reglab/housing_qa huggingface dataset:
MD. Financial Institutions Code Ann. §  9-102 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 1 - Definitions; General Prohibition|Section 9-102 - General Prohibition

    (a)    Only a corporation that complies with this title and § 1-201 of this article may conduct the business of a savings and loan association or do business under any name or make any representation that implies that it is a savings and loan association.    (b)    On application by the Division Director, a court of competent jurisdiction may issue an injunction to restrain any person from violating this section.    (c)    Any person who is convicted of knowingly or willfully violating subsection (a) of this section is subject to imprisonment in the penitentiary for not more than 10 years for each offense, or a fine of not more than $100,000 for each offense, or both.    (d)    This section does not apply to the use of a similar name by any corporation or association formed only to promote the interests of savings and loan associations, the membership of which is made up of savings and loan associations, their officers, or other representatives.
MD. Financial Institutions Code Ann. §  9-501 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 5 - Supervision of Records of Associations|Section 9-501 - "Savings and Loan Association" Defined

    In this subtitle, “savings and loan association” includes a service company or related entity of a savings and loan association.
MD. Financial Institutions Code Ann. §  9-503 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 5 - Supervision of Records of Associations|Section 9-503 - Access to Records

    The Division Director and any examiner from, or agent of, the Division of Savings and Loan Associations shall have access to all the records of a savings and loan association, or related entity including the records of any controlling person, director, officer, agent, or employee of the association or related entity that relate to the business of the association or related entity.
MD. Financial Institutions Code Ann. §  9-504 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 5 - Supervision of Records of Associations|Section 9-504 - Confidentiality of Records

    (a)    Except as provided in this section, the Division Director and any authorized representative of the Division Director shall keep confidential any information about a savings and loan association and its business that is:        (1)    Obtained in an examination of or report by a savings and loan association; or        (2)    Reported to the Division Director by a federal or State regulatory or insuring agency.    (b)    This section does not apply to information disclosed:        (1)    In performing a public duty to report and take official action about the business of a savings and loan association;        (2)    As required by law; or        (3)    As collected general or statistical information about associations.    (c)    If the Division Director considers it to be in the public interest, the results of an examination of or report by a savings and loan association may be published in a newspaper of general circulation in any political subdivision where the association is located or doing business.    (d)    This section does not apply to a proper exchange of information about a savings and loan association and its business that is exchanged between the Division Director and the State of Maryland Deposit Insurance Fund Corporation, the Federal Home Loan Bank Board, the Federal Savings and Loan Insurance Corporation, or any similar agency that regulates or insures the business of savings and loan associations, the Attorney General’s Office, the Maryland Department of Labor, and the Office of the Governor of Maryland.    (e)    Upon the request of a standing committee of the General Assembly with subject matter jurisdiction, the Division Director shall provide the standing committee with necessary confidential information.
MD. Financial Institutions Code Ann. §  9-505 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 5 - Supervision of Records of Associations|Section 9-505 - Documents Submitted by a Federal Association or a Savings and Loan Association

    (a)    Within 30 days of adoption, a federal association located in the State or a savings and loan association shall submit to the Director a copy of its most recently adopted federal Community Reinvestment Act statement.    (b)    Within 30 days of receipt, the association shall submit to the Director a copy of the public portion of its most recent Community Reinvestment Act performance evaluation prepared by the federal regulatory agency that examines the association, together with a copy of any written response to the evaluation prepared by the association for its public Community Reinvestment Act file.    (c)    (1)    Upon request, the Director shall make available to the public a copy of the documents submitted under this section.        (2)    The Director may charge a reasonable fee to a person requesting a copy to help defray the costs of providing copies of the documents to the public.
MD. Financial Institutions Code Ann. §  9-801 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 8 - Foreign Associations|Section 9-801 - "Foreign Association" Defined

    In this subtitle, “foreign association” means any savings and loan association other than:         (1)    A savings and loan association incorporated under the laws of this State; or        (2)    A savings and loan association incorporated under the laws of the United States that has its principal office in this State.
MD. Financial Institutions Code Ann. §  9-802 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 8 - Foreign Associations|Section 9-802 - General Prohibition; Exceptions

