(a) Appointment.- With the approval of the Secretary of Labor, Licensing, and Regulation, the Commissioner shall appoint a Deputy Commissioner.
(b) Responsibility to Commissioner.- The Deputy Commissioner serves at the pleasure of the Commissioner and is an employee of the Commissioner's office.
(c) Qualifications.- The Deputy Commissioner shall have at least 5 years of experience in:
(1) State or national banking regulation or management; or
(2) The regulation or management of the business of making loans by persons of the type regulated by this article.
(d) Compensation.- The Deputy Commissioner is entitled to the salary provided in the State budget.
(e) Powers and duties.- In addition to any other powers and duties set forth in this article, the Deputy Commissioner has the powers and duties of the Commissioner:
(1) To the extent delegated by the Commissioner;
(2) If the office of the Commissioner is vacant; and
(3) If for any reason the Commissioner is unable to perform the duties of the office.
(a) Appointment.- With the approval of the Secretary of Labor, Licensing, and Regulation, the Commissioner shall appoint a Deputy Commissioner.
(b) Responsibility to Commissioner.- The Deputy Commissioner serves at the pleasure of the Commissioner and is an employee of the Commissioner's office.
(c) Qualifications.- The Deputy Commissioner shall have at least 5 years of experience in:
(1) State or national banking regulation or management; or
(2) The regulation or management of the business of making loans by persons of the type regulated by this article.
(d) Compensation.- The Deputy Commissioner is entitled to the salary provided in the State budget.
(e) Powers and duties.- In addition to any other powers and duties set forth in this article, the Deputy Commissioner has the powers and duties of the Commissioner:
(1) To the extent delegated by the Commissioner;
(2) If the office of the Commissioner is vacant; and
(3) If for any reason the Commissioner is unable to perform the duties of the office.
(a) Appointment.- With the approval of the Secretary of Labor, Licensing, and Regulation, the Commissioner shall appoint a Deputy Commissioner.
(b) Responsibility to Commissioner.- The Deputy Commissioner serves at the pleasure of the Commissioner and is an employee of the Commissioner's office.
(c) Qualifications.- The Deputy Commissioner shall have at least 5 years of experience in:
(1) State or national banking regulation or management; or
(2) The regulation or management of the business of making loans by persons of the type regulated by this article.
(d) Compensation.- The Deputy Commissioner is entitled to the salary provided in the State budget.
(e) Powers and duties.- In addition to any other powers and duties set forth in this article, the Deputy Commissioner has the powers and duties of the Commissioner:
(1) To the extent delegated by the Commissioner;
(2) If the office of the Commissioner is vacant; and
(3) If for any reason the Commissioner is unable to perform the duties of the office.
