University of Baltimore Law Review


Maryland's publicized savings and loan crisis was caused, in part, by insufficient state regulation of the savings and loan industry. Legislation subsequently was enacted by the Maryland General Assembly to prevent recurrence of the crisis. This article, written by one of the primary drafters of the curative legislation, reviews the history of savings and loan associations in Maryland, the causes of the crisis that arose in 1985, and the legislation enacted to prevent a reprise.