reglab/housing_qa huggingface dataset:
MD. Financial Institutions Code Ann. §  5-101 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 1 - Definitions|Section 5-101 - Definitions

    (a)    In this title the following words have the meanings indicated.    (b)    “CAMELS” means the composite rating adopted by the federal Financial Institutions Examination Council to evaluate the adequacy of capital, quality of assets, capability of management, quality and level of earnings, adequacy of liquidity, and sensitivity to market risk.    (c)    “Capital stock” includes both common and preferred stock of a commercial bank.    (d)    “Examiner” means:        (1)    The Commissioner; and        (2)    An individual whom the Commissioner designates as examiner.    (e)    “Federal banking authority” means, as the context requires:        (1)    The Federal Deposit Insurance Corporation;        (2)    The Federal Reserve Bank of Richmond; or        (3)    Any other appropriate federal banking authority.    (f)    “Nondepository trust company” means a trust company that is not insured by the Federal Deposit Insurance Corporation.    (g)    “Savings bank” means an institution that:        (1)    Is incorporated under the laws of this State as a savings bank; and        (2)    Engages only in the business of savings banking.    (h)    “Trust company” means an institution that is incorporated under the laws of this State as a trust company.
MD. Financial Institutions Code Ann. §  5-201 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 2 - Examinations and Reports|Section 5-201 - Examination of Institution

    (a)    An examiner shall visit each banking institution and examine its business:        (1)    At least once during each calendar year, unless the Commissioner determines that, during a calendar year, an examination is unnecessary, in which event an examination shall occur no less frequently than once every 18 months;        (2)    When asked to do so by the board of directors of the institution; or        (3)    At any other time that the Commissioner considers necessary.    (b)    The examiner shall determine:        (1)    The condition of the institution; and        (2)    Whether it is complying with the law.    (c)    During an examination, the examiner, in the presence of an officer of the banking institution, shall have access to all of the vaults and records of the institution.
MD. Financial Institutions Code Ann. §  5-202 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 2 - Examinations and Reports|Section 5-202 - Examination of Witnesses

    (a)    The Commissioner or deputy Commissioner may:        (1)    Summon any officer, manager, trustee, employee, or agent of any banking institution and any other witness that the Commissioner thinks proper;        (2)    Administer an oath to that person; and        (3)    Question that person about the affairs of the institution.    (b)    The Commissioner or deputy Commissioner may not delegate the powers granted by subsection (a) of this section.    (c)    (1)    A person may not:            (i)    Obstruct the Commissioner or any person acting for the Commissioner in the performance of the duties of the Commissioner; or            (ii)    Refuse to appear or testify without good cause when summoned under this section.        (2)    Any person who violates any provision of this subsection is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $1,000 or imprisonment not exceeding 1 year or both.
MD. Financial Institutions Code Ann. §  5-203 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 2 - Examinations and Reports|Section 5-203 - Annual Assessments on Banking Institutions

