reglab/housing_qa huggingface dataset:
MD. Financial Institutions Code Ann. §  9-917 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-917 - Rules of Construction

    In the interpretation and construction of this title and Title 8 of this article:         (1)    A reference to a statute or to a regulation issued by a government agency includes the statute or regulation with all amendments and supplements to the statute and any new statute or regulation substituted for such statute or regulation, as in force at the time of application of the provision in which such reference is made, unless the specific language or the context of the reference clearly includes only the statute or regulation as in force on the effective date of this section.        (2)    (i)    A power of an association provided in this title and Title 8 of this article that is subject to regulation of the Division Director may be exercised, subject to the provisions of this title and Title 8 of this article, in the absence of such regulation.            (ii)    A power of an association provided in this title and Title 8 of this article that is subject to approval of the Division Director may not be exercised in the absence of such written approval.
MD. Financial Institutions Code Ann. §  9-918 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 9 - Miscellaneous|Section 9-918 - Receiverships Effective June 1, 1992

    On June 1, 1992 any savings and loan association that is chartered under the provisions of this title shall be placed in receivership in accordance with § 9-708 of this title.
MD. Financial Institutions Code Ann. §  9-1002 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 10 - Regional Reciprocal Interstate Savings and Loan Acquisitions|Section 9-1002 - Scope of Subtitle

    (a)    This subtitle sets forth the conditions under which an out-of-state association or out-of-state savings and loan holding company may acquire a Maryland association, a Maryland savings and loan holding company, an interstate association, or an out-of-state savings and loan holding company having a Maryland association subsidiary.    (b)    This subtitle does not authorize any acquisition other than an acquisition by an out-of-state association or an out-of-state savings and loan holding company.
MD. Financial Institutions Code Ann. §  9-1007 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 10 - Regional Reciprocal Interstate Savings and Loan Acquisitions|Section 9-1007 - Powers of Division Director

    (a)    The Division Director may enter into cooperative agreements with any other savings and loan regulatory unit to facilitate the regulation of savings and loan associations and savings and loan holding companies doing business in this State.    (b)    The Division Director may accept reports of examinations and other records from any other unit instead of conducting its own examinations of interstate associations and associations controlled by savings and loan holding companies located in other jurisdictions.    (c)    The Division Director may take any action jointly with any other regulatory unit having concurrent jurisdiction over savings and loan associations and savings and loan holding companies in this State or may take action independently to carry out the responsibilities of the Division Director.    (d)    The Division Director may adopt regulations necessary to carry out the provisions of this subtitle.
MD. Financial Institutions Code Ann. §  9-1009 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 10 - Regional Reciprocal Interstate Savings and Loan Acquisitions|Section 9-1009 - Conversion to or From Federal or Regional Charter; Divestment by Associations Not Federally Chartered

    (a)    An out-of-state association’s status as an out-of-state association shall not be affected by its conversion from a federal charter to a charter issued by a region jurisdiction, or by conversion from a charter issued by a region jurisdiction to a federal charter, so long as the out-of-state association otherwise continues to qualify as an out-of-state association in accordance with § 9-1001(i) of this subtitle.    (b)    An out-of-state association that is not a federally chartered association on and after June 30, 1992 shall divest itself of any deposit-taking offices in Maryland, in accordance with § 9-1006 of this subtitle.
MD. Financial Institutions Code Ann. §  9-1101 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 11 - Mutual Association Conversion to a Credit Union|Section 9-1101 - "Mutual Association" Defined

    In this subtitle, “mutual association” means an association that:         (1)    Is a corporation chartered under the laws of the State as a savings and loan association that does not have the authority to issue capital stock;        (2)    Is insured by the State of Maryland Deposit Insurance Corporation; and        (3)    Has assets of $15,000,000 or less or had total assets of less than $15,000,000 as of May 18, 1985.
MD. Financial Institutions Code Ann. §  9-1102 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 11 - Mutual Association Conversion to a Credit Union|Section 9-1102 - Authority to Convert

    A mutual association may convert to a credit union if:         (1)    Its members approve; and        (2)    Approval is granted by:            (i)    The Division Director; and            (ii)    The Commissioner.
MD. Financial Institutions Code Ann. §  9-1103 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 11 - Mutual Association Conversion to a Credit Union|Section 9-1103 - Meeting of Members

