WILLIAM DONALD SCHAEFER, Governor Ch. 662

(III) MEET THE CREDIT NEEDS OF LOW AND MODERATE
INCOME FAMILIES AND INDIVIDUALS WHO RESIDE IN THE COMMUNITY
SERVED BY THE BANK;

(2) SPECIFIES THE PARTICIPATION, IF ANY, IN
GOVERNMENT SPONSORED PROGRAMS THAT ARE DESIGNED TO MEET THE
CREDIT NEEDS OF SMALL BUSINESSES, FARM OWNERS, AND LOW AND
MODERATE INCOME INDIVIDUALS; AND

(3) SPECIFIES PLANS, IF ANY, FOR NEW PROGRAMS OR
INITIATIVES TO MEET THE CREDIT NEEDS OF SMALL BUSINESSES, FARM
OWNERS, AND LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

(B) THE REPORTING REQUIREMENT UNDER THIS SECTION MAY BE
SATISFIED BY THE SUBMISSION OF ANY REPORT REQUIRED BY THE FEDERAL
GOVERNMENT IF THE REPORT CONTAINS SUBSTANTIALLY THE SAME
INFORMATION REQUIRED UNDER THIS SECTION.

(C) UPON REQUEST, THE COMMISSIONER SHALL MAKE AVAILABLE TO

THE PUBLIC A COPY OF THE REPORT REQUIRES UNDER THIS SECTION.

9-1006.

(a)  An interstate association or an out-of-state savings
and loan holding company that controls a Maryland association, a
Maryland savings and loan holding company, an interstate
association, or an out-of-state savings and loan holding company
having a Maryland association subsidiary shall be subject to and
be entitled to the benefits of those laws of this State and to
the rules of its units relating to the acquisition, ownership,
and operation of deposit-taking offices in Maryland, Maryland
associations, and Maryland savings and loan holding companies.

(b)  An interstate association or an out-of-state savings
and loan holding company that controls a Maryland association, a
Maryland savings and loan holding company, an interstate
association, or an out-of-state savings and loan holding company
having a Maryland association subsidiary shall:

(1)  File with the Division Director copies of all
regular and periodic reports that the savings and loan
association or savings and loan holding company is required to
file under § 13 or § 15(d) of the Securities Exchange Act of
1934, as amended, excluding any portions not required to be made
available to the public; [and]

(2)  FILE, EVERY 6 MONTHS, ANNUALLY A WRITTEN REPORT
TO THE DIRECTOR THAT:

(I) SPECIFIES THE STEPS TAKEN TO MEET THE
CREDIT NEEDS OF SMALL BUSINESSES AND INDIVIDUALS IN THE COMMUNITY
SERVED, INCLUDING LOW AND MODERATE INCOME RESIDENTS:

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