Ch. 326                                    1996 LAWS OF MARYLAND

(d)     (1) Before a cease and desist order takes effect, the [Bank] Commissioner
shall give the banking institution an opportunity for a hearing.

(2) Notice of the hearing shall be given and the hearing shall be held in
accordance with the Administrative Procedure Act.

(e)     If the [Bank] Commissioner determines that the violation or practice under
subsection (a) of this section requires immediate action to protect depositors,
stockholders, or the public, the [Bank] Commissioner:

(1)     May issue a cease and desist order that is effective on service; and

(2)     Shall give the banking institution an opportunity for. a hearing to rescind
the order.

5-809.

On application by the [Bank] Commissioner, a court of competent jurisdiction may
issue an injunction to restrain a banking institution from:

(1)     An unsafe or unsound banking practice;

(2)     A practice that is injurious to the public interest; or

(3)     A violation of a law, rule, or regulation that relates to the [Bank]
Commissioner's supervision of the institution.

5-901.

(h) "Commissioner" means the [Maryland Bank] Commissioner OF

FINANCIAL REGULATION.

5-1008.

(a) A banking institution that establishes a branch in another state may exercise
at that branch all powers and rights permitted to banks in that state unless the [Bank]
Commissioner determines that the exercise of a power or right would threaten the safety
and soundness of the banking institution.

5-1009.

(a)     Subject to § 5-1012 of this subtitle, the [Bank] Commissioner shall have the
power to examine every branch of an other-state bank located in this State for the same
purposes and to the same extent as the [Bank] Commissioner may examine a branch of
a banking institution.

(b)     The [Bank] Commissioner may enter into agreements with bank supervisory
agencies regarding the scope, timing, coordination, and frequency of examinations and
other supervisory matters, including the sharing of information obtained through
examination of other-state banks that maintain branches in this State.

(c)     Supervisory and examination fees related to the [Bank] Commissioner's
oversight of Maryland branches of other-state banks and branches of banking institutions
in other states may be imposed and shall be calculated in the manner agreed to between
the [Bank] Commissioner and the home state regulators.

- 1952 -