1052                                          LAWS OF MARYLAND                                      Ch. 282

(1) THE DIVISION DIRECTOR MAY SHALL ADOPT REGULATIONS
NECESSARY TO ACCOMPLISH THE POLICIES SET FORTH IN § 8-102 OF THIS
TITLE.

(2) AT LEAST 7 DAYS BEFORE ADOPTING ANY REGULATIONS.
THE DIVISION DIRECTOR SHALL FORWARD THE PROPOSED REGULATIONS TO
THE BOARD OF COMMISSIONERS FOR THE BOARD'S REVIEW. COMMENT. AND
ADVICE.

(3) THE BOARD SHALL SUBMIT ANY COMMENTS AND ADVICE TO
THE DIVISION DIRECTOR WITHIN 30 DAYS OF RECEIPT OF THE PROPOSED
REGULATIONS,

(B) SCOPE OF REGULATIONS.

WITHOUT LIMITING THE AUTHORITY CONFERRED BY SUBSECTION (A)
OF THIS SECTION, THE DIVISION DIRECTOR MAY ADOPT REGULATIONS
CONSISTENT WITH THE PROVISIONS OF THIS TITLE AND TITLE 9 WITH
RESPECT TO:

(1)  ANY POWERS CONFERRED ON THE DIVISION DIRECTOR IN
TITLES 8 AND 9;

(2)  RESERVE REQUIREMENTS;

(3)  STOCK OWNERSHIP AND DIVIDENDS;

(4)  STOCK TRANSFERS (CHANGE OF CONTROL);

(5)  INCORPORATORS, CONTROLLING PERSONS, DIRECTORS,
OFFICERS, EMPLOYEES, AND AGENTS OF A SAVINGS AND LOAN
ASSOCIATION;

(6)  BYLAWS;

(7)  RELATED ENTITIES;

(8)  THE STRUCTURE OF THE OFFICE OF THE DIVISION;

(9)  THE OPERATION, CONDUCT, AND MANAGEMENT OF SAVINGS
AND LOAN ASSOCIATIONS;

(10)  WITHDRAWABLE ACCOUNTS, SAVINGS ACCOUNTS AND
PLANS, AND CONTRACTS FOR SAVINGS PROGRAMS;

(11)  LOANS AND LOAN EXPENSES, INCLUDING UNDERWRITING
PROCEDURES;

(12)  INVESTMENTS;

(13)  FORMS AND DEFINITIONS;

(14)  TYPES OF FINANCIAL RECORDS TO BE MAINTAINED BY
SAVINGS AND LOAN ASSOCIATIONS;