    (a)    If a mutual association wishes to convert to a credit union, the board of directors of the mutual association shall call a meeting of the members of the mutual association for the purpose of considering the proposal to convert.    (b)    The mutual association shall give notice of the meeting as provided in Title 2, Subtitle 5 of the Corporations and Associations Article.
MD. Financial Institutions Code Ann. §  9-1104 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 11 - Mutual Association Conversion to a Credit Union|Section 9-1104 - Member Approval

    A proposed plan of conversion to a credit union shall be approved by a majority vote of the total number of votes eligible to be cast by the members of the mutual association.
MD. Financial Institutions Code Ann. §  9-1105 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 11 - Mutual Association Conversion to a Credit Union|Section 9-1105 - Application to Convert; Examination; Audit

    (a)    To convert to a credit union, the mutual association shall deliver to the Commissioner:        (1)    A written application for conversion in the form that the Maryland Department of Labor requires;        (2)    Any additional exhibits the Department may require;        (3)    Any filing fee set by the Department by regulation; and        (4)    Its proposed amended articles and bylaws.    (b)    Upon receipt of an application to convert, the Commissioner shall examine the mutual association.    (c)    The examination shall include, but not be limited to, the following:        (1)    The financial history and condition of the mutual association including:            (i)    The identification of overvalued assets, undisclosed nonperforming loans, and understated liabilities;            (ii)    The identification of assets that may become nonperforming assets upon conversion;            (iii)    The identification of loans in default and loans past due over 60 days;            (iv)    Review of material litigation affecting the mutual association, and the identification of significant judgments, orders or decrees affecting its financial status; and            (v)    Review of mortgage contracts, participating loans, and other commitments.        (2)    The management of the association.    (d)    As a condition of approval of an application of conversion, the Commissioner may require a mutual association to have its books and records audited and certified under § 9–502 of this title.
MD. Financial Institutions Code Ann. §  9-1106 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 11 - Mutual Association Conversion to a Credit Union|Section 9-1106 - Review and Approval of Application by Commissioner

    (a)    In reviewing an application for conversion, the Commissioner shall determine:        (1)    Whether, after conversion, the credit union will be in sound financial condition and will be soundly managed; and        (2)    That no person will receive any inequitable gain or advantage by reason of the conversion.    (b)    An application for conversion may only be approved if it is found that:        (1)    The converting mutual association has met the requirements of Title 6 of this article;        (2)    The converting mutual association will qualify for share insurance by the Credit Union Insurance Corporation or the National Credit Union Administration Share Program;        (3)    The converting mutual association has credited to the reserve fund 6 percent of its risk assets; and        (4)    The public interest will be promoted by allowing the mutual association to convert to a credit union.
MD. Financial Institutions Code Ann. §  9-1107 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 11 - Mutual Association Conversion to a Credit Union|Section 9-1107 - Effective Date of Conversion

    (a)    On approval of the application for conversion, the applicant shall file an endorsed copy of the application with the State Department of Assessments and Taxation.    (b)    The mutual association becomes a credit union when the application and endorsed amended articles and bylaws by the State Department of Assessments and Taxation accepts the application for record.    (c)    The credit union shall certify the acceptance of the application and endorsed amended articles and bylaws by the State Department of Assessments and Taxation within 10 days of receiving the acceptance to the Commissioner.
MD. Financial Institutions Code Ann. §  9-1108 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 11 - Mutual Association Conversion to a Credit Union|Section 9-1108 - Changes in Application or Exhibits; Actions of Commissioner Upon Approval or Denial of Application

    (a)    The Commissioner may require any changes to the application or exhibits that the Department considers necessary.    (b)    If the application for conversion is denied, the Commissioner shall endorse and date a copy of the application “denied”, return it to the mutual association, and certify this action to the State of Maryland Deposit Insurance Fund Corporation.    (c)    If the application for conversion is approved, the Commissioner shall:        (1)    Sign, date, and endorse each copy of the application for conversion as “approved”;        (2)    Keep and record 1 copy of each endorsed application; and        (3)    Certify these actions taken to the share insurer.
MD. Financial Institutions Code Ann. §  9-1109 (2021)
2021 Maryland Statutes|Financial Institutions|Title 9 - Savings and Loan Associations|Subtitle 11 - Mutual Association Conversion to a Credit Union|Section 9-1109 - Membership