    (a)    Except as provided under subsection (b) of this section, a foreign association or a savings and loan association that maintains its principal office outside this State may not:        (1)    Have an office for business in this State except for an office that was open for business in this State before June 1, 1955;        (2)    Have an electronic terminal in this State; or        (3)    Be admitted to do business in this State.    (b)    The prohibitions under subsection (a) of this section may not apply to any foreign association that:        (1)    (i)    In furtherance of an agreement with the State of Maryland Deposit Insurance Fund Corporation entered into on or before January 1, 1987, becomes a successor in interest to an association that:                1.    Was not federally insured on or before May 18, 1985;                2.    Was a “major association”, as defined under Title 10 of this article, on or before May 19, 1985; and                3.    Is not federally insured on or before April 1, 1986; and            (ii)    Operates the association as a federal association in this State;        (2)    Makes an acquisition in accordance with the provisions of Subtitle 10 of this title; or        (3)    Was operating an office for business in this State on July 1, 1987, in accordance with applicable State or federal law.
MD. Financial Institutions Code Ann. §  9-803 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 8 - Foreign Associations|Section 9-803 - Relocation of Permitted Office

    (a)    Subject to § 9-309 of this title and the approval of the Division Director, a foreign association or any savings and loan association that maintains its principal office outside this State may relocate an existing office in this State if:        (1)    The office was open on or before March 1, 1955; and        (2)    The relocation is within:            (i)    The same county; and            (ii)    A one-mile radius of the office to be relocated.    (b)    Any aggrieved foreign association or savings and loan association that applies to relocate its office under subsection (a) of this section may appeal a final order of the Division Director to the Circuit Court for Baltimore City.
MD. Financial Institutions Code Ann. §  9-804 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 8 - Foreign Associations|Section 9-804 - Activities Not Considered Doing Business

    (a)    For the purposes of this article and the Corporations and Associations Article, in addition to the activities listed in §§ 7–103 and 7–104 of the Corporations and Associations Article, the following activities of a foreign association do not constitute doing business or having tax situs in this State:        (1)    Making or investing in loans on property in this State;        (2)    Purchasing, acquiring, holding, selling, assigning, transferring, collecting, or enforcing by foreclosure or otherwise any whole or partial interest in any obligation secured by a mortgage or similar instrument, covering property in this State; or        (3)    Employing an attorney, surveyor, or appraiser in connection with any activity permitted by this section or the servicing and collection of any investment in this State through a corporation that is authorized to do business in this State.    (b)    Nothing in this section exempts a foreign corporation from the licensing requirements of Title 11, Subtitle 5 of this article.
MD. Financial Institutions Code Ann. §  9-805 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 8 - Foreign Associations|Section 9-805 - Examination of Offices

    Except for a foreign association incorporated under the laws of the United States, the Division Director may examine the Maryland offices of any foreign association as provided in Subtitle 5 of this title.
MD. Financial Institutions Code Ann. §  9-901 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-901 - Membership in Maryland Deposit Insurance Fund or Federal Savings and Loan Insurance Corporation

    A savings and loan association shall become and participate as a member in and have its savings accounts insured by the Maryland Deposit Insurance Fund Corporation or the Federal Savings and Loan Insurance Corporation. If membership in both corporations ceases, the association shall be placed in receivership in accordance with § 9-708 of this title.
MD. Financial Institutions Code Ann. §  9-902 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-902 - Notice of Rejection of Application for Residential Mortgage

    If a savings and loan association rejects an application for a residential mortgage, the association shall give the applicant, on request, written notice of the rejection.
MD. Financial Institutions Code Ann. §  9-903 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-903 - Mortgage Insurance Premiums

