Ch. 544

LAWS OF MARYLAND

(X) ANY FEES CHARGED FOR CREDIT;

(XI) ANY OTHER INFORMATION THE DIVISION
DIRECTOR MAY CONSIDER RELEVANT OR THAT THE GENERAL ASSEMBLY MAY
REQUEST;

(XII)  NUMBER OF APPLICATIONS SUBMITTED,
APPROVED AND DENIED; AND

(XIII)  THE IMPACT OF REGIONAL SAVINGS AND LOAN
OPERATIONS ON EXISTING SAVINGS AND LOAN ASSOCIATIONS.

9-1009.                                                                                                                         

AN OUT-OF-STATE ASSOCIATION'S STATUS AS AN OUT-OF-STATE
ASSOCIATION SHALL NOT BE AFFECTED BY ITS CONVERSION FROM A
FEDERAL CHARTER TO A CHARTER ISSUED BY A REGION JURISDICTION, OR
BY CONVERSION FROM A CHARTER ISSUED BY A REGION JURISDICTION TO A
FEDERAL CHARTER, SO LONG AS THE OUT-OF-STATE ASSOCIATION
OTHERWISE CONTINUES TO QUALIFY AS AN OUT-OF-STATE ASSOCIATION IN
ACCORDANCE WITH § 9-1001(I) OF THIS SUBTITLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act may not

be construed to require divestiture by a Maryland association or

a Maryland savings and loan holding company which acquired its

Maryland association subsidiary or Maryland savings and loan

holding company prior to the effective date of this Act.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
not be construed to require an out-of-state association or
out-of-state savings and loan holding company which, on the
effective date of the Act, has branch offices in this State and
conducts business in this State, to divest itself of any branch
offices or to cease or to otherwise limit its business or
branching activities in this State.

SECTION 4. AND BE IT FURTHER ENACTED, That any association
which, on the effective date of this Act, is an out-of-state
association, has branch offices in this State, and conducts the
business of an association in this State, shall be authorized to
continue to operate those branch offices and conduct the business
of an association in this State subsequent to the effective date
of this Act, and shall be entitled to the full benefit of the
provisions of this Act.

SECTION 5. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved May 14, 1987.

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