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<section article="gfi" article_name="Financial Institutions" number="8-309" title_number="8" title_name="Savings and Loan Associations -- Board of Commissioners and Division" subtitle_number="3" subtitle_name="Division of Savings and Loan Associations">
  <level label="a">
    <level label="1">
      <text>On June 30 of each year, or at the discretion of the Division Director or as circumstances warrant, the Division Director shall provide a written report to the Governor, the President of the Senate, the Speaker of the House of Delegates, and the Secretary of Labor on:</text>
      <level label="i">
        <text>The operations of the Division Director’s office;</text>
      </level>
      <level label="ii">
        <text>The condition of the savings and loan industry, including any violations of this subtitle or Title 9 of this article and the regulations adopted under those titles; and</text>
      </level>
      <level label="iii">
        <text>As to the laws that the Division Director administers, amendments that the Division Director considers desirable.</text>
      </level>
    </level>
    <level label="2">
      <text>The report is confidential and is not subject to disclosure in accordance with the provisions of Title 4, Subtitle 3, Part III of the General Provisions Article.</text>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>On June 30 of each year, the Division Director shall submit a report to the General Assembly in accordance with § 2–1257 of the State Government Article describing:</text>
      <level label="i">
        <text>The operations of the Division Director’s office;</text>
      </level>
      <level label="ii">
        <text>The general condition of the savings and loan industry; and</text>
      </level>
      <level label="iii">
        <text>Any recommended legislative changes.</text>
      </level>
    </level>
    <level label="2">
      <text>The report may include a summary of final enforcement actions taken by the Division Director but may not include pending investigations of violations of law reported under subsection (a) of this section.</text>
    </level>
  </level>
</section>
