WILLIAM DONALD SCHAEFER, Governor                   Ch. 662

Article - Financial Institutions

Section 5-206.1 , 5-903(d) and (e) ,9-505, and 5-1003(f) and

(g)

Annotated Code of Maryland

(1986 Replacement Volume and 1987 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Financial Institutions

1-101.

(a) In this article, unless the context clearly requires
otherwise, the following words have the meanings indicated.

(d) "Banking institution" means an institution that is
incorporated under the laws of this State as a State bank, trust
company, or savings bank.

(m) "National banking association" means an institution
that is incorporated under federal law as a bank.

5-206.1.

(A) A NATIONAL BANKING ASSOCIATION LOCATED IN THE STATE OR
A BANKING INSTITUTION SHALL ANNUALLY SUBMIT A WRITTEN REPORT TO
THE COMMISSIONER THAT:

(1) SPECIFIES THE STEPS TAKEN TO:

(I) MEET THE CREDIT NEEDS OF SMALL BUSINESSES,
INCLUDING MINORITY OWNED AND WOMEN OWNED SMALL BUSINESSES;

(II) MEET THE CREDIT NEEDS OF FARM OWNERS, IF
ANY, LOCATED WITHIN THE COMMUNITY SERVED BY THE BANK; AND

(III) MEET THE CREDIT NEEDS OF LOW AND MODERATE
INCOME FAMILIES AND INDIVIDUALS WHO RESIDE IN THE COMMUNITY
SERVED BY THE BANK;

(2) SPECIFIES THE PARTICIPATION, IF ANY, IN GOVERNMENT
SPONSORED PROGRAMS THAT ARE DESIGNED TO MEET THE CREDIT NEEDS OF
SMALL BUSINESSES, FARM OWNERS, AND LOW AND MODERATE INCOME
INDIVIDUALS; AND------------------------------------------------

(3) SPECIFIES PLANS, IF AND, FOR NEW PROGRAMS OR
INITIATIVES TO MEET THE CREDIT NEEDS OF SMALL BUSINESSES, FARM
OWNERS, AND LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

(B) THE REPORTING RETIREMENT UNDER THIS SECTION MAY BE
SATISFIED BY THE SUBMISSION OF ANY REPORT REQUIRED BY THE FEDERAL

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