    If a savings and loan association holds a first mortgage on residential property, and the mortgage is partially insured by a private mortgage insurance company, the association shall eliminate all charges to the mortgagor for mortgage insurance premiums when the mortgage is reduced to the level at which the federal Homeowners Protection Act of 1998 requires termination of the private mortgage insurance insuring the mortgage.
MD. Financial Institutions Code Ann. §  9-904 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-904 - Exemption From Blue Sky Law

    The sale of savings accounts of any savings and loan association in this State is exempt from all provisions of law of this State that provide for the supervision and regulation of the sale of securities. The sale of any accounts does not require any action by any official who supervises the sale of securities.
MD. Financial Institutions Code Ann. §  9-905 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-905 - Promotional Activities; Advertising

    (a)    The Division Director shall regulate promotional activities by savings and loan associations.    (b)    An association may not publish or cause to be published any misleading advertisement, notice, or announcement of any type or format.
MD. Financial Institutions Code Ann. §  9-906 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-906 - Loans Conditioned on Certain Transactions Prohibited

    An association or related entity may not require as a condition of making a loan that the borrower contract with any specific individual, corporation, business entity, or organization for particular services.
MD. Financial Institutions Code Ann. §  9-908 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-908 - Termination of Certain Provisions of This Title

    Subject to the evaluation and reestablishment provisions of the Program Evaluation Act, the provisions of this title that relate to the Division of Savings and Loan Associations and that relate to the regulation of savings and loan associations are of no effect and may not be enforced after July 1, 1992.
MD. Financial Institutions Code Ann. §  9-909 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-909 - Notice

    (a)    In this section, “payor institution” means a bank, credit union, or savings and loan association by which an item is payable as drawn or accepted.    (b)    As to each account of each depositor in a savings and loan association, the savings and loan association shall give to the customer, on opening of the account and on any later demand of the customer, written notice of the time after which the funds represented by an item deposited to the account shall be available for withdrawal as of right, for each of the situations where the association:        (1)    Is also the payor institution;        (2)    Is located in the same state as the payor institution; and        (3)    Is located in a different state from that in which the payor institution is located.    (c)    The notice shall also state the time after which the funds represented by an item become available for withdrawal as of right where the item is issued by:        (1)    The Maryland State Government or any agency thereof;        (2)    The United States Treasury; and        (3)    Any agency of the federal government.    (d)    The notice shall be printed in type no smaller than elite typewriter characters.
MD. Financial Institutions Code Ann. §  9-911 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-911 - Persons Convicted of Crime

    (a)    Except with the written consent of the Division Director, a person who has been convicted, or who is convicted, of any crime involving dishonesty or a breach of trust, may not ever serve as an officer or director of an association.    (b)    However, the pendency of an appeal from the conviction stays the operation of the prohibition of subsection (a) of this section until the appeal is decided or dismissed.
MD. Financial Institutions Code Ann. §  9-912 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-912 - Civil Penalties; Directors, Officers, Employees, and Controlling Persons

    (a)    (1)    Any director, officer, controlling person, or employee of a savings and loan association or related entity who is found to have violated any provision of this title or Title 8 of this article, whether willfully or as a result of gross negligence or recklessness, may be ordered to pay a civil penalty to the State of up to $10,000 for each violation.        (2)    In determining the amount of financial penalty to be imposed, the Division Director shall consider the following:            (i)    The seriousness of the violation;            (ii)    The good faith of the violator;            (iii)    The violator’s history of previous violations;            (iv)    The deleterious effect of the violation on the public and the savings and loan industry; and            (v)    The assets of the violator.    (b)    Prior to assessing a civil penalty, the Division Director shall serve by certified mail, return receipt requested, on the person to be charged, a notice containing:        (1)    The specifications of the charge; and        (2)    The time and place for a hearing to be held with respect to the charges, which may be not less than 20 days from the date of mailing the notice.    (c)    The Division Director shall conduct a hearing on the charges in accordance with the terms of § 8-402 of this article and rules adopted by the Division Director.    (d)    Following the hearing, or if the person charged does not appear, following the date of the hearing, the Division Director shall issue a final order pursuant to § 8-402 of this article.    (e)    An appeal may be taken from a final order of the Division Director to the Circuit Court for Baltimore City.    (f)    In addition to any of the other penalties and remedies set forth in this section, any person who is found to have financially gained from the violation of any provision of this title or Title 8 of this article, or regulations adopted by the Division Director, shall be required to forfeit the gain.    (g)    This section may not be construed to prevent any person damaged by a director, officer, controlling person, or employee of an association from bringing a separate cause of action in a court of competent jurisdiction.
MD. Financial Institutions Code Ann. §  9-913 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-913 - Criminal Penalties

