reglab/housing_qa huggingface dataset:
MD. Financial Institutions Code Ann. §  5-808 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 8 - Prohibited Activities; Penalties|Section 5-808 - Cease and Desist Orders

    (a)    The Commissioner may order any banking institution to cease and desist 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 Commissioner’s supervision of the institution.    (b)    To protect depositors, stockholders, or the public, the Commissioner may include in a cease and desist order a restriction on the withdrawal of money from any banking institution.    (c)    The Commissioner may include in a cease and desist order a requirement that the officers or directors of a banking institution act affirmatively to correct any violation or practice.    (d)    (1)    Before a cease and desist order takes effect, the 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 Commissioner determines that the violation or practice under subsection (a) of this section requires immediate action to protect depositors, stockholders, or the public, the 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.
MD. Financial Institutions Code Ann. §  5-808.1 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 8 - Prohibited Activities; Penalties|Section 5-808.1 - Cease and Desist Orders -- Civil Penalty

    (a)    After notice and a hearing, the Commissioner may assess a civil penalty against a banking institution that the Commissioner determines has:        (1)    Violated a cease and desist order issued by the Commissioner under § 5–808 of this subtitle; or        (2)    Engaged in:            (i)    An unsafe or unsound banking practice; or            (ii)    A practice that is injurious to the public interest.    (b)    The civil penalty may not exceed:        (1)    $1,000 per violation; and        (2)    $1,000 per violation for each day that the violation continues.    (c)    (1)    A civil penalty shall be assessed by written notice of assessment served on the person to be assessed.        (2)    The notice of assessment shall state the:            (i)    Amount of the civil penalty;            (ii)    Legal authority for the assessment; and            (iii)    Matters of fact or law constituting the grounds for the assessment.        (3)    The notice of assessment shall constitute a final order for purposes of judicial review pursuant to § 10–221 of the State Government Article.    (d)    In determining the amount of the civil penalty to be assessed, the Commissioner shall consider:        (1)    The seriousness of the violation;        (2)    The good faith of the violator;        (3)    The violator’s history of previous violations;        (4)    The deleterious effect of the violation on the public and the banking industry;        (5)    The assets of the violator; and        (6)    Any other factors relevant to the determination of the civil penalty.    (e)    (1)    A civil penalty assessed under this section shall be due and payable within 30 days after the Commissioner issues the notice of assessment.        (2)    The Commissioner may reduce or set aside a civil penalty.    (f)    The Commissioner shall pay all civil penalties collected under this section into the General Fund of the State.
MD. Financial Institutions Code Ann. §  5-808.2 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 8 - Prohibited Activities; Penalties|Section 5-808.2 - Closed Hearing in Extraordinary Circumstances

    (a)    In this section, “extraordinary circumstances” means a situation presenting specific concerns about the prompt withdrawal of money from, or the safety and soundness of, a banking institution.    (b)    In extraordinary circumstances and with the consent of the banking institution, the Commissioner may close to the public a hearing concerning the assessment of a civil penalty, an order to cease and desist, or any other formal enforcement action by the Commissioner.
MD. Financial Institutions Code Ann. §  5-809 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 8 - Prohibited Activities; Penalties|Section 5-809 - Injunction

    On application by the 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 Commissioner’s supervision of the institution.
MD. Financial Institutions Code Ann. §  5-902 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 9 - Bank Holding Companies|Section 5-902 - Scope of Subtitle

    This subtitle sets forth the conditions under which a bank holding company may acquire a Maryland bank or a Maryland bank holding company.
MD. Financial Institutions Code Ann. §  5-903 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 9 - Bank Holding Companies|Section 5-903 - Prohibited Acquisitions; Notice to Commissioner

