WILLIAM DONALD SCHAEFER, Governor                   Ch. 544

(III) AN INCREASE IN DEPOSITS IN DEPOSIT-TAKING
OFFICES OR IN SAVINGS AND LOAN ASSOCIATION SUBSIDIARIES NOT
WITHIN THE REGION IS NOT THE RESULT OF AN ACQUISITION OF A
SAVINGS AND LOAN ASSOCIATION OR SAVINGS AND LOAN HOLDING COMPANY.

(C) (1) THE DIVISION DIRECTOR MAY ENFORCE THE PROVISIONS OF
THIS SECTION THROUGH THE IMPOSITION OF PENALTIES UP TO $500 PER
DAY EACH DAY THE VIOLATION CONTINUES TO EXIST, THE ISSUANCE OF
CEASE AND DESIST ORDERS UNDER § 8-401 OF THIS ARTICLE, AND ANY
OTHER REMEDIES AS ARE PROVIDED BY LAW.

(2) IN DETERMINING THE AMOUNT OF FINANCIAL PENALTY TO
BE IMPOSED, THE DIVISION DIRECTOR SHALL CONSIDER THE FOLLOWING:

(I)  THE SERIOUSNESS OF THE VIOLATION;

(II)  THE GOOD FAITH OF THE VIOLATOR;

(III)  THE VIOLATOR'S HISTORY OF PREVIOUS
VIOLATIONS;

(IV)  THE DELETERIOUS EFFECT OF THE VIOLATION ON
THE PUBLIC AND THE SAVINGS AND LOAN INDUSTRY; AND

(V)  THE ASSETS OF THE VIOLATOR.
9-1006.

(A)  AN INTERSTATE ASSOCIATION OR AN OUT-OF-STATE SAVINGS
AND LOAN HOLDING COMPANY THAT CONTROLS A MARYLAND ASSOCIATION, A
MARYLAND SAVINGS AND LOAN HOLDING COMPANY, AN INTERSTATE
ASSOCIATION, OR AN OUT-OF-STATE SAVINGS AND LOAN HOLDING COMPANY
HAVING A MARYLAND ASSOCIATION SUBSIDIARY SHALL BE SUBJECT TO AND
BE ENTITLED TO THE BENEFITS OF THOSE LAWS OF THIS STATE AND TO
THE RULES OF ITS UNITS RELATING TO THE ACQUISITION, OWNERSHIP,
AND OPERATION OF DEPOSIT-TAKING OFFICES IN MARYLAND, MARYLAND
ASSOCIATIONS, AND MARYLAND SAVINGS AND LOAN HOLDING COMPANIES.

(B)  AN INTERSTATE ASSOCIATION OR AN OUT-OF-STATE SAVINGS
AND LOAN HOLDING COMPANY THAT CONTROLS A MARYLAND ASSOCIATION, A
MARYLAND SAVINGS AND LOAN HOLDING COMPANY, AN INTERSTATE
ASSOCIATION, OR AN OUT-OF-STATE SAVINGS AND LOAN HOLDING COMPANY
HAVING A MARYLAND ASSOCIATION SUBSIDIARY SHALL:

(1)  FILE WITH THE DIVISION DIRECTOR COPIES OF ALL
REGULAR AND PERIODIC REPORTS THAT THE SAVINGS AND LOAN
ASSOCIATION OR SAVINGS AND LOAN HOLDING COMPANY IS REQUIRED TO
FILE UNDER § 13 OR § 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934, AS AMENDED, EXCLUDING ANY PORTIONS NOT REQUIRED TO BE MADE
AVAILABLE TO THE PUBLIC; AND

(2)  FILE WITH THE DIVISION DIRECTOR ANY OTHER
INFORMATION THE DIVISION DIRECTOR SHALL REQUIRE BY REGULATION,

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