consumer Credit in accordance with the
Regulatory Programs Evaluation Act (sunset law) by
extending to a certain date the termination provisions
relating to the statutory and regulatory authority of
this agency and the regulation of consumer lending; and
clarifying those termination provisions; and requiring
a study of the "sunset" law to be conducted.

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 11-106

Annotated Code of Maryland

(1980 Volume and 1980 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Financial Institutions

11-106.

[The] SUBJECT TO THE EVALUATION AND REESTABLISHMENT
PROVISIONS OF THE REGULATORY PROGRAMS EVALUATION ACT OF
1978, ARTICLE 41 §§ 484-489, THE provisions of this subtitle