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Session Laws, 1988
Volume 770, Page 1811   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                     Ch. 50

(ii) Contains the information relevant to the
business and operations of the licensee that the Commissioner
requires; and

(iii) Is signed and verified by the licensee.

(2) The Commissioner:

(i) Shall keep confidential the annual report
of each licensee;

(ii) Shall include any analysis or
recapitulation of the annual reports in the Commissioner's annual
report made under subsection (b) of this section; and

(iii) May make this analysis or recapitulation
available for public examination.

(b) On or before March 15 of each year, the Commissioner
shall report to the Governor, and to the Secretary of Licensing
and Regulation, and subject to § 2-1312 of the State Government
Article, to the General Assembly on the composite condition of
annual business operations of all licensees through December 31
of the previous year, including:

(1)  A balance sheet;

(2)  Gross income and a breakdown of its sources;

(3)  Expenses itemized in categories determined by the
Commissioner;

(4)  Interest earned and uncollected;

(5)  The average amount of outstanding loans monthly
and at year end;

(6)  An analysis of outstanding loans by sizes, types
of security, and delinquency, itemized in categories determined
by the Commissioner; and

(7)  Any additional information that the Commissioner
considers appropriate to reflect overall operations.]

[12-311.

(a) During April of each year, each licensee shall file
with the Commissioner an annual report that:

(1) Contains the information that the Commissioner
reasonably requires about the business and operations of the
licensee during the previous calendar year;

- 1811 -

 

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Session Laws, 1988
Volume 770, Page 1811   View pdf image
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