§ 2-103. Deputy Commissioner

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

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

(c) Qualifications. -- The Deputy Commissioner shall have at least 5 years of experience in:

   (1) State or national banking regulation or management; or

   (2) The regulation or management of the business of making loans by persons of the type regulated by this article.

(d) Compensation. -- The Deputy Commissioner is entitled to the salary provided in the State budget.

(e) Powers and duties. -- In addition to any other powers and duties set forth in this article, the Deputy Commissioner has the powers and duties of the Commissioner:

   (1) To the extent delegated by the Commissioner;

   (2) If the office of the Commissioner is vacant; and

   (3) If for any reason the Commissioner is unable to perform the duties of the office.

HISTORY: An. Code 1957, art. 11, § 2, 5; 1980, ch. 33, § 2; 1995, ch. 120, § 19; 1996, ch. 326, § 2; 1997, ch. 136.