    (a)    The Commissioner shall impose annual assessments on each banking institution as provided in this section, to cover the expense of regulating banking institutions.    (b)    (1)    Except as provided in paragraph (2) of this subsection, the Commissioner shall assess each banking institution the sum of:            (i)    $8,000; plus            (ii)    1.    12 cents for each $1,000 of the assets of the institution over $50,000,000, but not more than $250,000,000;                2.    10 cents for each $1,000 of assets over $250,000,000, but not more than $500,000,000;                3.    9 cents for each $1,000 of assets over $500,000,000, but not more than $1,000,000,000;                4.    8 cents for each $1,000 of assets over $1,000,000,000, but not more than $10,000,000,000; and                5.    7 cents for each $1,000 of assets over $10,000,000,000.        (2)    If a banking institution is not in the business of accepting deposits or retaining funds in a deposit account as defined in § 5–509 of this title, the Commissioner shall assess the banking institution the sum of:            (i)    $5,000; plus            (ii)    1.    0.3 cents for each $1,000 of managed assets held in a fiduciary capacity up to $5,000,000,000;                2.    0.2 cents for each $1,000 of managed assets held in a fiduciary capacity over $5,000,000,000, but not more than $20,000,000,000;                3.    0.1 cent for each $1,000 of managed assets held in a fiduciary capacity over $20,000,000,000 up to $27,500,000,000;                4.    0.2 cents for each $1,000 of nonmanaged and custodial assets held in a fiduciary capacity up to $5,000,000,000; and                5.    0.1 cent for each $1,000 of nonmanaged and custodial assets held in a fiduciary capacity over $5,000,000,000 up to $20,000,000,000.        (3)    The assessments shall be based on assets stated in a banking institution’s most recent financial report.    (c)    Notwithstanding subsection (b) of this section, for a banking institution with a composite CAMELS rating of 3, 4, or 5 for its most recent examination, the annual assessment imposed under this section shall be increased by an additional 25%.    (d)    A banking institution shall pay the assessment imposed under this section to the Commissioner on or before the April 15 after it is imposed.
MD. Financial Institutions Code Ann. §  5-204 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 2 - Examinations and Reports|Section 5-204 - Acceptance of Federal Examination

    Instead of making an examination under this subtitle, the Commissioner may accept a copy of the report of a reasonably recent examination of the banking institution by a federal banking authority.
MD. Financial Institutions Code Ann. §  5-205 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 2 - Examinations and Reports|Section 5-205 - Independent Audits

    The directors of a banking institution shall have a certified public accountant audit the institution at least once every 5 years.
MD. Financial Institutions Code Ann. §  5-206 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 2 - Examinations and Reports|Section 5-206 - Reports of Financial Condition -- in General

    (a)    At least twice a year, the Commissioner shall ask every banking institution to submit a financial report that shows in detail the assets and liabilities of the institution as of the close of the business day that the Commissioner specifies.    (b)    The Commissioner shall:        (1)    Provide forms that conform as closely as practicable to the forms that the federal banking authorities use; or        (2)    Accept from a banking institution a copy of a reasonably recent report that the institution submitted to a federal banking authority.    (c)    (1)    Within 30 days after a banking institution receives the request for a financial report, the institution shall submit the report.        (2)    Each report shall be signed and verified by the president, vice president, cashier, or treasurer of the banking institution.    (d)    Upon the written request of a banking institution, the Commissioner may permit the financial reports required by this section to be electronically submitted provided that:        (1)    The appropriate federal banking authority has approved electronic submission of the report as satisfactory for its requirements;        (2)    The report is submitted through a federally approved vendor; and        (3)    The banking institution retains, for at least 2 years, a copy of the report, signed and verified by the president, vice president, cashier, or treasurer of the banking institution.
MD. Financial Institutions Code Ann. §  5-206.1 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 2 - Examinations and Reports|Section 5-206.1 - Documents Submitted by Banking Institutions and National Banking Associations

    (a)    Within 30 days of receipt, a national banking association located in the State, a banking institution, or an other-state bank that maintains a branch in this State shall submit to the Commissioner 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, institution, or bank, together with a copy of any written response to the evaluation prepared by the association, institution, or bank for its public Community Reinvestment Act file.    (b)    (1)    Upon request, the Commissioner shall make available to the public a copy of the documents submitted under this section.        (2)    The Commissioner 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. §  5-207 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 2 - Examinations and Reports|Section 5-207 - Reports of Financial Condition -- Special Reports

    (a)    At any time that the Commissioner considers necessary, the Commissioner may ask a banking institution or an other-state bank that maintains a branch in this State to submit a special financial report.    (b)    Each report under this section shall be made in the same manner as provided in § 5-206 of this subtitle.
MD. Financial Institutions Code Ann. §  5-208 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 2 - Examinations and Reports|Section 5-208 - Civil Penalty for Failure to Make Report

