(a) The Commissioner is appointed by the Secretary of Labor with the approval of the Governor and the advice and consent of the Senate.
(b) The Commissioner serves at the pleasure of the Secretary of Labor.
(c) The Commissioner shall have at least 5 years of experience in state or national banking regulation or management, which may include service as a bank director.
(d) The Commissioner is entitled to the salary provided in the State budget.
Structure Maryland Statutes
Title 2 - Commissioner and Boards
Subtitle 1 - Commissioner of Financial Regulation
Section 2-101 - Office Established
Section 2-102 - Appointment; Responsibility to Secretary; Qualifications; Compensation
Section 2-103 - Deputy Commissioner
Section 2-104.1 - Student Loan Ombudsman
Section 2-105 - Authority of Secretary
Section 2-105.1 - Regulations; Multistate Automated Licensing Systems
Section 2-108 - Collection of Nonrefundable Fees
Section 2-109 - Payment of Money to General Fund
Section 2-110 - Full-Time Duties of Commissioner and Deputy Commissioner
Section 2-111 - Conflicts of Interest -- Ownership of Certain Stock Prohibited
Section 2-112 - Conflicts of Interest -- Other Prohibited Activities
Section 2-113 - Investigative and Enforcement Powers -- in General
Section 2-116 - Investigative and Enforcement Powers -- Circuit Court Action
Section 2-117 - Disclosure of Information -- in General
Section 2-117.1 - Disclosure of Information -- Examinations of Banking Institutions or Credit Unions
Section 2-118 - Banking Institution and Credit Union Regulation Fund