    (a)    Except as otherwise expressly permitted by federal law, no bank holding company may acquire a Maryland bank holding company or a Maryland bank without the approval of the Commissioner.    (b)    The prohibition in subsection (a) of this section shall not apply where the acquisition is made:        (1)    Solely for the purpose of facilitating an acquisition otherwise permitted under this subtitle;        (2)    In a transaction arranged by the Commissioner or another bank supervisory agency to prevent the insolvency or closing of the acquired bank; or        (3)    In a transaction in which a bank forms its own bank holding company, if the ownership rights of the former bank shareholders are substantially similar to those of the shareholders of the new holding company.    (c)    In a transaction for which the Commissioner’s approval is not required under this section, the parties shall give written notice to the Commissioner at least 15 days before the effective date of the acquisition.
MD. Financial Institutions Code Ann. §  5-904 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 9 - Bank Holding Companies|Section 5-904 - Application for Acquisition; Forms for Applications, Notice, and Reports

    (a)    A bank holding company that proposes to make an acquisition under this subtitle shall:        (1)    File with the Commissioner an application in the form that the Commissioner requires;        (2)    Pay to the Commissioner an application fee of $1,500; and        (3)    Submit proof that the applicant has complied with all public notice and publication requirements applicable under the Bank Holding Company Act.    (b)    To the extent consistent with the effective discharge of the Commissioner’s responsibilities, the forms established under this subtitle for application, notice, and reporting shall conform to those established under the Bank Holding Company Act.
MD. Financial Institutions Code Ann. §  5-905 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 9 - Bank Holding Companies|Section 5-905 - Approval of Application -- Factors Considered; Limitations

    (a)    In deciding whether to approve an application under § 5-904 of this subtitle, the Commissioner shall consider whether the acquisition:        (1)    May be detrimental to the safety and soundness of the Maryland bank or Maryland bank holding company to be acquired; or        (2)    May result in an undue concentration of resources or a substantial reduction of competition in the State.    (b)    Except as provided in this section, the Commissioner may not approve an acquisition if on consummation of the transaction the applicant, including any insured depository institution affiliate of the applicant, would control 30 percent or more of the total amount of deposits of insured depository institutions in the State.    (c)    The Commissioner may by regulation adopt a procedure by which the 30 percent deposit limit may be waived for good cause.
MD. Financial Institutions Code Ann. §  5-906 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 9 - Bank Holding Companies|Section 5-906 - Approval of Application -- Time Limits

    (a)    The Commissioner shall decide whether to approve an application under § 5-904 of this subtitle within 60 days of receipt of a completed application.    (b)    An application shall be deemed approved if the Commissioner takes no action on the application within the time limits specified in this section.
MD. Financial Institutions Code Ann. §  5-907 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 9 - Bank Holding Companies|Section 5-907 - Reports

    (a)    To the extent specified by the Commissioner by regulation or written request, each bank holding company that controls a Maryland bank or a Maryland bank holding company shall submit to the Commissioner:        (1)    Copies of reports filed for the preceding calendar year with a bank supervisory agency by each Maryland bank controlled by the bank holding company; and        (2)    A report specifying as of the end of the preceding calendar year, for each branch of each Maryland bank controlled by the bank holding company:            (i)    The location; and            (ii)    The amount of deposits held.    (b)    The reports specified in subsection (a) of this section:        (1)    May consist of a copy of a report filed with another bank supervisory agency that contains substantially similar information; and        (2)    May not be requested by the Commissioner unless the Commissioner determines that the information is not available from another bank supervisory agency.    (c)    At the request of the Commissioner, to the extent permitted by applicable State or federal law, each bank holding company that controls a Maryland bank or a Maryland bank holding company shall provide to the Commissioner copies of reports of examination prepared by any bank supervisory agency in connection with the examination of any Maryland bank.
MD. Financial Institutions Code Ann. §  5-908 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 9 - Bank Holding Companies|Section 5-908 - Enforcement

    The Commissioner may enforce the provisions of this subtitle by any appropriate action in the circuit courts of the State, including actions for injunctive relief and for divestment.
MD. Financial Institutions Code Ann. §  5-910 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 9 - Bank Holding Companies|Section 5-910 - Severability