    (a)    If a banking institution or an other–state bank fails to make any report or submit proof of publication as required by this article, the banking institution or other–state bank is subject, in the discretion of the Commissioner, to a civil penalty not exceeding $500 for each day that the report or proof is overdue.    (b)    The Commissioner may institute proceedings to enforce this section.
MD. Financial Institutions Code Ann. §  5-210 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 2 - Examinations and Reports|Section 5-210 - Access to Records

    An examiner shall have access to all the records of a subsidiary savings bank, its mutual holding company, or other related entity including the records of any controlling person, director, officer, agent, or employee of the subsidiary savings bank, its mutual holding company, or other related entity that relate to the business of the subsidiary savings bank, its mutual holding company, or other related entity.
MD. Financial Institutions Code Ann. §  5-301 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 3 - Deposits|Section 5-301 - Time Account Services

    Any banking institution may offer time account services to its customers.
MD. Financial Institutions Code Ann. §  5-305 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 3 - Deposits|Section 5-305 - Deposits by Minors

    If a deposit in a banking institution is made by and in the name of a minor:         (1)    The institution shall hold the money for the exclusive benefit of the minor or that minor’s creditors;        (2)    The minor may withdraw money from the account; and        (3)    A receipt signed by the minor discharges the institution for the withdrawal.
MD. Financial Institutions Code Ann. §  5-306 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 3 - Deposits|Section 5-306 - Adverse Claim to Property Held by Bank

    (a)    Except as provided in subsection (b) of this section, a banking institution is not required to recognize or take any action on any claim to a deposit or to money or property held by it or contained in a safe-deposit box, if that claim is adverse to the interests of any person who, on its records, appears to be entitled to the deposit, money, or property.    (b)    If, in an action to which the adverse claimant is a party, a court order or decree involving a claim to the deposit, money, or property is served on the banking institution, the banking institution may or, if required by the court, shall impound the deposit, money, or property, subject to further order of the court, without any liability on its part to anyone for doing so.
MD. Financial Institutions Code Ann. §  5-307 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 3 - Deposits|Section 5-307 - Liability for Loss of Check

    A banking institution is liable to the depositor for the loss of any check that the institution loses or misplaces before the check clears the clearinghouse.
MD. Financial Institutions Code Ann. §  5-308 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 3 - Deposits|Section 5-308 - Service Charges Prohibited if Withdrawals Restricted

    A banking institution may not impose a service charge on any deposit if withdrawals are restricted by law or by any rule or regulation of the Commissioner.
MD. Financial Institutions Code Ann. §  5-309 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 3 - Deposits|Section 5-309 - 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 banking institution, the banking institution 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 banking institution:        (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. §  5-310 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 3 - Deposits|Section 5-310 - Month and Year Account Opened to Appear on Checks; Exceptions

