Ch. 662

LAWS OF MARYLAND

1. MEET THE CREDIT NEEDS OF SMALL
BUSINESSES, INCLUDING MINORITY OWNED AND WOMEN OWNED SMALL
BUSINESSES;

2. MEET THE CREDIT NEEDS OF FARM OWNERS,
IF ANY, LOCATED WITHIN THE COMMUNITY SERVED BY THE BANK; AND

3. MEET THE CREDIT NEEDS OF LOW AND
MODERATE INCOME FAMILIES AND INDIVIDUALS WHO RESIDE IN THE
COMMUNITY SERVED BY THE BANK; AND

4. PARTICIPATE

(II) 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

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

[(2)] (3) File with the Division Director any other
information the Division Director shall require by regulation,
including, the items required under the minimum reporting
standards specified under § 9-1008(d) of this subtitle.

(4) THE REPORTING REQUIREMENT UNDER PARAGRAPH (2) OF
THIS SUBSECTION MAY BE SATISFIED BY THE SUBMISSION OF ANY REPORT
REQUIRED BY THE FEDERAL GOVERNMENT IF THE REPORT CONTAINS
SUBSTANTIALLY THE SAME INFORMATION REQUIRED UNDER PARAGRAPH (2)
OF THIS SUBSECTION.

(c) The Division Director shall promptly notify the General
Assembly as provided under § 2-1312 of the State Government
Article, and the Department of Fiscal Services of any interstate
association or out-of-state savings and loan holding company that
controls a Maryland association, an interstate association, a
Maryland savings and loan holding company, or an out-of-state
savings and loan holding company wishing to acquire or having
acquired a Maryland association subsidiary that fails to, or
refuses to, submit information as required in this section.

(D) UPON REQUEST, THE DIRECTOR SHALL MAKE AVAILABLE TO THE
PUBLIC A COPY OF THE REPORT REQUIRED UNDER SUBSECTION (B)(2) OF
THIS SECTION.

SECTION 2. AND BE IT FURTHER ENACTED, That the first report
required to be provided under this Act is due July 1, 1989.

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