1098                                          LAWS OF MARYLAND                                      Ch. 282

(d)  Approval or disapproval.

Within 60 days after the application is filed, the Division
Director shall approve an application only if the DIVISION
Director finds that the proposed terminal will:

(i) (1) Promote the public interest; and

(ii) (2) Be operated efficiently and in accordance
with this title.

(e)  Uses of electronic terminal.

A savings and loan association may use an electronic
terminal to enable a customer of the association to:

(1)  Deposit money into an account of the customer of
the association;

(2)  Transfer money from any account of the customer
to any other account;

(3)  Withdraw money from an account or under an
authorized line of credit of a customer;

(4)  Make payments on loans; and

(5)  Execute any other transaction that the [Board of
Commissioners] DIVISION DIRECTOR approves.

(f)  Verification of transactions made through the terminal.

A savings and loan association may verify by direct wire
transmission or otherwise any transaction that is made by means
of an electronic terminal.

(g)  Participation with another financial institution.

A savings and loan association may participate with any
other financial institution doing business in this State in
establishing and maintaining an electronic terminal.

(h) Appeal.

Any applicant aggrieved by any action or nonaction of the
Division Director under this section may appeal [as provided in
Title 8, Subtitle 4 of this article] TO THE CIRCUIT COURT FOR THE
COUNTY WHERE THE ASSOCIATION HAS ITS PRINCIPAL BUSINESS OFFICE IN
THIS STATE.

9-311. OFFICERS.

(A) OFFICERS REQUIRED.