1058                                          LAWS OF MARYLAND                                      Ch. 282

INCLUDE PENDING INVESTIGATIONS OF VIOLATIONS OF LAW REPORTED
UNDER SUBSECTION (A) OF THIS SECTION.

(C) IF THE DIVISION DIRECTOR BELIEVES THAT A SAVINGS AND
LOAN ASSOCIATION OR ANY OF ITS DIRECTORS, OFFICERS, AGENTS, OR
EMPLOYEES HAS MATERIALLY VIOLATED ANY PROVISION OF THIS TITLE OR
TITLE 9 THAT RELATES TO THE ASSOCIATION, THE DIVISION DIRECTOR
IMMEDIATELY SHALL REPORT THE VIOLATION TO:

(1) THE SECRETARY OF LICENSING AND REGULATION; AND

(2) THE ATTORNEY GENERAL, WHO SHALL TAKE THE

APPROPRIATE STEPS TO INSTITUTE A PROSECUTION OR OTHER APPROPRIATE
ACTION FOR THE VIOLATION.

[8-307.] 8-310. Termination of provisions of certain sections in
subtitle.

Subject to the evaluation and reestablishment provisions of
the Program Evaluation Act, [§§ 8-301, 8-302(a)(l), (b), (c), and
(d), 8-303, 8-304, 8-305, and 8-306] THE PROVISIONS of this
subtitle relating to the Board of Savings and Loan Association
Commissioners and the Division of Savings and Loan Associations
and relating to the regulation of savings and loan associations
are of no effect and may not be enforced after July 1, 1992.

Subtitle 4. Orders and Hearings

8-401. Orders of Division Director.

(a) Authority.

The Division Director may issue orders [to]:

(1) TO compel a savings and loan association--HOLDING
COMPANY, OR SUBSIDIARY OR RELATED ENTITY to comply with[:

(1)  Its] ITS charter or bylaws,[;

(2)  Any] ANY applicable law,[;] or

[(3) Any] ANY rule or regulation [of the Board of
Commissioners.]; OR

(2)  TO DIRECT A SAVINGS AND LOAN ASSOCIATION, HOLDING
COMPANY, OR SUBSIDIARY OR RELATED ENTITY TO CEASE AND DESIST FROM
ANY UNSAFE OR UNSOUND BUSINESS PRACTICE INCLUDING, BUT NOT
LIMITED TO, UNSOUND OR UNSAFE INTEREST RATES, ANY PRACTICE
INJURIOUS TO THE PUBLIC INTEREST, OR ANY VIOLATION OF STATE LAW
OR REGULATION RELATING TO SAVINGS AND LOAN ASSOCIATIONS; OR

(3)  TO DIRECT A SAVINGS AND LOAN ASSOCIATION, HOLDING
COMPANY, OR SUBSIDIARY OR RELATED ENTITY TO REMOVE ANY OFFICER,
DIRECTOR, OR EMPLOYEE WHO HAS PARTICIPATED IN OR CONSENTED TO ANY
VIOLATION OF LAW, REGULATION, OR ORDER RELATING TO SAVINGS AND