    (a)    Except as otherwise provided in this section and in this title, any violation of any provision of this title or any regulation adopted in accordance with this title by a director, officer, controlling person, or employee of an association is punishable by a fine not to exceed $10,000, or imprisonment in the penitentiary for not more than 18 months, or both.    (b)    (1)    In addition to any of the remedies provided by this title or Title 8 of this article, the willful omission, making, or concurrence in making or publishing a written report, exhibit, or entry in a financial statement on the books of the association, which contains a material statement known to be false, upon conviction, is punishable by a fine not more than $100,000, or imprisonment in the penitentiary for not more than 10 years, or both.        (2)    For purposes of this subsection, “material” means “substantial and important as to influence a reasonable and prudent businessman or investor”.    (c)    In addition to any other remedies provided by this title or Title 8 of this article, the knowing declaration of a dividend in violation of § 9–324 of this title, upon conviction, is punishable by a fine not more than $100,000, or imprisonment in the penitentiary for not more than 10 years, or both.    (d)    Any officer, director, controlling person, agent, or employee of an association who makes a loan for his own use and benefit with an attempt to conceal that from the Division of Savings and Loan Associations, upon conviction, shall be fined not more than $100,000, or imprisoned in the penitentiary for not more than 10 years, or both.    (e)    Any officer, director, controlling person, agent, or employee connected in any capacity with an association who makes a false statement to an employee or agent of the Division of Savings and Loan Associations with the intent to deceive, upon conviction, shall be fined not more than $100,000, or imprisoned in the penitentiary for not more than 10 years, or both.    (f)    Any person who aids or abets any other person in the violation of the provisions of this title or Title 8 of this article as described in subsections (b), (c), (d), and (e) of this section, upon conviction, shall be fined not more than $10,000, or imprisoned in the penitentiary for not more than 1 year, or both.    (g)    The Division Director shall furnish to the Attorney General, or the proper prosecuting attorney, information obtained by the Division Director evidencing a violation of the laws relating to savings and loan associations and related entities.
MD. Financial Institutions Code Ann. §  9-914 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-914 - Withdrawing Funds From Failing Institution

    (a)    A controlling person, officer, or director may not withdraw funds or cause his funds or those of his immediate family or any other depositor to be withdrawn knowing that due to financial difficulties the association is about to suspend operations or go into conservatorship, receivership, reorganization, or liquidation.    (b)    Any controlling person, officer, or director who violates subsection (a) of this section, upon conviction, shall:        (1)    Be sentenced to imprisonment in the penitentiary for not more than 10 years;        (2)    Be fined not more than $100,000; and        (3)    Make full restitution.
MD. Financial Institutions Code Ann. §  9-915 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-915 - Scope of Judicial Review

    (a)    In any appeal of an order of the Division Director under this title or Title 8 of this article, the Division Director shall be considered a party and has the right to appeal any decision to the Court of Special Appeals or petition the Court of Appeals for a writ of certiorari.    (b)    Whether or not a hearing has been held on an order issued by the Division Director, the scope of judicial review of an appeal of an order of the Division Director shall be the same as provided in § 10-215 of the State Government Article.
MD. Financial Institutions Code Ann. §  9-916 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-916 - Indemnification Prohibition

    Notwithstanding any provision of law, a savings and loan association, holding company, or subsidiary may not indemnify any person who is fined under any criminal penalty provision of this title or Title 8 of this article or subject to any civil penalty under this title or Title 8 of this article.