    In addition to membership authorized in § 6-302 of this article, a credit union resulting from a conversion under this subtitle may permit individuals who, at the time of conversion, are members, savings account holders, directors, officers, employees, or borrowers of a mutual association, to become members of the resulting credit union.
MD. Financial Institutions Code Ann. §  11-101 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 1 - General Provisions|Section 11-101 - Examination Expenses

    (a)    (1)    In this section the following words have the meanings indicated.        (2)    “Examination” means an examination or investigation performed by the Commissioner, or the Commissioner’s designee, which is required or authorized under this article or Title 12 of the Commercial Law Article.        (3)    “Licensee” means a person licensed by the Commissioner under this title.        (4)    “Person” includes an individual, corporation, business trust, statutory trust, estate, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.    (b)    Travel and living expenses reasonably incurred by the Commissioner or the Commissioner’s designated examiners arising from the examination of a licensee whose place of business being examined is located outside the geographical boundaries of Maryland, shall be paid by the entity being examined.    (c)    (1)    Subsection (b) of this section does not apply if the licensee physically produces all documentation deemed by the Commissioner to be necessary or appropriate to the examination within Maryland at a location designated by the Commissioner.        (2)    The production of documentation under this subsection, instead of an on-site examination, shall be made at the Commissioner’s sole discretion.
MD. Financial Institutions Code Ann. §  11-201 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 2 - Consumer Loans -- Licensing Provisions|Section 11-201 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Branch location” means any location other than the principal executive office of a licensee or license applicant at which the licensee conducts, or the license applicant, on licensure, will conduct, activities required to be licensed under this subtitle.    (c)    (1)    “Control person” means a person who has the power, directly or indirectly, to direct the management or policies of a licensee or license applicant, whether through ownership of securities, by contract, or otherwise.        (2)    “Control person” includes a person who:            (i)    Is a general partner, an officer, or a director of a licensee or license applicant, or occupies a similar position or performs a similar function;            (ii)    Directly or indirectly has the right to vote 10% or more of a class of voting securities, or has the power to sell or direct the sale of 10% or more of a class of voting securities of a licensee or license applicant; or            (iii)    In the case of a partnership, a limited partnership, a limited liability partnership, a limited liability company, or any other business entity:                1.    Has the right to receive on liquidation or dissolution of a licensee or license applicant 10% or more of the capital of the licensee or license applicant; or                2.    Has contributed 10% or more of the capital of a licensee or license applicant.    (d)    “License” means a license issued by the Commissioner under this subtitle to make loans under the Maryland Consumer Loan Law.    (e)    “Loan” means any loan or advance of money or credit subject to Title 12, Subtitle 3 of the Commercial Law Article, the Maryland Consumer Loan Law – Credit Provisions, regardless of whether the loan or advance of money or credit is or purports to be made under Title 12, Subtitle 3 of the Commercial Law Article.    (f)    “Maryland Consumer Loan Law” means this subtitle and Title 12, Subtitle 3 of the Commercial Law Article.    (g)    “Person” includes an individual, corporation, business trust, statutory trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.    (h)    “Unique identifier” means a number or another identifier assigned by NMLS.
MD. Financial Institutions Code Ann. §  11-202 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 2 - Consumer Loans -- Licensing Provisions|Section 11-202 - Scope of Subtitle

    (a)    The Maryland Consumer Loan Law does not change any powers conferred by law on any person who is not required or permitted to be licensed under this subtitle.    (b)    The Commissioner may not license any bank, trust company, savings bank, credit union, or savings and loan association.
MD. Financial Institutions Code Ann. §  11-203 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 2 - Consumer Loans -- Licensing Provisions|Section 11-203 - Rules and Regulations

    The Commissioner may adopt rules and regulations to carry out the provisions of this subtitle.
MD. Financial Institutions Code Ann. §  11-203.1 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 2 - Consumer Loans -- Licensing Provisions|Section 11-203.1 - Licensing Requirements and Process

