On or before December 31 of each year, the Commissioner shall submit to the Governor and, as provided under § 2–1257 of the State Government Article, the General Assembly an annual report that includes, at a minimum, the following information concerning the most recently completed fiscal year ending June 30:
(1) Operations of the office of the Commissioner;
(2) Amendments proposed by the Commissioner regarding the laws the Commissioner administers;
(3) Failures of licensed persons and State–chartered financial institutions;
(4) A summary of the composite ratings of banking institutions and State–chartered credit unions; and
(5) A breakdown by license category of the number of penalties assessed and instances of consumer recovery.
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