Ch. 639                                    LAWS OF MARYLAND

ANY PERSON WHO IS AGGRIEVED BY ANY DECISION OR FINDING OF
THE BANK COMMISSIONER UNDER THIS SUBTITLE MAY APPEAL. TO THE
CIRCUIT COURT FOR THE COUNTY IN WHICH THE AGGRIEVED PERSON
RESIDES OR HAS A PRINCIPAL PLACE OF BUSINESS, OR, IF THE
AGGRIEVED PERSON RESIDES OR HAS A PRINCIPAL PLACE OF BUSINESS IN
BALTIMORE CITY, TO THE CIRCUIT COURT FOR BALTIMORE CITY.

12-708.

(A)  THE BANK COMMISSIONER, NOT MORE OFTEN THAN ONCE PER
YEAR, MAY IMPOSE ANNUAL ASSESSMENTS ON EACH FINANCIAL INSTITUTION
SUPERVISED AND EXAMINED BY THE BANK COMMISSIONER UNDER THIS
SUBTITLE, TO COVER THE EXPENSE OF SUPERVISING AND EXAMINING THAT
FINANCIAL INSTITUTION.

(B)  (1) THE BANK COMMISSIONER MAY ASSESS EACH FINANCIAL
INSTITUTION THE SUM OF:

(I)  $1,000; PLUS

(II)  8 CENTS FOR EACH $1,000 OF THE ASSETS OF
THE FINANCIAL INSTITUTION OVER $1,000,000.

(2) THE ASSESSMENTS SHALL BE BASED ON ASSETS STATED
IN THE FINANCIAL INSTITUTION'S MOST RECENT FINANCIAL REPORT.

(C)  THE FINANCIAL INSTITUTION SHALL PAY ANY ASSESSMENT
IMPOSED UNDER THIS SECTION TO THE BANK COMMISSIONER ON OR BEFORE
THE FEBRUARY 1 AFTER IT IS IMPOSED.

12-709.

THE BANK COMMISSIONER MAY ADOPT REGULATIONS TO CARRY OUT THE
PROVISIONS OF THIS SUBTITLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved June 2, 1987.

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