WILLIAM DONALD SCHAEFER, Governor                    Ch. 544

EXPIRATION OF TIME FOR APPEAL,   THIS SUBTITLE SHALL BE NULL AND

VOID IN ITS ENTIRETY AND SHALL  CEASE TO BE OF ANY FORCE OR EFFECT

FROM THE EFFECTIVE DATE OF  THE ORDER OR THE EXPIRATION OF THE
TIME FOR APPEAL.

(C)  ANY TRANSACTION THAT HAS BEEN LAWFULLY APPROVED UNDER
THIS SUBTITLE PRIOR TO A DETERMINATION OF INVALIDITY UNDER
SUBSECTION (B) OF THIS SECTION SHALL BE UNAFFECTED BY A
DETERMINATION OF INVALIDITY.

(D)  (1) THE DIVISION DIRECTOR SHALL CLOSELY MONITOR THE
RESULTS OF REGIONAL SAVINGS AND LOAN OPERATIONS AND REPORT TO THE
GENERAL ASSEMBLY, AS PROVIDED UNDER § 2-1312 OF THE STATE
GOVERNMENT ARTICLE, AND THE DEPARTMENT OF FISCAL SERVICES ON
OCTOBER 1 OF EACH YEAR, ON THE EFFECTS OF REGIONAL RECIPROCAL
SAVINGS AND LOAN OPERATIONS.

(2) THE REPORT SHALL INCLUDE AT A MINIMUM:

(I)  INITIAL OR PROPOSED CAPITAL INVESTMENTS,
LOAN POLICIES, INVESTMENT POLICIES, DIVIDEND POLICIES, AND THE
GENERAL PLAN OF BUSINESS, INCLUDING THE COST OF SERVICES WHICH
THAT ARE OFFERED BY ANY INTERSTATE ASSOCIATION OR ANY SAVINGS AND
LOAN HOLDING COMPANY OPERATING IN MARYLAND OR ARE TO BE OFFERED
BY ANY INTERSTATE ASSOCIATION OR OUT-OF-STATE SAVINGS AND LOAN
HOLDING COMPANY SEEKING TO OPERATE IN MARYLAND;

(II)  SPECIFIC STEPS TAKEN OR PROPOSED TO BE
TAKEN TO MEET THE CREDIT NEEDS OF INDIVIDUALS, INCLUDING LOW AND
MODERATE INCOME RESIDENTS IN THE COMMUNITY TO BE SERVED;

(III)  THE FINANCIAL AND MANAGERIAL RESOURCES OF
THE INTERSTATE ASSOCIATION OR OUT-OF-STATE SAVINGS AND LOAN
HOLDING COMPANY;

(IV)  THE FINANCIAL HISTORY AND FUTURE PROSPECTS
OF THE INTERSTATE ASSOCIATION OR OUT-OF-STATE SAVINGS AND LOAN
HOLDING COMPANY;

(V)  THE RESULTANT CONCENTRATION OF RESOURCES
AND AMOUNT OF TOTAL ASSETS AND TOTAL DEPOSITS TO BE HELD BY THE
INTERSTATE ASSOCIATION OR OUT-OF-STATE SAVINGS AND LOAN HOLDING
COMPANY AFTER A MERGER OR ACQUISITION;

(VI)  THE IMPACT OF REGIONAL RECIPROCAL SAVINGS
AND LOAN ASSOCIATION OPERATIONS ON COMPETITION;

(VII)  THE AVAILABILITY OF HOME FINANCING FOR
ALL GROUPS, INCLUDING LOW AND MODERATE INCOME GROUPS . ;

(VIII)  THE AVAILABILITY OF CREDIT FOR LOANS;

(IX)  RATES CHARGED FOR CREDIT;

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