Ch. 326                                    1996 LAWS OF MARYLAND

(ii) Refuse to appear or testify without good cause when summoned
under this section.

(2) Any person who violates any provision of this subsection is guilty of a
misdemeanor and on conviction is subject to a fine not exceeding $1,000 or imprisonment
not exceeding 1 year or both.

5-203.

(a)     The [Bank] Commissioner shall impose annual assessments on each banking
institution as provided in this section, to cover the expense of regulating banking
institutions.

(b)     (1) The [Bank] Commissioner shall assess each banking institution the sum
of:

(i) $1,000; plus

(ii) 8 cents for each $1,000 of the assets of the institution over
$1,000,000.

(2) The assessments shall be based on assets stated in a banking institution's
most recent financial report.

(c)     A banking institution shall pay the assessment imposed under this section to
the [Bank] Commissioner on or before the February 1 after it is imposed.

5-204.

Instead of making an examination under this subtitle, the [Bank] Commissioner
may accept a copy of the report of a reasonably recent examination of the banking
institution by a federal banking authority.

5-206.

(a)     At least twice a year, the [Bank] Commissioner shall ask every banking
institution to submit a financial report that shows in detail the assets and liabilities of the
institution as of the close of the business day that the [Bank] Commissioner specifies.

(b)     The [Bank] Commissioner shall:

(1)     Provide forms that conform as closely as practicable to the forms that
the federal banking authorities use; or

(2)     Accept from a banking institution a copy of a reasonably recent report
that the institution submitted to a federal banking authority.

(c)     (1) Within 30 days after a banking institution receives the request for a
financial report, the institution shall submit the report.

(2) Each report shall be signed and verified by the president, vice president,
cashier, or treasurer of the banking institution.

(d)     (1) Within 45 days after a banking institution receives the request for a
financial report, the institution shall:

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