(a) With the approval of the Secretary of Labor, the Commissioner shall appoint a Deputy Commissioner.
(b) The Deputy Commissioner serves at the pleasure of the Commissioner and is an employee of the Commissioner’s office.
(c) The Deputy Commissioner shall have at least 5 years of experience in:
(1) State or national banking regulation or management; or
(2) The regulation or management of the business of making loans by persons of the type regulated by this article.
(d) The Deputy Commissioner is entitled to the salary provided in the State budget.
(e) In addition to any other powers and duties set forth in this article, the Deputy Commissioner has the powers and duties of the Commissioner:
(1) To the extent delegated by the Commissioner;
(2) If the office of the Commissioner is vacant; and
(3) If for any reason the Commissioner is unable to perform the duties of the office.
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