Section 2-113 - Investigative and enforcement powers - In general. - Maryland Statutes

§ 2-113. Investigative and enforcement powers - In general.
 

(a)  "Affiliate" defined.- In this section, "affiliate" has the meaning stated in § 5-401(b) of this article. 

(b)  Additional to other powers.- Except as provided in subsection (d) of this section, the investigative and enforcement powers of the Commissioner authorized under this subtitle are in addition to any investigative or enforcement powers of the Commissioner authorized under any other provision of law. 

(c)  Appropriations.- Beginning in fiscal year 2001, the Governor shall appropriate in the State budget in each fiscal year to the Division of Financial Regulation funding for the positions necessary to implement the investigative and enforcement powers authorized under this subtitle. 

(d)  Applicability of §§ 2-114 through 2-117.- Except as provided in § 2-117 of this subtitle, the provisions of §§ 2-114 through 2-117, inclusive, of this subtitle do not apply to: 

(1) Any bank, trust company, savings bank, savings and loan association, or credit union incorporated or chartered under the laws of this State or the United States that maintains its principal office in this State; 

(2) Any out-of-state bank, as defined in § 5-1001 of this article, having a branch that accepts deposits in this State; 

(3) Any institution incorporated under federal law as a savings association or savings bank that does not maintain its principal office in this State but has a branch that accepts deposits in this State; or 

(4) An affiliate of an institution described in item (1), (2), or (3) of this subsection. 
 

[2000, ch. 633; 2008, ch. 499; 2010, ch. 72.]