Ch. 777                                           LAWS OF MARYLAND

(18)     Liquidations;

(19)      Mergers;

(20)  Conversions;

(21)  Reports which may be required by the Director;

(22)  Conflicts of interest;

(23)  Accounting rules;

(24)  Issuance of orders;

(25)  Removal of directors, officers, and employees;

(26)   [Appraisals and appraisers;

(27)] Advertising; and

[(28)] (27) Enforcement remedies relating to
limitations on interest rates on deposits.

(C)  WITHOUT LIMITING THE AUTHORITY CONFERRED BY SUBSECTION
(A) OF THIS SECTION, THE DIVISION DIRECTOR SHALL DEVELOP AND
IMPLEMENT MINIMUM SAFETY AND SOUNDNESS STANDARDS FOR REAL ESTATE
APPRAISALS AND APPRAISERS DIRECTORS AND OFFICERS OF SAVINGS AND
LOAN ASSOCIATIONS SHALL DEVELOP AND IMPLEMENT, BY DECEMBER 31,
1989, WRITTEN:

(1)  REAL ESTATE APPRAISAL POLICIES; AND

(2)  PROCEDURES PERTAINING TO THE HIRING AND
PERFORMANCE OF REAL ESTATE APPRAISERS.

(D)  THE PROCEDURES REQUIRED UNDER SUBSECTION (C)(2) OF THIS
SECTION SHALL SET FORTH SPECIFIC FACTORS TO BE CONSIDERED BY THE
SAVINGS AND LOAN ASSOCIATION'S DIRECTORS AND OFFICERS, INCLUDING
BUT NOT LIMITED TO THE REAL ESTATE APPRAISER'S:

(1)  PROFESSIONAL EDUCATION;

(2)  EXPERIENCE IN REAL ESTATE APPRAISING; AND

(3) MEMBERSHIP IN PROFESSIONAL APPRAISAL

ORGANIZATIONS.

(E)  REAL ESTATE APPRAISAL POLICIES AND PROCEDURES SHALL BE
SUBMITTED BY THE SAVINGS AND LOAN ASSOCIATIONS TO THE DIVISION
DIRECTOR FOR REVIEW AND APPROVAL.

11-105.

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