§ 2-107. Annual report

Latest version.

   On or before December 31 of each year, the Commissioner shall submit to the Governor and, as provided under § 2-1246 of the State Government Article, the General Assembly an annual report that includes, at a minimum, the following information concerning the most recently completed fiscal year ending June 30:

   (1) Operations of the office of the Commissioner;

   (2) Amendments proposed by the Commissioner regarding the laws the Commissioner administers;

   (3) Failures of licensed persons and State-chartered financial institutions;

   (4) A summary of the composite ratings of banking institutions and State-chartered credit unions; and

   (5) A breakdown by license category of the number of penalties assessed and instances of consumer recovery.

HISTORY: 2001, ch. 226; 2010, ch. 72, § 5.

                    
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