The Republican. [volume] (Oakland, Md.) 1877-current, 1963-06-27

rendered in connection with such
charge, shall take into income rat
ably over the life of the loan any
amount so received
1925 EXCLUSIONS:
The usual closing cost of trans
action, such as fees for title eX-
animation, appraisal fees, presi-
dents fee, recording cost. docu-
mcntary stamps and other charges
of a similar nature, which are
specifically excluded from 1882,
etc, of these Regulations.
1O4 VALUATION OF ASSETS
104.1 Retaliation by Director -
With the prior approval of the
Board. the Director may make a
rcvaluation of any asset of an as
ISOLATION including any property
given as security for any loan held
by an association. If the Director
finds it necessary, he may, with
the prior approval of the Board,
use for that purpose any independ-
ent appraiser or appraisers. Such
Independent appraiser or apprais-
ers shall be selected by the Direc-
tor from a list of qualified APP
praisers to be furnished by the
Board of Building, Savings and
Loan Association Commissioners.
A copy of the appraisal report on
the property being revalued shall
be furnished the association, and
the association shall bear the eX-
pense of such appraisal or APP
praiSals and promptly pay the cost
thereof upon receipt of bill for
such appraisal or appraisals. The
Director may require an aSSocia-
ton to establish and maintain a
specific loss reserve for the amount
by which the book value of any
asset exceeds any such revalua-
ton, or for the amount by which
the unpaid balance of any loan eX-
ceeds the amount for which such
loan might lawfully be made,
based upon such revaluation.
1O5 ADVERTISING AND PRO
MOTIONAL ACTIVITIES
1851 Associations Advertising
Filc-Each association shall main
tain or cause to be maintained, and
make available for inspection at
its home office, chronological file
of all forms of advertisement used
by it during the preceding IS
months.
1852 Filing of Advertising Prior
to Publication-1h he Director may
require any or all associations to
file true copy of the text of any
advertisements in the office of the
Department of Building, Savings
and Loan Associations at least 5
days prior to issuance, circulation
or publication of such advertise
mcnts. Filing shall not be neces-
sary, except when specifically re-
CURED by the Director.
10521 Use After Notice-Adver-
Using shall not be used after the
Director has given written notice
that the advertisement is unau-
thorized, false, misleading, or like
ly to deceive the public
1858 Identific alton of the Asso-
ciation-The complete corporate
name of the association shall be
set forth at least once in any adj
vcrtisement
1854 Misleading lmpreSSiOn-Any
advertisement or any advertising
sign as a whole shall not be in
accurate or create a misleading
impression even though statements
therein, separately considered, are
literally truthful.
1858 Dividend Payment-NO as
ISOLATION shall advertise in man
ner which implies that the rate
advertised will be paid for a long
er period than 6 months All adj
vertiscmcnts of rate" shall make
clear that it is the current annual
rate.
1856 Withdrawal of Funds
association shall advertise concern
ing the availability of funds for
withdrawal in such a manner as
to lead a reasonable person to be-
licve that funds will necessarily
be available on demand.
1857 PromotiCnal GiveaWays -
No association shall give for the
opening of, maintaining of, or in
creasing the amount of any ac-
count, any gift or premium that
has a monetary value in excess of
81 so, as required by Section 1911
AA of Article % Acts of 1861
1851 Sales of Gifts or Premiums
No association shall give or sell
gifts or premiums conditioned up
on the payment OF a specified sum
of money to cover all or part of
the cost of the gift or the premium
1858 GiVeaWay Prohibition APP
plicable to Dealings with Brokers
and Other PersCns-No aSsocia-
ton shall enter into any agree
ment or understanding with, or
accept funds for investment in
free share accounts from any bro
ker or other person engaging in
activities that are prohibited as
Sociations by Section 1857
107 GUARANTY STOCK
1911 Minimum Dividend on Free
Share Accounts of Guaranty Stock
Associations-Any association au-
thoriZed by law to issue or main
tain shares of Guaranty Stock
must, prior to the payment of any
dividend on such Guaranty Stock,
in any dividend period, declare
and pay dividends on all free share
accounts, in accordance with the
provisions of Section 161FF of Ar
ticlc % of the Annotated Code of
Maryland, at a rate not less than
3l296.
1912 Certificate Stated Restric-
tions: Each certificate heretofore
or hereafter issued as evidence of
ownership of Guaranty Stock shall
clearly show on it's face in a type
size no less than so points that
such stock is Guaranty Stock "
In addition, pursuant to Section