Ch. 662                                          LAWS OF MARYLAND

(IV) IN WORCESTER COUNTY, $8 FOR EACH PROPERTY
SOLD.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 27, 1988.

CHAPTER 662

(House Bill 588)

AN ACT concerning

Financial Institutions - Community Reinvestment Reports

FOR the purpose of requiring certain financial institutions to
submit a written report that specifies the steps taken to
meet the credit needs of small businesses and individuals in
the community served; requiring certain financial
institutions to specify steps taken to participate in
certain government sponsored programs and specify plans for
certain new programs and initiatives; requiring the Savings
and Loan Division Director and Bank Commissioner to make a
copy of the report available to the public upon request;
providing for the termination of this Act; and generally
relating to community investment by certain financial
institutions.

BY repealing and reenacting, without amendments,

Article - Financial Institutions

Section 1-101(a),(d), and (m), 5-903(a) and (c),

5-1003(a)(4) and (5), and 5-1103(a); 8-101(a) and

(j); and 9-101(a) and (i)
Annotated Code of Maryland
(1986 Replacement Volume and 1987 Supplement)

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 5-1103(b) and 9-1006

Annotated Code of Maryland

(1986 Replacement Volume and 1987 Supplement)

BY adding to

- 4500 -