HARRY HUGHES, Governor                                       1149

Any aggrieved foreign association or savings and loan
association that applies to relocate its office under subsection
(a) of this section may appeal a final order of the Division
Director [under Title 8, Subtitle 4 of this article] TO THE

CIRCUIT COURT FOR BALTIMORE CITY APPROPRIATE CIRCUIT COURT

CIRCUIT COURT FOR BALTIMORE CITY.

9-804. Activities not considered doing business.

For the purposes of this article and the Corporations and
Associations Article, in addition to the activities listed in CA
§§ 7-103 and 7-104, the following activities of a foreign
association do not constitute doing business or having tax situs
in this State:

(1)  Making or investing in loans on property in this
State;

(2)  Purchasing, acquiring, holding, selling,
assigning, transferring, collecting, or enforcing by foreclosure
or otherwise any whole or partial interest in any obligation
secured by a mortgage or similar instrument, covering property in
this State; or

(3)  Employing an attorney, surveyor, or appraiser in
connection with any activity permitted by this section or the
servicing and collection of any investment in this State through
a corporation that is authorized to do business in this State.

Subtitle 9. Miscellaneous.

9-901. [Insurance required.] MEMBERSHIP IN MARYLAND DEPOSIT
INSURANCE FUND OR FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION.

A savings and loan association shall BECOME AND PARTICIPATE
AS A MEMBER IN AND have its savings accounts insured by the
Maryland [Savings-Share] DEPOSIT Insurance FUND Corporation or
the Federal Savings and Loan Insurance Corporation. IF
MEMBERSHIP IN EITHER CORPORATION BOTH CORPORATIONS CEASES, THE
ASSOCIATION SHALL BE PLACED IN RECEIVERSHIP IN ACCORDANCE WITH §
9-708 OF THIS TITLE.

9-902. Notice of rejection of application for residential
mortgage.

If a savings and loan association rejects an application for
a residential mortgage, the association shall give the applicant,
on request, written notice of the rejection.

9-903. Mortgage insurance premiums.

If a savings and loan association holds a first mortgage on
residential property, and the mortgage is partially insured by a
private mortgage insurance company, the association shall
eliminate all charges to the mortgagor for mortgage insurance