PARRIS N. GLENDENING, Governor                             Ch. 326

(9)     The [Bank] Commissioner OF FINANCIAL REGULATION;

(10)   The Division of Savings and Loan Associations; OR

(11)   [The Commissioner of Consumer Credit; or

(12)   ] An agency of another State with primary responsibility for chartering
and supervising banks.

Title 2. [ Bank] Commissioner and Boards.

Subtitle 1. [Bank] Commissioner OF FINANCIAL REGULATION.
2-101.

There is a [State Bank] Commissioner OF FINANCIAL REGULATION in the
Department of Labor, Licensing, and Regulation.

2-102.

(a)     The [ Bank] Commissioner OF FINANCIAL REGULATION is appointed by
the Secretary of Labor, Licensing, and Regulation with the approval of the Governor and
the advice and consent of the Senate.

(b)     The [Bank] Commissioner OF FINANCIAL REGULATION serves at the
pleasure of the Secretary of Labor, Licensing, and Regulation.

(c)     The [ Bank] Commissioner shall have at least 5 years of experience in state or
national banking regulation or management, OR IN THE REGULATION OR
MANAGEMENT OF THE BUSINESS OF MAKING LOANS, which may include
service as a bank director.

(d)     The [Bank] Commissioner is entitled to the salary provided in the State
budget.

2-103.

(a)     With the approval of the Secretary of Labor, Licensing, and Regulation, the
[Bank] Commissioner shall appoint a [ deputy bank] DEPUTY Commissioner.

(b)     The [deputy bank] DEPUTY Commissioner serves at the pleasure of the
[Bank] Commissioner and is an employee of the [ Bank] Commissioner's office.

(c)     The [deputy bank] DEPUTY Commissioner shall have at least 5 years of
experience in state or national banking regulation or management, OR IN THE
REGULATION OR MANAGEMENT OF THE BUSINESS OF MAKING LOANS,
which may include service as a bank director.

(d)     The [deputy bank] DEPUTY Commissioner is entitled to the salary provided
in the State budget.

(e)     In addition to any other powers and duties set forth in this article, the [ deputy
bank] DEPUTY Commissioner has the powers and duties of the [ Bank] Commissioner:

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