    If any provision of this subtitle or the application thereof to any person or circumstance is held invalid for any reason in a court of competent jurisdiction, the invalidity does not affect other provisions or any other application of this subtitle that can be given effect without the invalid provision or application.
MD. Financial Institutions Code Ann. §  5-1001 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1001 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Affiliate” means any company that controls, is controlled by, or is under common control with another company.    (c)    “Bank” has the meaning stated in the Federal Deposit Insurance Act, 12 U.S.C. § 1813(a)(1).    (d)    “Bank supervisory agency” means:        (1)    The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, or any successor to these agencies; or        (2)    An agency of another state with primary responsibility for chartering and supervising banks.    (e)    (1)    “Branch” means a bank office open to the public at which deposits are received, checks are paid, or money is lent.        (2)    “Branch” includes a mobile branch or other special-purpose facility that performs a function of a branch.        (3)    “Branch” does not include an automated teller machine as defined in § 1-401 of this article.    (f)    “Commercial activities” means activities in which a bank holding company, a financial holding company, a national bank, or a national bank financial subsidiary may not engage under federal law.    (g)    “De novo branch” means a branch of an out-of-state bank or banking institution that:        (1)    Is originally established by the out-of-state bank or banking institution as a branch; and        (2)    Does not become a branch of the out-of-state bank or banking institution as a result of:            (i)    The acquisition by the out-of-state bank or banking institution of an insured depository institution or a branch of an insured depository institution; or            (ii)    The conversion, merger, or consolidation of an insured depository institution or a branch of an insured depository institution.    (h)    “Home state” means:        (1)    As to a national banking association, the state in which its main office is located; and        (2)    As to a state-chartered bank, the state by which it is chartered.    (i)    “Home state regulator” means the agency in a bank’s home state with primary responsibility for chartering and regulating banks.    (j)    “Host state” means a state, other than the home state of a bank, in which the bank maintains or seeks to establish a branch.    (k)    “Insured depository institution” means any financial institution the deposits of which are insured by the Federal Deposit Insurance Corporation.    (l)    “National banking association” means a bank chartered under the National Bank Act.    (m)    “Other-state bank” means a bank chartered and primarily regulated by another state.    (n)    “Out-of-state bank” means:        (1)    A national banking association with its main office in a state other than this State; or        (2)    An other-state bank.
MD. Financial Institutions Code Ann. §  5-1002 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1002 - Scope of Subtitle

    This subtitle sets forth the conditions under which:         (1)    An out-of-state bank may establish branches in this State; and        (2)    A banking institution may establish branches within or outside this State.
MD. Financial Institutions Code Ann. §  5-1003 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1003 - Establishment of Branch -- in Maryland

    (a)    A banking institution or an out–of–state bank may establish a branch in this State by:        (1)    Subject to subsection (b) of this section, opening a de novo branch;        (2)    Purchasing an existing branch from a bank or an insured depository institution; or        (3)    Converting former headquarters or retaining former branches following:            (i)    The purchase of all or substantially all of the assets of a bank or an insured depository institution; or            (ii)    A merger or a consolidation with a bank or an insured depository institution.    (b)    An out–of–state bank may establish a de novo branch in this State under subsection (a)(1) of this section only if the home state of the out–of–state bank allows a banking institution to open a de novo branch in its state.    (c)    A banking institution or an out–of–state bank may not establish or maintain a branch in this State on the premises or property of an affiliate if the affiliate engages in commercial activities.
MD. Financial Institutions Code Ann. §  5-1004 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1004 - Establishment of Branch -- in Another State

    A banking institution may establish a branch in another state by any means permitted by the laws of that state or by federal law.
MD. Financial Institutions Code Ann. §  5-1005 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1005 - Establishment of Branch -- Prerequisites

