Md. Code, Financial Institutions § 9-422
This is the official text of Md. Code, Financial Institutions § 9-422, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§9–422.
Official statutory text
A savings and loan association shall take title to all its investments in its own name, except as may be permitted by regulation or order of the Division Director to assign or grant a security interest in collateral given by a savings and loan association to any State or federal government agency or instrumentality, including the State of Maryland Deposit Insurance Fund Corporation, a federal reserve bank, or a federal home loan bank, to secure loans to the savings and loan association.
Status: in_force · Read it on the official government site
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