    (a)    Unless a person is licensed by the Commissioner, the person may not:        (1)    Make a loan; or        (2)    In any way use any advantage provided by the Maryland Consumer Loan Law.    (b)    A separate license is required for the principal executive office of the license applicant or licensee and each branch location.    (c)    During the time period established by the Commissioner under subsection (d) of this section, each licensee shall:        (1)    Obtain and maintain a valid unique identifier issued by NMLS when an account is created with NMLS;        (2)    Transfer licensing information to NMLS; and        (3)    Pay to the Commissioner a license extension fee calculated in accordance with subsection (d)(5) of this section.    (d)    (1)    The Commissioner shall establish a time period that is not less than 2 months within which a licensee must transfer licensing information to NMLS.        (2)    The time period that the Commissioner establishes under this subsection shall begin on or after July 1, 2017.        (3)    At least 30 days before the transfer period begins, the Commissioner shall:            (i)    Notify all licensees of the transfer period; and            (ii)    Provide instructions for the transfer of licensing information to NMLS.        (4)    For each licensee that complies with subsection (c) of this section, the term of the licensee’s license shall extend to December 31 of the year in which the license otherwise would have expired.        (5)    The license extension fee required under subsection (c)(3) of this section is nonrefundable and, based on the annual license fee, shall be prorated to the number of days between the date the license otherwise would have expired and December 31 of the same year.    (e)    Subject to subsection (c) of this section, an applicant for an initial license or a license renewal shall apply for the initial license or license renewal through NMLS:        (1)    On or after July 1, 2017; or        (2)    If the Commissioner has not joined NMLS with respect to persons required to be licensed under this subtitle as of July 1, 2017, on or after the date that the Commissioner joins, as specified by the Commissioner by public notice.
MD. Financial Institutions Code Ann. §  11-203.2 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 2 - Consumer Loans -- Licensing Provisions|Section 11-203.2 - Confidentiality of Information

    (a)    (1)    The requirements under any federal law and Title 4, Subtitles 1 through 5 of the General Provisions Article regarding the privacy or confidentiality of information or material provided to NMLS, and any privilege arising under federal or state law, including the rules of any federal or state court with respect to that information or material, shall continue to apply to that information or material after the information or material has been disclosed to NMLS.        (2)    The information and material may be shared with all state and federal regulatory officials having oversight authority over persons required to be licensed under this subtitle, including the Financial Crimes Enforcement Network and the Office of Foreign Assets Control, and any successor to these agencies, without the loss of privilege or the loss of confidentiality protections provided by federal law or Title 4, Subtitles 1 through 5 of the General Provisions Article.    (b)    Information or material that is subject to a privilege or confidentiality under subsection (a) of this section may not be subject to:        (1)    Disclosure under any federal or state law governing the disclosure to the public of information held by an officer or agency of the federal government or a state that has received the information or material; or        (2)    Subpoena, discovery, or admission into evidence, in any private civil litigation or administrative process, unless, with respect to any privilege held by NMLS, the person to whom the information or material pertains waives, in whole or in part, that privilege.    (c)    Any provisions of Title 4, Subtitles 1 through 5 of the General Provisions Article relating to the disclosure of any information or material described in subsection (a) of this section that are inconsistent with subsection (a) of this section shall be superseded by the requirements of this section.    (d)    This section does not apply to information or material relating to publicly adjudicated disciplinary and enforcement actions against a person required to be licensed under this subtitle that is included in NMLS and designated for access by the public.
MD. Financial Institutions Code Ann. §  11-203.3 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 2 - Consumer Loans -- Licensing Provisions|Section 11-203.3 - Credit of Revenue From Licensing and Payment of Fines and Penalties Into Various Funds

    (a)    All revenue received for the licensing of persons under this subtitle and Subtitle 3 of this title and any other fee or revenue received by the Commissioner under this subtitle shall be:        (1)    Credited to the Nondepository Special Fund established under § 11–610 of this title; and        (2)    Used in accordance with § 11–610(c) of this title.    (b)    Notwithstanding subsection (a) of this section, the Commissioner shall pay all fines and penalties collected by the Commissioner under this subtitle and Subtitle 3 of this title into the General Fund of the State.