    (a)    Except as provided in subsection (b) of this section, a banking institution that proposes to establish a branch in this State or in another state shall:        (1)    File with the Commissioner, at least 30 days before the intended opening date, a notice of intention to open a branch; and        (2)    Submit to the Commissioner any information the Commissioner requires in order to evaluate the proposed branch.    (b)    A well–capitalized banking institution with a composite CAMELS rating of one or two may establish a branch in this State by filing with the Commissioner an expedited notice, in the form that the Commissioner requires, at least 30 days before the intended opening date.
MD. Financial Institutions Code Ann. §  5-1006 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1006 - Approval of Branch -- Considerations

    (a)    Subject to subsection (b) of this section, in deciding whether to approve a branch of a banking institution, the Commissioner shall consider:        (1)    If the branch is to be established in this State, whether the establishment of the branch will promote the public convenience;        (2)    Whether the applicant has sufficient capital to support the branch; and        (3)    Whether the applicant is generally operating in compliance with the provisions of this article.    (b)    (1)    Subject to paragraph (2) of this subsection, a well–capitalized banking institution with a composite CAMELS rating of one or two may open a branch in this State without the approval of the Commissioner 30 days after filing an expedited notice for the proposed branch under § 5–1005(b) of this subtitle.        (2)    The Commissioner may:            (i)    Require the submission of additional information regarding the proposed establishment of a branch during the 30–day period that the expedited notice is pending; and            (ii)    Prohibit the establishment of the branch within the 30–day period if the Commissioner determines that establishment of the branch is not consistent with the standards set forth in subsection (a) of this section.
MD. Financial Institutions Code Ann. §  5-1007 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1007 - Approval of Branch -- Time Limitations

    (a)    The Commissioner shall decide whether to approve the establishment of a branch of a banking institution within 30 days of receipt of the notice specified in § 5-1005 of this subtitle.    (b)    A branch shall be deemed approved if the Commissioner takes no action on the notice within the time limit specified in this section.
MD. Financial Institutions Code Ann. §  5-1008 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1008 - Powers and Rights of Branches; Engaging in Business With Banks

    (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 Commissioner determines that the exercise of a power or right would threaten the safety and soundness of the banking institution.    (b)    An other-state bank that establishes a branch in this State may exercise at the branch all powers and rights permitted to banking institutions in this State notwithstanding any other law of this State to the contrary, unless that bank’s home state regulator determines that the exercise of a power or right would threaten the safety and soundness of the other-state bank.    (c)    Any person authorized by a law of this State to engage in business with banks located in this State, including the making of deposits, is authorized to engage in the same business with an other-state bank at that other-state bank’s branch in this State.
MD. Financial Institutions Code Ann. §  5-1009 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1009 - Examinations and Supervision

    (a)    Subject to § 5-1012 of this subtitle, the 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 Commissioner may examine a branch of a banking institution.    (b)    The 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 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 Commissioner and the home state regulators.
MD. Financial Institutions Code Ann. §  5-1010 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1010 - Enforcement Actions

    (a)    Subject to § 5-1012 of this subtitle, if the Commissioner finds that a branch of an other-state bank in this State is being operated in an unsafe or unsound manner or there is any violation of Maryland law by the branch of the other-state bank, the Commissioner may undertake enforcement actions as otherwise authorized under provisions in this article governing banking institutions.    (b)    The Commissioner may enter into joint enforcement actions with other bank supervisory agencies having concurrent jurisdiction over an other-state bank that has a branch in this State.
MD. Financial Institutions Code Ann. §  5-1011 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1011 - Reports of Condition and Income

    Subject to § 5-1012 of this subtitle, the Commissioner may require a bank that maintains a branch in this State to submit to the Commissioner its consolidated reports of condition and income in the form specified by the Federal Financial Institutions Examination Council.
MD. Financial Institutions Code Ann. §  5-1012 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 10 - Branch Banking|Section 5-1012 - Cooperation With Other State or Federal Regulators

    With respect to the supervision, enforcement, and reporting requirements of §§ 5-1009, 5-1010, and 5-1011 of this subtitle, the Commissioner shall act primarily in cooperation with the home state regulator or federal regulator of the affected out-of-state bank.