(a) With the approval of the Secretary of Labor, the Commissioner shall appoint a Deputy Commissioner.
(b) The Deputy Commissioner serves at the pleasure of the Commissioner and is an employee of the Commissioner’s office.
(c) 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) The Deputy Commissioner is entitled to the salary provided in the State budget.
(e) 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.
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