Ch. 136

1997 LAWS OF MARYLAND

through [54] 53 of the Code, RECEIVING STATE-FUNDED PUBLIC ASSISTANCE
BENEFITS, or RECEIVING supplemental security income under Title XVI of the federal
Social Security Act,

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1997.

Approved April 29, 1997.

CHAPTER 136
(Senate Bill 106)

AN ACT concerning

Financial Regulation - Deputy Commissioner — Banking Board

FOR the purpose of removing altering certain qualification requirements of the Deputy
Commissioner of Financial Regulation; increasing and revising the membership of
the Banking Board; and generally relating to the Deputy Commissioner and the
Banking Board.

BY repealing and reenacting, with amendments,
Article - Financial Institutions
Section 2-103 and 2-202
Annotated Code of Maryland
(1992 Replacement Volume and 1996 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Financial Institutions

2-103.

(a) With the approval of the Secretary of Labor, Licensing, and Regulation, the
Commissioner shall appoint a Deputy Commissioner.

(b) The Deputy Commissioner serves at the pleasure of the Commissioner and is
an employee of the Commissioner's office.

[(c) The 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.]

(C) THE DEPUTY COMMISSIONER SHALL HAVE AT LEAST 5 YEARS OF
EXPERIENCE IN;

(1) STATE OR NATIONAL BANKING REGULATION OR MANAGEMENT: OR

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