(a)      "Foreign banking corporation" has the meaning stated in § 12-201(e) of this article.

      (b)      A foreign banking corporation may not have an automated teller machine in this State for any purpose unless:

            (1)      The foreign banking corporation obtains from the Commissioner a permit for the automated teller machine; or

            (2)      The automated teller machine is authorized under:

                  (i)      The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 or other federal law; or

                  (ii)      Title 5, Subtitle 9 or Subtitle 10 of this article.

      (c)      The process for obtaining a permit for the automated teller machine is as stated in §§ 12-208 and 12-209 of this article.