    (a)    Any checks provided directly or indirectly by a banking institution or trust company for use in connection with a personal checking account shall have the numerical month and year in which the account was opened printed on the face of the checks, except as provided in subsection (b) of this section.    (b)    The provisions of subsection (a) of this section shall not apply under certain conditions:        (1)    If an individual personal checking account is closed at a particular bank and a joint personal account is opened at the same bank, that includes one of the customers who previously had the individual personal account, then the numerical month and year printed on the face of the checks shall be the numerical month and year in which the individual personal account was established.        (2)    If a joint personal account is closed at a particular bank and an individual personal account is opened at the same bank by one of the customers who previously was included under the joint account, then the numerical month and year printed on the face of the checks shall be the numerical month and year in which the joint account was established.        (3)    If a customer with an individual personal account or with a joint personal account opens an additional account at the same bank, then the numerical month and year printed on the face of the checks shall be the numerical month and year in which the initial account was established.        (4)    In the case of a personal checking account that is closed and a new personal checking account opened simultaneously on the advice of the bank, the checks for the new account shall have the numerical month and year in which the closed account was originally opened printed on the face of the checks.        (5)    If the closed account was opened prior to July 1, 1987, a date is not required to be printed on the checks.    (c)    A check, draft, or order provided on the opening of any personal checking account for use by the customer until printed checks have been prepared is not required to have the numerical month and year in which the account was opened printed on the face of the check, draft, or order.    (d)    (1)    The banking institution and the check printer may not be held liable for unintentional errors in the month and year printed on the face of the checks.        (2)    The customer may not be charged for the reprinting of the checks when the checks are reprinted due to error in the month and year printed on the face of the checks.
MD. Financial Institutions Code Ann. §  5-401 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 4 - Affiliates and Bank Service Corporations|Section 5-401 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Affiliate” means any association, corporation, business trust, statutory trust, or other similar organization that:        (1)    Is not a bank service corporation and is controlled by a banking institution through:            (i)    Direct or indirect ownership or control of more than 50 percent of the voting rights;            (ii)    Control of the election of a majority of the management;            (iii)    Direct or indirect ownership or control of more than 50 percent of the voting rights exercised at the last election of the management;            (iv)    Directors of the banking institution constituting a majority of the management of the organization; or            (v)    Any direct or indirect control by stockholders of the banking institution, if the stockholders own or control:                1.    More than 50 percent of the voting rights in the banking institution; or                2.    More than 50 percent of the voting rights exercised at the last election of directors of the banking institution; or        (2)    Controls a banking institution through:            (i)    Direct or indirect ownership or control of more than 50 percent of the voting rights;            (ii)    Control of the election of a majority of the directors of the banking institution;            (iii)    Direct or indirect ownership or control of more than 50 percent of the voting rights exercised at the last election of the directors; or            (iv)    The holding of substantially all of the capital stock of the banking institution by trustees for stockholders of the organization.    (c)    “Bank service corporation” means a corporation:        (1)    At least some of the stock of which is owned by a banking institution; and        (2)    That is organized to perform bank service corporation activities of the type permitted under applicable provisions of Title 12 of the United States Code to a bank service corporation owned exclusively by national banking associations.    (d)    “Management” means the directors, trustees, or other persons exercising similar functions of an association, corporation, business trust, statutory trust, or other similar organization.
MD. Financial Institutions Code Ann. §  5-402 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 4 - Affiliates and Bank Service Corporations|Section 5-402 - Scope of Subtitle

    This subtitle does not:         (1)    Affect any affiliate, if the affiliation existed on June 1, 1935; or        (2)    Apply to a purchase by a banking institution of the stock of a small business investment company under the federal Small Business Investment Act of 1958, except that the value at which the purchased shares are carried on the books of the banking institution may not exceed 2 percent of its unimpaired capital and surplus.
MD. Financial Institutions Code Ann. §  5-404 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 4 - Affiliates and Bank Service Corporations|Section 5-404 - Examination of Affiliate

    The Commissioner has the same authority to examine the business of an affiliate that the Commissioner has as to a banking institution.
MD. Financial Institutions Code Ann. §  5-405 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 4 - Affiliates and Bank Service Corporations|Section 5-405 - Bank Service Corporation

    (a)    Except as provided in this section, or otherwise expressly provided by State law, a banking institution may not have a bank service corporation.    (b)    If the Commissioner approves, a banking institution may have a bank service corporation.    (c)    On application of the banking institution, a bank service corporation shall be approved if:        (1)    The Commissioner determines that approval is:            (i)    Reasonably required to protect the welfare of the general economy of the State and of the banking institution; and            (ii)    Not detrimental to the public interest or to the banking institution;        (2)    The approval imposes the same conditions that federal law requires or permits as to a bank service corporation owned exclusively by national banking associations; and        (3)    The transaction complies with the rules, regulations, and conditions that the Commissioner adopts.    (d)    This section does not apply to any bank service corporation organized before July 1, 1984.
MD. Financial Institutions Code Ann. §  5-406 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 4 - Affiliates and Bank Service Corporations|Section 5-406 - Bank Service Corporation -- Examination

    The Commissioner has the same authority to examine the business of a bank service corporation that the Commissioner has as to a banking institution.