Section 9-1007 - Powers of Division Director. - Maryland Statutes

§ 9-1007. Powers of Division Director.
 

(a)  Cooperative agreements.- 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)  Reports from other units.- 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)  Joint or independent action.- 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)  Rules and regulations.- The Division Director may adopt regulations necessary to carry out the provisions of this subtitle. 
 

[1987, ch. 544.]